Ingram Micro 2006 Annual Report Download - page 86

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Stock Award Activity
Stock option activity under the 2003 Plan was as follows for the year ended December 30, 2006:
No. of Shares
(in 000s)
Weighted-
Average
Exercise
Price
Weighted-Average
Remaining
Contractual
Term
(in Years)
Aggregate
Intrinsic
Value
Outstanding at December 31, 2005....... 30,558 $15.61
Granted . . . ...................... 1,162 19.01
Exercised. . ...................... (7,001) 14.02
Forfeited/cancelled/expired ........... (1,365) 27.86
Outstanding at December 30, 2006....... 23,354 15.54 5.9 $122,285
Vested and expected to vest at
December 30, 2006 ................ 22,252 15.47 5.7 118,591
Exercisable at December 30, 2006 ....... 17,845 15.08 5.1 103,812
The aggregate intrinsic value in the table above represents the difference between the Company’s closing stock
price on December 30, 2006 and the option exercise price, multiplied by the number of in-the-money options on
December 30, 2006. This amount changes based on the fair market value of the Company’s common stock. Total
intrinsic value of stock options exercised for the years ended December 30, 2006, December 31, 2005 and January 1,
2005 was $42,128, $15,938 and $33,377, respectively. Total fair value of stock options vested and expensed was
$20,526 for the year ended December 30, 2006. As of December 30, 2006, the Company expects $20,155 of total
unrecognized compensation cost related to stock options to be recognized over a weighted-average period of
1.2 years.
Cash received from stock option exercises for the year ended December 30, 2006 was $98,129, and the actual
benefit realized for the tax deduction from stock option exercises of the share-based payment awards totaled
$10,580 for the year ended December 30, 2006.
Stock option activity under the 2003 Plan was as follows for the years ended December 31, 2005 and January 1,
2005:
Shares
(000s)
Weighted-
Average
Exercise Price
Outstanding at January 3, 2004 ................................ 36,434 $15.19
Stock options granted during the year ............................. 6,750 15.47
Stock options exercised........................................ (6,695) 12.62
Forfeited/cancelled/expired ..................................... (3,830) 17.25
Outstanding at January 1, 2005 ................................ 32,659 15.40
Stock options granted during the year ............................. 4,748 17.28
Stock options exercised........................................ (3,576) 13.78
Forfeited/cancelled/expired ..................................... (3,273) 17.86
Outstanding at December 31, 2005 .............................. 30,558 15.61
62
INGRAM MICRO INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)