Intel 2008 Annual Report Download - page 107

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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Stock Option Awards
Options outstanding that have vested and are expected to vest as of December 27, 2008 are as follows:
Options with a fair value of $459 million completed vesting during 2008. As of December 27, 2008, there was $335 million in
unrecognized compensation costs related to stock options granted under our equity incentive plans. We expect to recognize
those costs over a weighted average period of 1.2 years.
Additional information with respect to stock option activity is as follows:
98
Weighted Average
Aggregate
Number of
Weighted
Remaining
Intrinsic
Shares
Average
Contractual Term
Value
1
(In Millions)
Exercise Price
(In Years)
(In Millions)
Vested
517.0
$
28.78
3.0
$
5
Expected to vest
2
88.1
$
21.88
4.9
—
Total
605.1
$
27.77
3.3
$
5
1
Amounts represent the difference between the exercise price and $14.18, the closing price of Intel common stock on
December 27, 2008, as reported on The NASDAQ Global Select Market*, for all in
-
the
-
money options outstanding.
2
Options outstanding that are expected to vest are net of estimated future option forfeitures.
Weighted
Number of
Average
Aggregate Intrinsic
(In Millions, Except Per Share Amounts)
Shares
Exercise Price
Value
1
December 31, 2005
899.9
$
26.71
Grants
52.3
$
20.04
Exercises
(47.3
)
$
12.83
$
364
Cancellations and forfeitures
(65.4
)
$
28.07
December 30, 2006
839.5
$
26.98
Grants
24.6
$
22.63
Exercises
(132.8
)
$
19.78
$
552
Cancellations and forfeitures
(65.4
)
$
31.97
December 29, 2007
665.9
$
27.76
Grants
24.9
$
20.81
Exercises
(33.6
)
$
19.42
$
101
Cancellations and forfeitures
(42.8
)
$
31.14
Expirations
(2.4
)
$
22.84
December 27, 2008
612.0
$
27.70
Options exercisable at:
December 30, 2006
567.6
$
28.66
December 29, 2007
528.2
$
29.04
December 27, 2008
517.0
$
28.78
1
Amounts represent the difference between the exercise price and the value of Intel common stock at the time of exercise.