Intel 2010 Annual Report Download - page 123

Download and view the complete annual report

Please find page 123 of the 2010 Intel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 160

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Additional information with respect to stock option activity is as follows:
The aggregate intrinsic value of stock option exercises in 2010 was $65 million ($13 million in 2009 and $101 million in
2008), which represents the difference between the exercise price and the value of Intel common stock at the time of exercise.
Grants in 2009 include new stock options granted in connection with the Option Exchange.
The following table summarizes information about options outstanding as of December 25, 2010:
These options will expire if they are not exercised by specific dates through January 2020. Option exercise prices for options
exercised during the three-year period ended December 25, 2010 ranged from $0.05 to $27.27.
Stock Purchase Plan
Approximately 75% of our employees were participating in our stock purchase plan as of December 25, 2010. Employees
purchased 17.2 million shares in 2010 for $281 million under the 2006 Stock Purchase Plan (30.9 million shares for $344
million in 2009 and 25.9 million shares for $453 million in 2008). As of December 25, 2010, there was $13 million in
unrecognized compensation costs related to rights to acquire common stock under our stock purchase plan. We expect to
recognize those costs over a weighted average period of one month.
92
Weighted
Number of
Average
(In Millions, Except Per Option Amounts)
Options
Exercise Price
December 29, 2007
665.9
$
27.76
Grants
24.9
$
20.81
Exercises
(33.6
)
$
19.42
Cancellations and forfeitures
(42.8
)
$
31.14
Expirations
(2.4
)
$
22.84
December 27, 2008
612.0
$
27.70
Grants
118.5
$
18.01
Assumed in acquisition
9.0
$
15.42
Exercises
(3.6
)
$
15.90
Cancellations and forfeitures
(29.6
)
$
28.16
Exchanged
(217.4
)
$
26.75
Expirations
(37.6
)
$
31.92
December 26, 2009
451.3
$
25.08
Grants
20.2
$
23.25
Exercises
(16.6
)
$
18.36
Cancellations and forfeitures
(16.1
)
$
24.76
Expirations
(52.4
)
$
60.68
December 25, 2010
386.4
$
20.45
Options exercisable as of:
December 27, 2008
517.0
$
28.78
December 26, 2009
297.7
$
28.44
December 25, 2010
263.0
$
21.03
Outstanding Options
Exercisable Options
Weighted Average
Number of
Remaining
Weighted
Number of
Weighted
Shares
Contractual Life
Average
Shares
Average
Range of Exercise Prices
(In Millions)
(In Years)
Exercise Price
(In Millions)
Exercise Price
$1.12
–
$
15.00
4.5
4.6
$
12.77
2.9
$
12.72
$15.01
–
$
20.00
187.0
4.4
$
18.22
97.0
$
18.40
$20.01
–
$
25.00
171.2
2.3
$
22.08
140.0
$
21.95
$25.01
–
$
30.00
21.6
2.2
$
27.17
21.2
$
27.18
$30.01
–
$
55.14
2.1
1.5
$
31.70
1.9
$
31.73
Total
386.4
3.4
$
20.45
263.0
$
21.03