Intel 2013 Annual Report Download - page 97

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92
Additional information with respect to stock option activity for each period was as follows:
Number of
Options
(In Millions)
Weighted
Average
Exercise
Price
December 25, 2010 386.4 $ 20.45
Grants 14.7 $ 21.49
Assumed in acquisition 12.0 $ 15.80
Exercises (86.3) $ 20.06
Cancellations and forfeitures (8.6) $ 20.47
Expirations (19.9) $ 24.85
December 31, 2011 298.3 $ 20.12
Grants 13.5 $ 27.01
Exercises (85.8) $ 20.45
Cancellations and forfeitures (3.9) $ 21.17
Expirations (19.3) $ 22.45
December 29, 2012 202.8 $ 20.20
Grants 20.1 $ 22.99
Exercises (65.0) $ 18.76
Cancellations and forfeitures (3.0) $ 22.58
Expirations (1.9) $ 22.56
December 28, 2013 153.0 $ 21.10
Options exercisable as of:
December 31, 2011 203.6 $ 20.44
December 29, 2012 139.8 $ 19.76
December 28, 2013 111.5 $ 20.25
The aggregate intrinsic value of stock option exercises in 2013 was $265 million ($517 million in 2012 and $318
million in 2011), which represents the difference between the exercise price and the value of Intel common stock at
the time of exercise.
The following table summarizes information about options outstanding as of December 28, 2013:
Outstanding Options Exercisable Options
Range of Exercise Prices
Number of
Shares
(In Millions)
Weighted
Average
Remaining
Contractual
Life
(In Years)
Weighted
Average
Exercise
Price
Number of
Shares
(In Millions)
Weighted
Average
Exercise
Price
$ 1.12 - $ 15.00 2.2 3.7 $ 12.22 1.2 $ 11.69
$ 15.01 - $ 20.00 70.5 2.7 $ 18.22 70.4 $ 18.20
$ 20.01 - $ 25.00 57.6 4.2 $ 22.59 26.2 $ 22.54
$ 25.01 - $ 30.00 22.4 3.0 $ 27.09 13.4 $ 27.02
$ 30.01 - $ 33.03 0.3 0.1 $ 32.31 0.3 $ 32.31
Total 153.0 3.3 $ 21.10 111.5 $ 20.25
These options will expire if they are not exercised by specific dates through April 2021. Option exercise prices for
options exercised during the three-year period ended December 28, 2013, ranged from $1.12 to $28.15.
Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)