Kroger 2013 Annual Report Download - page 132

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A-59
NO T E S T O C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S , CO N T I N U E D
available under the 2005, 2008 and 2011 Long-Term Incentive Plans (the “Plans”) for future restricted stock
awards or shares issued to the extent performance criteria are achieved. The Company has the ability to
convert shares available for stock options under the Plans to shares available for restricted stock awards.
Under some of the Plans, four shares available for option awards can be converted into one share available for
restricted stock awards.
All awards become immediately exercisable upon certain changes of control of the Company.
Stock Options
Changes in options outstanding under the stock option plans are summarized below:
Shares
subject
to option
(in millions)
Weighted-
average
exercise
price
Outstanding, year-end 2010. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.9 $21.45
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.9 $24.69
Exercised. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5.9) $20.28
Canceled or Expired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2.9) $24.43
Outstanding, year-end 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.0 $21.80
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.1 $22.04
Exercised. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6.7) $18.35
Canceled or Expired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1.9) $23.28
Outstanding, year-end 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.5 $22.61
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2 $37.68
Exercised. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8.8) $22.22
Canceled or Expired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.2) $25.47
Outstanding, year-end 2013. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.7 $25.66
A summary of options outstanding and exercisable at February 1, 2014 follows:
Range of Exercise
Prices
Number
outstanding
Weighted-
average
remaining
contractual life
Weighted-
average
exercise price
Options
exercisable
Weighted-
average
exercise price
(in millions) (in years) (in millions)
$13.78 - $18.57 2.1 0.99 $16.62 2.1 $16.62
$18.58 - $20.97 3.6 4.80 $20.09 2.9 $20.06
$20.98 - $23.37 5.2 7.28 $22.11 2.6 $22.21
$23.38 - $28.17 3.1 7.22 $24.82 1.6 $ 24.89
$28.18 - $32.97 3.6 4.01 $28.51 3.5 $28.44
$32.98 - $40.99 4.1 9.44 $37.81 — $37.76
$13.78 - $40.99 21.7 6.12 $25.66 12.7 $22.88
The weighted-average remaining contractual life for options exercisable at February 1, 2014, was
approximately 4.5 years. The intrinsic value of options outstanding and exercisable at February 1, 2014 was
$233 and $169, respectively.