Petsmart 2009 Annual Report Download - page 68

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Dividends
In 2009 and 2008, the Board of Directors declared the following dividends:
Date Declared
Dividend
Amount per
Share
Stockholders of
Record Date Date Paid
2009:
March 24 ........................ $0.03 May 1, 2009 May 15, 2009
June 22 . ........................ $0.10 July 31, 2009 August 14, 2009
September 30 ..................... $0.10 October 30, 2009 November 13, 2009
December 10 ..................... $0.10 January 29, 2010 February 12, 2010
2008:
March 25 ........................ $0.03 May 2, 2008 May 16, 2008
June 18 . ........................ $0.03 August 1, 2008 August 15, 2008
September 24 ..................... $0.03 October 31, 2008 November 14, 2008
December 17 ..................... $0.03 January 30, 2009 February 13, 2009
Note 9 — Stock-Based Compensation
We have several long-term incentive plans, including plans for stock options, restricted stock, performance
share units, management equity units and employee stock purchases. Shares issued under our long-term incentive
plans are issued from new shares, rather than treasury stock.
Stock Options
At January 31, 2010, stock option grants representing 7.3 million shares of common stock were outstanding
under all of the stock option plans, and 5.1 million of additional stock options or awards may be issued under the
2006 Equity Incentive Plan. These grants are made to employees, including officers and our Directors, at the fair
market value on the date of the grant.
Activity in all of our stock option plans is as follows (in thousands, except per share data):
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
Year Ended 2009 (52 weeks)
Outstanding at beginning of year ..... 7,080 $19.77
Granted ....................... 1,696 $16.97
Exercised ...................... (733) $10.52 $ 9,810
Forfeited/cancelled ............... (734) $23.69
Outstanding at end of year ......... 7,309 $19.65 4.29 $51,205
Vested and expected to vest at end of
year ........................ 7,026 $19.72 4.23 $48,978
Exercisable at end of year .......... 4,028 $19.64 3.38 $29,128
F-20
PetSmart, Inc. and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)