Petsmart 2009 Annual Report Download - page 69

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Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
Year Ended 2008 (52 weeks)
Outstanding at beginning of year ..... 6,322 $19.10
Granted ....................... 1,816 $19.10
Exercised ...................... (755) $10.42 $11,684
Forfeited/cancelled ............... (303) $25.12
Outstanding at end of year ......... 7,080 $19.77 4.56 $19,736
Vested and expected to vest at end of
year ........................ 6,367 $19.35 4.45 $19,732
Exercisable at end of year .......... 4,238 $17.60 3.84 $19,719
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
Year Ended 2007 (53 weeks)
Outstanding at beginning of year .... 7,327 $16.54
Granted ....................... 993 $31.38
Exercised...................... (1,665) $14.23 $30,623
Forfeited/cancelled ............... (333) $23.91
Outstanding at end of year ......... 6,322 $19.10 4.80 $42,282
Vested and expected to vest at end of
year ........................ 5,674 $18.02 4.68 $42,268
Exercisable at end of year ......... 4,613 $15.53 4.41 $42,250
Restricted Stock
We may grant restricted stock under the 2006 Equity Incentive Plan. Under the terms of the plan, employees
may be awarded shares of our common stock, subject to approval by the Board of Directors. The employee may be
required to pay par value for the shares depending on their length of service. The shares of common stock awarded
under the plan are subject to a reacquisition right held by us. In the event that the award recipient’s employment by,
or service to, us is terminated for any reason, we are entitled to simultaneously and automatically reacquire for no
consideration all of the unvested shares of restricted common stock previously awarded to the recipient.
F-21
PetSmart, Inc. and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)