Petsmart 2011 Annual Report Download - page 72

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PetSmart, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements — (Continued)
August 1, 2011. During the twenty-six weeks ended January 29, 2012, we purchased 3.7 million shares of our
common stock for $171.4 million under the $450.0 million program. As of January 29, 2012, $278.6 million
remained available under the $450.0 million program.
Dividends
In 2011 and 2010, the Board of Directors declared the following dividends:
Date Declared
Dividend
Amount per
Share
Stockholders of
Record Date Payment Date
March 23, 2011 ....................... $0.125 April 29, 2011 May 13, 2011
June 15, 2011 ........................ $ 0.14 July 29, 2011 August 12, 2011
September 21, 2011 ................... $ 0.14 October 28, 2011 November 11, 2011
December 7, 2011 ..................... $ 0.14 January 27, 2012 February 10, 2012
March 23, 2010 ....................... $ 0.10 April 30, 2010 May 14, 2010
June 16, 2010 ........................ $0.125 July 30, 2010 August 13, 2010
September 29, 2010 ................... $0.125 October 29, 2010 November 12, 2010
December 9, 2010 ..................... $0.125 January 28, 2011 February 11, 2011
Note 10 — 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.
Stock Options
At January 29, 2012, stock option grants representing 4.8 million shares of common stock were outstanding
under all of the stock option plans, and 25.5 million of additional stock options or awards may be issued under
the 2011 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):
Year Ended January 29, 2012
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
Outstanding at beginning of year . . . 5,985 $23.07
Granted ....................... 1,384 $40.82
Exercised ...................... (2,306) $21.48 $ 55,431
Forfeited/cancelled .............. (225) $28.47
Outstanding at end of year ........ 4,838 $28.66 4.39 $120,299
Vested and expected to vest at end of
year ........................ 4,661 $28.35 4.34 $117,289
Exercisable at end of year ......... 1,552 $23.57 2.80 $ 46,489
F-20