Priceline 2015 Annual Report Download - page 98

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Stock Options
The following table summarizes the activity for the stock options during the years ended December 31, 2013 , 2014 and 2015 :
Employee Stock Options
Number of
Shares
Weighted Average
Exercise Price
Aggregate
Intrinsic Value
(000's)
Weighted Average
Remaining
Contractual Term
(in years)
Balance, December 31, 2012
71,001
$ 19.73
$ 42,647
1.3
Assumed in acquisitions
540,179
$ 260.96
Exercised
(449,670)
$ 194.68
Forfeited
(23,802)
$ 478.83
Balance, December 31, 2013
137,708
$ 315.36
$ 116,686
6.6
Assumed in acquisitions
61,897
$ 457.67
Exercised
(51,003)
$ 293.59
Forfeited
(2,217)
$ 517.91
Balance, December 31, 2014
146,385
$ 380.05
$ 111,277
6.5
Assumed in acquisitions
1,422
$ 230.37
Exercised
(52,697)
$ 355.85
Forfeited
(6,006)
$ 511.87
Balance, December 31, 2015
89,104
$ 383.03
$ 79,474
5.4
Vested and exercisable as of December 31, 2015
72,654
$ 354.59
$ 66,868
5.0
Vested and exercisable as of December 31, 2015 and
expected to vest thereafter, net of estimated forfeitures
88,687
$ 383.06
$ 79,099
5.4
The aggregate intrinsic value of employee stock options exercised during the years ended December 31, 2015 , 2014 and 2013 was $46.3 million , $49.2
million and $281.8 million , respectively. During the years ended December 31, 2015 , 2014 and 2013 , stock options assumed in acquisitions vested for 38,689 ,
41,524 and 65,293 shares with an acquisition-date fair value of $24.4 million , $24.2 million and $30.9 million , respectively.
For the years ended December 31, 2015 , 2014 and 2013 , the Company recorded stock-based compensation expense related to employee stock options of
$24.9 million , $24.7 million and $30.9 million , respectively. Employee stock options assumed in acquisitions during the year ended December 31, 2015 had a
total acquisition-date fair value of $1.4 million based on a weighted-average acquisition date fair value of $1,015.81 per share. As of December 31, 2015 , there
was $9.7 million of total future compensation costs related to unvested employee stock options to be recognized over a weighted-average period of 1.3 years .
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