Salesforce.com 2009 Annual Report Download - page 81

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Table of Contents
salesforce.com, inc.
Notes to Consolidated Financial Statements—(Continued)
Stock activity is as follows:
Shares
Available
for Grant
Options Outstanding
Outstanding
Stock
Options
Weighted-
Average
Exercise Price
Aggregate
Intrinsic Value
(in thousands)
Balance as of January 31, 2009 4,191,642 14,917,520 $ 32.51
Increase in shares authorized:
2004 Equity Incentive Plan 3,500,000 — —
Inducement Plan 300,000
Options granted under all plans (3,477,039) 3,477,039 61.78
Restricted stock unit activity (623,227) — —
Stock grants to board members for board services and advisory board members (50,200) — —
Exercised — (3,422,626) 27.42
1999 Plan shares expired (168,809)
Cancelled 935,562 (935,562) 42.06
Balance as of January 31, 2010 4,607,929 14,036,371 $ 40.36 $ 332,052
Vested or expected to vest 13,485,927 $ 39.97 $ 324,090
Exercisable as of January 31, 2010 5,968,101 $ 29.73 $ 202,288
The total intrinsic value of the options exercised during the fiscal 2010, 2009 and 2008 were $105.2 million, $117.3 million, and $155.8 million
respectively. The intrinsic value is the difference of the current market value of the stock and the exercise price of the stock option.
The weighted-average remaining contractual life of vested and expected to vest options is approximately 3.7 years.
As of January 31, 2010, options to purchase 5,968,101 shares were vested at a weighted average exercise price of $29.73 per share and a remaining
weighted-average remaining contractual life of approximately 3.4 years. The total intrinsic value of these vested options as of January 31, 2010 was $202.3
million.
The following table summarizes information about stock options outstanding as of January 31, 2010:
Options Outstanding Options Exercisable
Range of Exercise
Prices
Number
Outstanding
Weighted-
Average
Remaining
Contractual
Life (Years)
Weighted-
Average
Exercise
Price
Number of
Shares
Weighted-
Average
Exercise
Price
$0.40 to $22.64 2,020,749 4.2 $ 10.16 2,020,123 $ 10.16
$23.05 to $25.19 168,161 4.8 24.56 161,003 24.56
$25.97 2,892,809 3.8 25.97 650,126 25.97
$27.20 to $39.35 2,090,709 2.6 33.78 1,411,438 33.62
$39.68 to $52.48 2,826,735 3.2 49.90 1,246,429 48.79
$52.76 to $65.41 1,065,604 3.4 56.04 377,866 55.44
$65.44 to $71.30 2,971,604 4.7 65.73 101,116 67.91
14,036,371 3.7 $ 40.36 5,968,101 $ 29.73
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