Salesforce.com 2011 Annual Report Download - page 86

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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, 2010 .................... 4,607,929 14,036,371 $ 40.36
Increase in shares authorized:
2004 Equity Incentive Plan ............... 3,500,000 0 0
Inducement Plan ........................ 300,000 0 0
Options granted under all plans ................ (3,113,276) 3,113,276 128.33
Restricted stock activity ...................... (1,775,505) 0 0
Stock grants to board and advisory board
members ................................ (50,200) 0 0
Exercised ................................. 0 (4,646,977) 34.52
1999 Plan shares expired ..................... (92,999) 0 0
Cancelled ................................. 719,511 (719,511) 49.38
Balance as of January 31, 2011 .................... 4,095,460 11,783,159 $ 65.35 $782,437
Vested or expected to vest ........................ 11,358,774 $ 64.42 $763,923
Exercisable as of January 31, 2011 ................. 4,340,782 $ 36.32 $402,892
The total intrinsic value of the options exercised during the fiscal 2011, 2010, and 2009 were $322.5
million, $105.2 million, and $117.3 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 3.3
years.
As of January 31, 2011, options to purchase 4,340,782 shares were vested at a weighted average exercise
price of $36.32 per share and a remaining weighted-average remaining contractual life of approximately 2.6
years. The total intrinsic value of these vested options as of January 31, 2011 was $402.9 million.
The following table summarizes information about stock options outstanding as of January 31, 2011:
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
$0.75 to $25.19 1,054,480 3.2 $ 10.29 1,054,480 $10.29
$25.97 2,195,260 2.8 25.97 848,361 25.97
$27.20 to $52.48 2,309,582 2.0 45.79 1,528,138 44.65
$52.76 to $65.41 669,778 2.5 56.09 321,878 55.38
$65.44 2,301,557 3.8 65.44 489,953 65.44
$65.68 to $133.32 957,126 4.0 84.78 97,972 68.15
$142.50 to $148.49 2,295,376 4.8 142.52 0 0
11,783,159 3.3 $ 65.35 4,340,782 $36.32
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