Snapple 2008 Annual Report Download - page 114

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A summary of DPS’ stock option activity for the year ended December 31, 2008, is as follows:
Stock Options
Weighted Average
Exercise Price
Number outstanding at January 1, 2008 ..................... — —
Granted ........................................... 1,270,185 $25.30
Exercised .......................................... — —
Forfeited or expired .................................. (110,566) $25.36
Outstanding at December 31, 2008 ......................... 1,159,619 $25.30
Exercisable at December 31, 2008 ......................... — —
The following table summarizes information about stock options outstanding as of December 31, 2008 (in
millions except per share and share data):
Range of Exercise Prices per Share
Number
Outstanding
Weighted Average
Remaining
Contractual Term (Years)
Aggregate
Intrinsic Value
Number
Exercisable
$20.76 - $25.36 ............. 1,159,619 9.36 — —
A summary of the status of the Company’s nonvested shares as of December 31, 2008, and changes during the
year ended December 31, 2008, is presented below:
Stock Options
Weighted-Average
Grant-Date Fair Value
Nonvested at January 1, 2008 .......................... — —
Granted ........................................ 1,270,185 $7.37
Vested ......................................... — —
Forfeited ....................................... (110,566) $7.38
Nonvested at December 31, 2008 ....................... 1,159,619 $7.36
As of December 31, 2008, there was $6 million of unrecognized compensation costs related to the nonvested
stock options granted under the Plan. That cost is expected to be recognized over a weighted-average period of
2.35 years
Restricted Stock Units
The tables below summarize information about the restricted stock units granted during the year ended
December 31, 2008. The fair value of restricted stock units is determined based on the number of units granted and
the grant date fair value of common stock.
A summary of the Company’s restricted stock activity for the year ended December 31, 2008, is as follows:
Restricted Stock Units
Weighted Average Grant-
Date Fair Value
Number outstanding at January 1, 2008 ........... — —
Granted ................................... 1,080,261 $24.85
Vested and released .......................... — —
Forfeited or expired .......................... (51,652) $25.20
Outstanding at December 31, 2008 ............... 1,028,609 $24.83
90
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)