US Airways 2009 Annual Report Download - page 108
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Table of Contents
As of December 31, 2009, there were $3 million of total unrecognized compensation costs related to RSUs. These costs are expected
to be recognized over a weighted average period of 0.9 years. The total fair value of RSUs vested during 2009, 2008 and 2007 was
$2 million, $3 million and $14 million, respectively.
Stock Options and Stock Appreciation Rights — Stock options and stock appreciation rights are granted with an exercise price equal to
the underlying common stock's fair market value at the date of each grant. Stock options and stock appreciation rights have service
conditions, become exercisable over a three-year vesting period and expire if unexercised at the end of their term, which ranges from
seven to 10 years. Stock options and stock-settled stock appreciation rights ("SARs") are classified as equity awards as the exercise
results in the issuance of shares of the Company's common stock. Cash-settled stock appreciation rights ("CSARs") are classified as
liability awards as the exercise results in payment of cash by the Company.
Stock option and SARs activity for the years ending December 31, 2009, 2008 and 2007 is as follows (stock options and SARs in
thousands):
Weighted
Average
Stock Weighted Remaining
Options Average Contractual Term Aggregate
and SARs Exercise Price (years) Intrinsic Value
(In millions)
1994 Incentive Equity Plan
Balance at December 31, 2006 750 $ 46.10
Granted — —
Exercised (30) 40.93
Forfeited — —
Expired (75) 46.38
Balance at December 31, 2007 645 $ 46.30
Granted — —
Exercised (2) 9.21
Forfeited — —
Expired (244) 55.35
Balance at December 31, 2008 399 $ 40.96
Granted — —
Exercised — —
Forfeited — —
Expired (200) 45.34
Balance at December 31, 2009 199 $ 36.57 .62 $ —
Vested or expected to vest at December 31, 2009 199 $ 36.57 .62 $ —
Exercisable at December 31, 2009 199 $ 36.57 .62 $ —
2002 Incentive Equity Plan
Balance at December 31, 2006 798 $ 18.33
Granted — —
Exercised (36) 14.36
Forfeited — —
Expired — —
Balance at December 31, 2007 762 $ 18.52
Granted — —
Exercised (2) 6.42
Forfeited — —
Expired (23) 25.08
Balance at December 31, 2008 737 $ 18.34
Granted — —
Exercised — —
Forfeited — —
Expired (17) 19.39
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