US Airways 2011 Annual Report Download - page 108

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Table of Contents
CRSU award activity for all plans for the year ending December 31, 2011 is as follows (shares in thousands):
Weighted
Number of Average
Shares Fair Value
Nonvested balance at December 31, 2010 — $ —
Granted 1,039 8.14
Vested and released — —
Forfeited (39) 7.42
Nonvested balance at December 31, 2011 1,000 $ 5.07
As of December 31, 2011, the liability related to CRSUs was $1 million, which will continue to be remeasured at fair value at each reporting date until
all awards are vested. As of December 31, 2011, the total unrecognized compensation expense for CRSUs was $4 million and is expected to be recognized
over a weighted average period of 1.3 years.
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 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 SAR award activity for all plans for the years ending December 31, 2011, 2010 and 2009 is as follows (stock options and SARs in
thousands):
Weighted
Average
Stock Weighted Remaining Aggregate
Options Average Contractual Term Intrinsic Value
and SARs Exercise Price (years) (In millions)
Balance at December 31, 2008 8,375 $ 20.02
Granted 3,286 3.23
Exercised — —
Forfeited (312) 11.92
Expired (491) 35.95
Balance at December 31, 2009 10,858 $ 14.44
Granted 562 7.77
Exercised (1,002) 5.73
Forfeited (51) 7.12
Expired (410) 34.32
Balance at December 31, 2010 9,957 $ 14.09
Granted 986 7.92
Exercised (128) 7.47
Forfeited (27) 7.44
Expired (254) 23.26
Balance at December 31, 2011 10,534 $ 13.38 4.6 $ 5.5
Vested or expected to vest at December 31, 2011 10,489 $ 13.41 4.6 $ 5.5
Exercisable at December 31, 2011 8,128 $ 15.62 4.4 $ 3.5
105