Under Armour 2014 Annual Report Download - page 83

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A
summary of the Company’s stock options as of December 31, 2014, 2013 and 2012, and changes durin
g
the years then ended is presented below
:
(
In thousands, except per share amounts
)
Year Ended December
31,
2014
2013
2012
N
umber
o
f
S
tock
O
pt
i
on
s
W
e
i
ghted
Avera
g
e
Ex
e
r
c
i
se
Pr
i
c
e
N
umber
o
f
S
tock
O
pt
i
ons
W
e
i
ghted
Avera
g
e
Ex
e
r
c
i
se
Pr
i
c
e
N
umber
o
f
S
toc
k
O
pt
i
ons
W
e
i
ghted
Avera
g
e
Ex
e
r
c
i
se
Pr
i
c
e
O
utstandin
g
,be
g
innin
g
of year 4,272 $ 8.11 6,298 $ 7.66 9,616 $7.0
0
G
ranted, at fair market value — — 20 24.35 — —
E
xercised (1,454) 7.74 (1,822) 6.68 (2,436) 5.09
E
x
p
ired — — — — — —
F
orfeited (7) 1
6
.4
6
(224) 8.41 (882) 7.
60
O
utstand
i
ng, end o
f
yea
r
2
,
811
$
8.28 4
,
272
$
8.11 6
,
298
$
7.66
Op
t
i
ons exerc
i
sable, end o
fy
ea
r
2
,
707
$
7.87 2
,
346
$
7.80 1
,
936
$
6.55
The intrinsic value of stock options exercised durin
g
the
y
ears ended December 31, 2014, 2013 and 2012
was $73.0 million, $44.1 million and $44.5 million, respectivel
y.
T
h
e
f
o
ll
ow
i
n
g
ta
bl
e summar
i
zes
i
n
f
ormat
i
on a
b
out stoc
k
opt
i
ons outstan
di
n
g
an
d
exerc
i
sa
bl
easo
f
Decem
b
er 31
,
2014:
(
In t
h
ousan
d
s, exce
p
t
p
er s
h
are amounts
)
Options Outstandin
g
Options Exercisable
N
umber o
f
Underlyin
g
S
hares
Wei
g
hted
A
verag
e
Exerc
i
s
e
P
ri
ce
P
er
S
har
e
W
ei
g
hted
A
verage
Rema
i
n
i
ng
C
ontractual
Life
(
Years
)
T
ota
l
Intrin
s
i
c
V
a
l
ue
N
umber o
f
Underlyin
g
S
hares
W
ei
g
hted
A
verage
Exerc
i
s
e
P
ri
ce
P
er
S
hare
W
ei
g
hted
A
verage
Rema
i
n
i
ng
C
ontractual
Life
(
Years
)
T
ota
l
Intrin
s
i
c
V
a
l
ue
2
,811
$
8.28 5.01
$
167,623 2,707
$
7.87 4.94
$
162,51
8
R
estricte
dS
toc
k
an
d
Restricte
dS
toc
kU
nits
A
summar
y
o
f
t
h
e Compan
y
’s restr
i
cte
d
stoc
k
an
d
restr
i
cte
d
stoc
k
un
i
ts as o
f
Decem
b
er 31, 2014, 2013 an
d
2012, an
d
c
h
an
g
es
d
ur
i
n
g
t
h
e
y
ears t
h
en en
d
e
di
s presente
db
e
l
ow:
Year Ended December 31,
(
In t
h
ousan
d
s, exce
p
t
p
er s
h
are amounts
)
2
0
1
4
201
3
20
12
N
um
b
er
o
f
Res
tri
c
t
ed
S
hare
s
We
i
ghted
Avera
ge
Fair Valu
e
N
um
b
er
of
Res
tri
c
t
ed
S
hare
s
W
e
i
ghted
Avera
g
e
Fair Valu
e
N
um
b
e
r
o
f
R
es
tri
c
t
ed
S
hares
We
i
ghte
d
A
vera
ge
F
air Value
O
utstand
i
ng, beg
i
nn
i
ng o
f
year
5
,244
$
22.19 4,514
$
19.51 3,292
$
14.5
6
G
ranted 1,061
5
4.17 1,682 26.3
5
2,6
5
8 22.92
Forfeited (9
5
8) 20.98 (410) 17.37 (7
5
8) 16.73
Vested (837) 19.49 (
5
42) 16.76 (678) 11.6
6
O
utstanding, end of yea
r
4
,
510 $30.42 5
,
244 $22.19 4
,
514 $19.51
I
ncluded in the table above are 1.0 million, 1.4 million and 2.0 million
p
erformance-based restricted stock
units awarded to certain executives and key employees under the 200
5
Plan during the years ended December 31
,
2014, 2013 and 2012, respectively. These performance-based restricted stock units have a weighted average fair
value of
$
30.30 and have vesting that is tied to the achievement of certain combined annual operating income
t
arge
t
s.
7
3