United Healthcare 2014 Annual Report Download - page 94

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Stock Options and SARs
Stock option and SAR activity for the year ended December 31, 2014 is summarized in the table below:
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual Life
Aggregate
Intrinsic Value
(in millions) (in years) (in millions)
Outstanding at beginning of period .................. 41 $48
Granted ....................................... 8 71
Exercised ...................................... (15) 47
Forfeited ...................................... (1) 62
Outstanding at end of period ....................... 33 53 5.3 $1,569
Exercisable at end of period ....................... 19 45 3.1 1,085
Vested and expected to vest, end of period ............ 32 53 5.3 1,544
Restricted Shares
Restricted share activity for the year ended December 31, 2014 is summarized in the table below:
(shares in millions) Shares
Weighted-Average
Grant Date
Fair Value
per Share
Nonvested at beginning of period .......................................... 11 $50
Granted ............................................................... 4 71
Vested ................................................................ (6) 46
Nonvested at end of period ................................................ 9 61
Other Share-Based Compensation Data
(in millions, except per share amounts)
For the Years Ended
December 31,
2014 2013 2012
Stock Options and SARs
Weighted-average grant date fair value of shares granted, per share ................... $ 22 $ 19 $ 18
Total intrinsic value of stock options and SARs exercised ........................... 526 592 559
Restricted Shares
Weighted-average grant date fair value of shares granted, per share ................... 71 58 52
Total fair value of restricted shares vested ....................................... $437 $ 31 $716
Employee Stock Purchase Plan
Number of shares purchased ..................................................233
Share-Based Compensation Items
Share-based compensation expense, before tax ................................... $364 $331 $421
Share-based compensation expense, net of tax effects .............................. 314 239 299
Income tax benefit realized from share-based award exercises ....................... 231 206 461
(in millions, except years) December 31, 2014
Unrecognized compensation expense related to share awards ........................... $373
Weighted-average years to recognize compensation expense ........................... 1.3
92