Air Canada 2014 Annual Report Download - page 120

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120 2014 Annual Report
A summary of the Long-term Incentive Plan option activity is as follows:
2014 2013
OPTIONS
WEIGHTED
AVERAGE
EXERCISE PRICE/
SHARE OPTIONS
WEIGHTED
AVERAGE
EXERCISE PRICE/
SHARE
Beginning of year 10,079,694 $ 2.47 8,410,403 $ 2.68
Granted 1,170,710 5.41 4,052,085 2.95
Exercised (619,478) 1.99 (2,064,264) 1.44
Expired (237,661) 14.71 (311,655) 21.00
Forfeited (390,290) 2.77 (6,875) 12.18
OUTSTANDING OPTIONS, END OF
YEAR 10,002,975 $ 2.54 10,079,694 $ 2.47
OPTIONS EXERCISABLE, END OF YEAR 2,112,883 $ 1.93 1,609,601 $ 3.61
The weighted average share price on the date of exercise for options exercised in 2014 was $9.20
(2013 – $6.56).
2014 OUTSTANDING OPTIONS 2014 EXERCISABLE OPTIONS
RANGE OF
EXERCISE PRICES
EXPIRY
DATES
NUMBER OF
OPTIONS
OUTSTANDING
WEIGHTED
AVERAGE
REMAINING LIFE
(YEARS)
WEIGHTED
AVERAGE
EXERCISE PRICE/
SHARE
NUMBER OF
EXERCISABLE
OPTIONS
WEIGHTED
AVERAGE
EXERCISE PRICE/
SHARE
$8.51 2015 5,500 1 $ 8.51 5,500 $ 8.51
$0.97 – $1.59 2016 325,000 21.21 325,000 1.21
$1.78 – $1.91 2017 - 3 1.85 – –
$2.34 2018 2,332,237 4 2.34 710,353 2.34
$0.96 – $1.28 2019 2,464,775 50.98 608,750 1.00
$2.49 – $5.69 2020 3,767,719 62.95 463,280 2.96
$5.35 – $8.27 2021 1,107,744 75.42 - -
10,002,975 $ 2.54 2,112,883 $ 1.93
2013 OUTSTANDING OPTIONS 2013 EXERCISABLE OPTIONS
RANGE OF
EXERCISE PRICES
EXPIRY
DATES
NUMBER OF
OPTIONS
OUTSTANDING
WEIGHTED
AVERAGE
REMAINING LIFE
(YEARS)
WEIGHTED
AVERAGE
EXERCISE PRICE/
SHARE
NUMBER OF
EXERCISABLE
OPTIONS
WEIGHTED
AVERAGE
EXERCISE PRICE/
SHARE
$11.08 – 18.60 2014 237,661 1 $ 14.71 237,661 $ 14.71
$8.51 2015 5,500 28.51 5,500 8.51
$0.97 – $1.59 2016 442,500 3 1.30 442,500 1.30
$1.78 – $1.91 2017 31,250 41.85 – –
$2.34 2018 2,612,356 5 2.34 577,828 2.34
$0.96 – $1.28 2019 2,698,342 60.98 346,112 1.00
$2.49 – $5.69 2020 4,052,085 72.95 – –
10,079,694 $ 2.47 1,609,601 $ 3.61