Albertsons 2007 Annual Report Download - page 105

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SU
PERVAL
U
IN
C
. and
S
ubsidiaries
N
OTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Other Stock-Based Awards
T
he Compan
y
awards restricted stock to emplo
y
ees under various plans. The restrictions on these awards
g
enerally lapse between one and five years from the date of grant and the expense is recognized over the vestin
g
period. As of February 24, 2007 there was
$
33 of unrecognized compensation expense related to these awards
u
nder the Compan
y
’s stock plans. These awards are expected to be char
g
ed to expense over a wei
g
hted-avera
ge
v
esting period of approximately two years
.
R
estricted stock activit
y
was as follows
:
Restr
i
cte
d
Stoc
k
(In thousands)
(In thousands)
Outstandin
g
, Februar
y
28, 2004 516
G
rante
d
123
R
e
l
ease
d
(
188
)
C
ancele
d
(
3)
Outstanding, February 26, 200
5
44
8
Granted 237
Re
l
eased
(121)
C
ance
l
e
d
(
15
)
Outstandin
g
, Februar
y
2
5
, 2006
5
49
G
rante
d
*
1,
3
6
0
R
e
l
ease
d
(
334
)
C
ancellation
s
(36)
Outstanding, February 24, 2007 1,539
* Fiscal 2007
g
rants include 3
66
unvested restricted stock units to individuals who became emplo
y
ees of th
e
Compan
y
in connection with the Acquisition (See Note 3—Acquisition)
.
F-
39