Alcoa 2011 Annual Report Download - page 138

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The following tables summarize certain stock option information at December 31, 2011 (number of options and
intrinsic value in millions):
Options Fully Vested and/or Expected to Vest*
Range of
exercise price Number
Weighted
average
remaining
contractual
life
Weighted
average
exercise
price
Intrinsic
Value
$6.12 - $19.93 32.2 5.10 $10.72 $7
$19.94 - $27.71 2.8 1.03 22.56 -
$27.72 - $35.49 4.1 0.94 29.47 -
$35.50 - $47.35 7.7 0.12 37.28 -
Total 46.8 3.67 17.41 $7
* Expected forfeitures are immaterial to the Company and are not reflected in the table above.
Options Fully Vested and Exercisable
Range of
exercise price Number
Weighted
average
remaining
contractual
life
Weighted
average
exercise
price
Intrinsic
Value
$6.12 - $19.93 14.2 3.94 $ 9.32 $4
$19.94 - $27.71 2.8 1.03 22.56 -
$27.72 - $35.49 4.1 0.94 29.47 -
$35.50 - $47.35 7.7 0.12 37.28 -
Total 28.8 2.21 20.90 $4
In addition to stock option awards, the Company grants stock awards and performance share awards, both of which
vest three years from the date of grant. Performance share awards are issued at target and the final award amount is
determined at the end of the performance period.
The following table summarizes the outstanding stock and performance share awards (awards in millions):
Stock
Awards
Performance
Share Awards Total
Weighted
average
FMV
per award
Outstanding, January 1, 2011 6.2 1.5 7.7 $16.80
Granted 2.7 1.3 4.0 16.15
Converted (2.3) - (2.3) 28.78
Forfeited (0.2) (0.1) (0.3) 13.54
Performance share adjustment - 0.2 0.2 14.59
Outstanding, December 31, 2011 6.4 2.9 9.3 13.63
128