Autodesk 2012 Annual Report Download - page 134

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As of January 31, 2012, total compensation cost of $74.9 million related to non-vested options is expected to be
recognized over a weighted average period of 1.7 years. The following table summarizes information about the pre-tax intrinsic
value of options exercised, and the weighted average grant date fair value per share of options granted, during the fiscal years
ended January 31, 2012, 2011 and 2010.
Intrinsic value of options exercised (1)
Weighted average grant date fair value per share of stock options granted (2)
Fiscal year ended
January 31,
2012
$ 85.7
$ 14.04
2011
$ 61.9
$ 9.30
2010
$ 18.8
$ 6.13
——————
(1) The intrinsic value of options exercised is calculated as the difference between the exercise price of the option and the market value of the
stock on the date of exercise.
(2) The weighted average grant date fair value per share of stock options granted is calculated, as of the stock option grant date, using the
BSM option pricing model.
The following table summarizes information about options outstanding and exercisable at January 31, 2012:
Range of per-share
exercise prices:
$2.28 - $17.37
$17.39 - $29.49
$29.50 - $37.16
$37.26 - $41.62
$42.01 - $49.80
Options Exercisable
Number of
Shares
(in millions)
3.8
2.6
4.4
2.0
3.9
16.7
Weighted
average
contractual
life
(in years)
2.1
Weighted
average
exercise
price per
share
$ 12.94
25.81
32.94
38.40
45.69
$ 30.98
Aggregate
intrinsic
value(1)
(in millions)
$ 127.7
Options Outstanding
Number of
Shares
(in millions)
5.8
6.1
6.0
5.9
4.6
28.4
Weighted
average
contractual
life
(in years)
4.0
Weighted
average
exercise
price per
share
$ 13.61
27.64
32.72
40.46
45.42
$ 31.39
Aggregate
intrinsic
value(1)
(in millions)
$ 201.3
____________________
(1) Represents the total intrinsic value, based on Autodesk’s closing stock price of $36.00 per share as of January 31, 2012, which would
have been received by the option holders had all option holders exercised their options as of that date.
These options will expire if not exercised at specific dates ranging through December 2021.
Restricted Stock:
A summary of restricted stock award and restricted stock unit activity for the fiscal year ended January 31, 2012 is as
follows:
Unreleased restricted stock at January 31, 2011
Granted
Released
Canceled
Unreleased restricted stock at January 31, 2012
Unreleased
Restricted
Stock
(in thousands)
1,426.8
1,610.5
(707.6)
(145.6)
2,184.1
Weighted
average grant
date fair value
$ 30.43
37.07
25.95
32.37
$ 36.65
During the fiscal year ended January 31, 2012, Autodesk granted approximately 1,594.5 thousand restricted stock units.
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