Autodesk 2013 Annual Report Download - page 145

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As of January 31, 2013, total compensation cost of $34.8 million related to non-vested options is expected to be
recognized over a weighted average period of 1.0 year. 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, 2013, 2012 and 2011:
Fiscal year ended
January 31,
2013 2012 2011
Intrinsic value of options exercised (1) $ 90.9 $ 85.7 $ 61.9
Weighted average grant date fair value per share of stock options granted (2) $ 13.39 $ 14.04 $ 9.30
——————
(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 vested and exercisable, and outstanding at January 31, 2013:
Options Vested and Exercisable Options Outstanding
Number of
Shares
(in millions)
Weighted
average
contractual
life
(in years)
Weighted
average
exercise
price per
share
Aggregate
intrinsic
value(1)
(in millions)
Number of
Shares
(in millions)
Weighted
average
contractual
life
(in years)
Weighted
average
exercise
price per
share
Aggregate
intrinsic
value(1)
(in millions)
Range of per-share
exercise prices:
$2.28 - $20.69 3.3 $ 14.59 3.9 $ 14.85
$21.89 - $29.50 2.4 28.54 4.5 28.92
$29.56 - $41.62 3.9 35.98 6.5 37.93
$42.39 - $48.72 3.4 45.36 3.9 45.16
$49.80 - $49.80 0.2 49.80 0.2 49.80
13.2 2.7 $ 31.80 $ 120.8 19.0 3.8 $ 32.69 $ 153.4
____________________
(1) Represents the total intrinsic value, based on Autodesk’s closing stock price of $38.88 per share as of January 31, 2013, 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 September 2022.
Restricted Stock:
A summary of restricted stock award and restricted stock unit activity for the fiscal year ended January 31, 2013 is as
follows:
Unreleased
Restricted
Stock
Weighted
average grant
date fair value
(in thousands)
Unreleased restricted stock at January 31, 2012 2,184.1 $ 36.65
Granted 3,975.5 33.32
Released (889.5) 37.82
Canceled (249.3) 34.97
Unreleased restricted stock at January 31, 2013 5,020.8 $ 33.89
73
2013 Annual Report