Autodesk 2016 Annual Report Download - page 160

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2016 Form 10-K 88
Stock Options:
A summary of stock option activity for the fiscal year ended January 31, 2016 is as follows:
Number of
Shares
Weighted
average exercise
price per share
Weighted average
remaining
contractual term
Aggregate
Intrinsic
Value (2)
(in millions) (in years) (in millions)
Options outstanding at January 31, 2015 2.7 $ 34.46
Granted (1) ——
Exercised (1.1) 30.88
Canceled/Forfeited ——
Options vested, exercisable and outstanding at January 31, 2016 1.6 $ 37.06 3.7 $ 15.4
Options available for grant at January 31, 2016 19.6
_______________
(1) Autodesk did not grant stock options in the twelve months ended January 31, 2016.
(2) Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $46.82 per share as of January 31, 2016, which
would have been received by the option holders had all option holders exercised their options as of that date.
As of January 31, 2016, compensation cost related to stock options has been fully recognized.
The following table summarizes information about the pre-tax intrinsic value of options exercised during the fiscal years
ended January 31, 2016, 2015, and 2014:
Fiscal year ended January 31,
2016 2015 2014
Pre-tax intrinsic value of options exercised (1) $ 32.6 $ 67.6 $ 149.0
——————
(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.
The following table summarizes information about options vested and exercisable, and outstanding at January 31, 2016:
Number of Shares
(in millions)
Weighted average
exercise price per
share
Range of per-share exercise prices:
$12.31 - $34.70 0.5 $ 27.34
$36.06 - $41.62 0.6 40.62
$42.39 - $43.81 0.5 43.80
1.6 $ 37.06
These options will expire if not exercised at specific dates ranging through September 2022.
2016 Annual Report