Cardinal Health 2011 Annual Report Download - page 101
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completed on July 17, 2009 with 9.8 million outstanding eligible stock options exchanged for 1.4 million ne
w
o
ptions at an exercise price of
$
31.27. These new options have a new minimum vesting condition of an
a
dditional 12 months, and the term of each new option is the lon
g
er of three
y
ears from the
g
rant date or the
remaining term of the eligible stock option for which it was exchanged. The new options were treated as a
pro
b
a
bl
e-to-pro
b
a
bl
emo
difi
cat
i
on un
d
er t
h
e account
i
ng gu
id
ance
f
or s
h
are-
b
ase
d
compensat
i
on. We
did
no
t
incur incremental ex
p
ense associated with the modification.
A
dj
ustments to Stoc
k
Incentive P
l
ans
I
n connection with the Spin-Off, on August 31, 2009, we adjusted share-based compensation awards grante
d
u
n
d
er t
h
eP
l
ans
i
nto awar
d
s
b
ase
d
on our Common S
h
ares an
d
/or CareFus
i
on common stoc
k
, as app
li
ca
bl
e. Fo
r
purposes of the vestin
g
of these equit
y
awards, continued emplo
y
ment or service with us or with CareFusion is
treated as continued employment for purposes of both our and CareFusion’s equity awards. See Note 17 to th
e
conso
lid
ate
dfi
nanc
i
a
l
statements
i
nt
h
e Annua
l
Report on Form 10-K
f
or
fi
sca
l
2010
f
or an exp
l
anat
i
on o
f
t
h
es
e
a
d
j
ustments.
Th
ea
dj
ustments to stoc
ki
ncent
i
ve p
l
ans were treate
d
as a mo
difi
cat
i
on
i
n accor
d
ance w
i
t
h
s
h
are-
b
ase
d
compensation accountin
gg
uidance and resulted in a total incremental compensation cost of $0.6 million.
Th
e
f
o
ll
ow
i
ng ta
bl
e summar
i
zes t
h
es
h
are-
b
ase
d
compensat
i
on awar
d
s outstan
di
ng as o
f
June 30, 2011
:
O
ur Award
s
C
areFus
i
on Awards
(
in millions
)
S
tock
Op
t
i
on
s
Restr
i
cted
S
hares an
d
S
hare Unit
s
S
tock
Op
t
i
on
s
R
estr
i
cted
S
hares an
d
S
hare Units
H
e
ld b
y our emp
l
oyees an
df
ormer emp
l
oyees
.................
21.8 3.6 5.
9
0.0
H
e
ld by
CareFus
i
on emp
l
o
y
ees .............................
1
.
30
.
0
T
ota
l
.................................................. 2
3
.1
3
.
6
E
m
pl
o
y
ee Savings P
l
ans
S
ubstantiall
y
all of our domestic non-union emplo
y
ees are eli
g
ible to be enrolled in our compan
y
-sponsore
d
contr
ib
utory ret
i
rement sav
i
ngs p
l
ans, w
hi
c
hi
nc
l
u
d
e
f
eatures un
d
er Sect
i
on 401(
k
)o
f
t
h
e Interna
l
Revenue Co
de
o
f 198
6
, as amended, and provide for matchin
g
and profit sharin
g
contributions b
y
us. Our contributions to the
plans are determined b
y
the Board of Directors sub
j
ect to certain minimum requirements as specified in the
p
l
ans
.
T
he followin
g
table summarizes the total expense for our emplo
y
ee retirement savin
g
s plans for fiscal 2011
,
2010 an
d
200
9
:
F
i
scal Year Ended June 30,
(
in millions
)
2011
2010
2009
Emp
l
o
y
ee ret
i
rement sav
i
n
g
sp
l
ans expens
e
........................
$
69.9
$
84.3
$
72.4
75