CenterPoint Energy 2009 Annual Report Download - page 101

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79
The following tables summarize CenterPoint Energy’s LTIP activity for 2009:
Stock Options
Outstanding Options
Year Ended December 31, 2009
Shares
(Thousands)
Weighted-Average
Exercise Price
Remaining Average
Contractual
Life (Years)
Aggregate
Intrinsic
Value (Millions)
Outstanding at Decembe
r
31, 2008 .....
.
5,856 $ 17.67
Expire
d
............................................
.
(573) 18.28
Cancelled……………………….. (295) 25.63
Exercise
d
.........................................
.
(475) 9.23
Outstandin
g
at Decembe
r
31, 2009 .....
.
4,513 17.95 1.9 $ 14
Exercisable at Decembe
r
31, 2009 ......
.
4,513 17.95 1.9 14
Cash received from stock options exercised was $22 million, $3 million and $4 million for 2007, 2008 and 2009,
respectively.
Performance Awards
Outstanding and Non-Vested Shares
Year Ended December 31, 2009
Shares
(Thousands)
Weighted-Average
Grant Date
Fair Value
Remaining Average
Contractual
Life (Years)
Aggregate
Intrinsic
Value (Millions)
Outstanding at Decembe
r
31, 2008 .......... 2,102 $ 15.37
Grante
d
................................................ 1,219 12.42
Forfeited or cancelle
d
.......................... (222) 13.25
Vested and released to participants ..... (516) 13.08
Outstandin
g
at Decembe
r
31, 2009 .......... 2,583 14.62 1.2 $ 28
The non-vested and outstanding shares displayed in the table above, assumes that shares are issued at the
maximum performance level. The aggregate intrinsic value reflects the impacts of current expectations of
achievement and stock price.
Stock Awards
Outstanding and Non-Vested Stock Shares
Year Ended December 31, 2009
Shares
(Thousands)
Weighted-Average
Grant Date
Fair Value
Remaining Average
Contractual Life
(Years)
Aggregate
Intrinsic
Value (Millions)
Outstanding at Decembe
r
31, 2008 .......... 789 $ 15.33
Grante
d
................................................. 460 12.30
Forfeited or cancelle
d
........................... (9) 14.02
Vested and released to participants ...... (289) 13.73
Outstandin
g
at Decembe
r
31, 2009 .......... 951 14.36 1.3 $ 14
The weighted-average grant-date fair values of awards granted were as follows for 2007, 2008 and 2009:
Year Ended December 31,
2007 2008 2009
Performance awards ...............................
.
$ 18.20 $ 15.40 $ 12.42
Stock awards ..........................................
.
18.29 15.09 12.30