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Notes to Consolidated Financial Statements
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing
stock price of $23.07 as of July 30, 2010, which would have been received by the option holders had those option holders
exercised their stock options as of that date. The total number of in-the-money stock options exercisable as of July 31, 2010 was
500 million. As of July 25, 2009, 768 million outstanding stock options were exercisable and the weighted-average exercise price
was $24.16.
Restricted Stock and Stock Unit Awards A summary of the restricted stock and stock unit activity is as follows (in millions, except
per-share amounts):
Restricted Stock/
Stock Units
Weighted-Average
Grant Date Price
per Share
Aggregated Fair
Market Value
BALANCE AT JULY 28, 2007 11 $ 22.52
Granted and assumed 4 27.29
Vested (4) 22.49 $ 83
Canceled/forfeited (1) 24.24
BALANCE AT JULY 26, 2008 10 $ 24.27
Granted and assumed 57 20.90
Vested (4) 23.56 $ 69
Canceled/forfeited (1) 22.76
BALANCE AT JULY 25, 2009 62 $ 21.25
Granted and assumed 54 23.40
Vested (16) 21.56 $ 378
Canceled/forfeited (3) 22.40
BALANCE AT JULY 31, 2010 97 $ 22.35
Share-Based Awards Available for Grant A summary of share-based awards available for grant is as follows (in millions):
Share-Based Awards
Available for Grant
BALANCE AT JULY 28, 2007 294
Options granted and assumed (159)
Restricted stock, stock units, and other share-based awards granted and assumed (11)
Share-based awards canceled/forfeited/expired 27
Additional shares reserved 211
BALANCE AT JULY 26, 2008 362
Options granted and assumed (14)
Restricted stock, stock units, and other share-based awards granted and assumed (140)
Share-based awards canceled/forfeited/expired 38
Additional shares reserved 7
BALANCE AT JULY 25, 2009 253
Options granted and assumed (15)
Restricted stock, stock units, and other share-based awards granted and assumed (81)
Share-based awards canceled/forfeited/expired 123
Additional shares reserved 15
BALANCE AT JULY 31, 2010 295
As reflected in the preceding table, for each share awarded as restricted stock or subject to a restricted stock unit award under the
2005 Plan, beginning November 15, 2007 and prior to November 12, 2009, an equivalent of 2.5 shares was deducted from the
available share-based award balance. Effective as of November 12, 2009, the equivalent number of shares was revised to 1.5
shares for each share awarded as restricted stock or subject to a restricted stock unit award under the 2005 Plan beginning on this
date.
2010 Annual Report 69