Crucial 2014 Annual Report Download - page 88

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86
Restricted Stock and Restricted Stock Units ("Restricted Stock Awards")
As of August 28, 2014, there were 13 million shares of Restricted Stock Awards outstanding, of which 1 million were
performance-based Restricted Stock Awards. For service-based Restricted Stock Awards, restrictions generally lapse in one-
fourth increments during each year of employment after the grant date. For performance-based Restricted Stock Awards,
vesting is contingent upon meeting certain performance goals. Restricted Stock Awards activity for 2014 is summarized as
follows:
Number of
Shares
Weighted-
Average Grant
Date Fair
Value Per
Share
Outstanding at August 29, 2013 13 $ 6.49
Granted 7 21.88
Restrictions lapsed (6) 6.29
Cancelled (1) 8.75
Outstanding at August 28, 2014 13 15.08
Expected to vest after August 28, 2014 13 $ 14.91
For the year ended 2014 2013 2012
Weighted-average grant-date fair values per share $ 21.88 $ 6.23 $ 5.43
Aggregate fair values at vesting date 115 17 32
Stock-based Compensation Expense
For the year ended 2014 2013 2012
Stock-based compensation expense by caption:
Cost of goods sold $ 39 $ 27 $ 23
Selling, general and administrative 50 45 47
Research and development 25 18 17
Other 1 1 —
$ 115 $ 91 $ 87
Stock-based compensation expense by type of award:
Stock options $ 61 $ 57 $ 57
Restricted stock awards 54 34 30
$ 115 $ 91 $ 87
Stock-based compensation expense of $9 million and $6 million was capitalized and remained in inventory as of
August 28, 2014 and August 29, 2013, respectively. As of August 28, 2014, $275 million of total unrecognized compensation
costs, net of estimated forfeitures, related to non-vested awards was expected to be recognized through the fourth quarter of
2018, resulting in a weighted-average period of 1.4 years. Stock-based compensation expense in the above presentation does
not reflect any significant income tax benefits, which is consistent with our treatment of income or loss from our U.S.
operations. (See "Income Taxes" note.)