DSW 2012 Annual Report Download - page 62

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F- 22
Fiscal years ended
February 2, 2013 January 28, 2012 January 29, 2011
Shares WAEP Shares WAEP Shares WAEP
Outstanding beginning of year 2,508 $ 22.43 2,657 $ 20.04 2,504 $ 18.20
Granted 337 $ 54.94 363 $ 38.11 522 $ 26.56
RVI options converted — 73 $ 26.27 —
Increase in options from dividend
adjustment 64 114 —
Exercised (1,002) $ 19.24 (545) $ 17.24 (236) $ 14.35
Forfeited (60) $ 31.64 (154) $ 21.03 (133) $ 21.26
Outstanding end of year 1,847 $ 29.00 2,508 $ 22.43 2,657 $ 20.04
Options exercisable end of year 630 $ 25.52 1,125 $ 22.64 1,029 $ 22.25
As of February 2, 2013: Shares WAEP Weighted Average
Remaining Contract Life Aggregate
Intrinsic Value
Options exercisable 630 $ 25.52 4.6 years $ 26,485
Options expected to vest 1,059 $ 31.19 7.6 years $ 38,517
Options vested and expected to vest 1,689 $ 29.07 6.5 years $ 65,002
Year of Grant
Range of
Exercise Prices Weighted
Average
Remaining
Contract
Life
Options Outstanding Options Exercisable
Min Max Options
Outstanding WAEP
Aggregate
Intrinsic
Value Options
Exercisable WAEP
Aggregate
Intrinsic
Value
2005 - expire in
2015 $17.67 $22.23 2.4 years 134 $17.76 $ 6,689 134 $17.76 $ 6,689
2006 - expire in
2016 $25.86 $29.00 3.6 years 49 $26.12 2,025 49 $26.12 2,025
2007 - expire in
2017 $20.84 $39.88 4.2 years 202 $39.68 5,627 202 $39.68 5,627
2008 - expire in
2018 $ 7.66 $18.30 5.2 years 196 $12.15 10,841 91 $12.37 5,024
2009 - expire in
2019 $ 9.30 $13.99 6.2 years 292 $ 9.40 16,987 55 $ 9.32 3,192
2010 - expire in
2020 $24.67 $24.75 7.1 years 348 $24.71 14,905 69 $24.71 2,944
2011 - expire in
2021 $34.86 $45.41 8.1 years 285 $34.96 9,289 29 $34.92 973
2012 - expire in
2022 $49.13 $59.43 9.1 years 341 $53.34 4,847 1 $49.13 11
Total $ 7.66 $59.43 6.5 years 1,847 $29.00 $ 71,210 630 $25.52 $ 26,485
The aggregate intrinsic value is calculated as the amount by which the fair value of the underlying common shares exceeds the
option exercise price. The total intrinsic value of options exercised during fiscal 2012, 2011 and 2010 was $41.7 million,
$14.5 million and $4.6 million, respectively. The total fair value of options that vested during fiscal 2012, 2011 and 2010 was
$4.8 million, $4.9 million and $4.2 million, respectively.
Restricted Stock Units ("RSUs")- DSW expensed $1.5 million, $1.2 million and $0.3 million, respectively, in fiscal 2012,
2011 and 2010 related to restricted stock units. The weighted average exercise price for all restricted stock units is zero. The
aggregate intrinsic value is calculated as the amount by which the fair value of the underlying common shares exceeds the
Table of Contents DSW INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS