Dell 2010 Annual Report Download - page 106

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Table of Contents
DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Stock Option Activity
The following table summarizes stock option activity for the Stock Plans during Fiscal 2011:
Weighted-
Weighted- Average
Number Average Remaining Aggregate
of Exercise Contractual Intrinsic
Options Price Term Value
(in millions) (per share) (in years) (in millions)
Options outstanding — January 29, 2010 205 $ 30.00
Granted 17 14.82
Exercised (1) 9.18
Forfeited (2) 13.85
Cancelled/expired (58) 36.44
Options outstanding — January 28, 2011 161 $ 26.49
Vested and expected to vest (net of estimated forfeitures) — January 28, 2011(a) 158 $ 26.73 3.7 $ 33
Exercisable — January 28, 2011(a) 139 $ 28.61 3.0 $ 10
(a) For options vested and expected to vest and options exercisable, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the
difference between Dell's closing stock price on January 28, 2011, and the exercise price multiplied by the number of in-the-money options) that would have been
received by the option holders had the holders exercised their options on January 28, 2011. The intrinsic value changes based on changes in the fair market value of
Dell's common stock.
The following table summarizes stock option activity for the Stock Plans during Fiscal 2010:
Weighted-
Weighted- Average
Number Average Remaining Aggregate
of Exercise Contractual Intrinsic
Options Price Term Value
(in millions) (per share) (in years) (in millions)
Options outstanding — January 30, 2009 230 $ 31.85
Granted 11 9.83
Exercised - 12.05
Forfeited - 14.73
Cancelled/expired (36) 35.59
Options outstanding — January 29, 2010 205 $ 30.00
Vested and expected to vest (net of estimated forfeitures) — January 29, 2010(a) 204 $ 30.15 3.5 $ 35
Exercisable — January 29, 2010(a) 194 $ 31.16 3.1 $ 1
(a) For options vested and expected to vest and options exercisable, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the
difference between Dell's closing stock price on January 29, 2010, and the exercise price multiplied by the number of in-the-money options) that would have been
received by the option holders had the holders exercised their options on January 29, 2010. The intrinsic value changes based on changes in the fair market value of
Dell's common stock.
102