Dollar Tree 2014 Annual Report Download - page 76

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60
Stock Options
Stock options granted in 2014, 2013 and 2012 were to directors under the Director Deferred Compensation Plan, vest
immediately and are expensed on the grant date.
The following tables summarize information about options outstanding at January 31, 2015 and changes during the year
then ended.
Stock Option Activity
January 31, 2015
Weighted
Average Weighted Aggregate
Per Share Average Intrinsic
Exercise Remaining Value (in
Shares Price Term millions)
Outstanding, beginning of period 568,818 $ 13.40
Granted 12,150 57.37
Exercised (85,235) 9.04
Forfeited (4,500) 8.42
Outstanding, end of period 491,233 $ 15.29 3.4 $ 27.4
Options vested
at January 31, 2015 491,233 $ 15.29 3.4 $ 27.4
Options exercisable at end of period 491,233 $ 15.29 3.4 $ 27.4
Options Outstanding Options Exercisable
Options Options
Range of Outstanding Weighted Avg. Weighted Avg. Exercisable Weighted Avg.
Exercise at January 31, Remaining Exercise at January 31, Exercise
Prices 2015 Contractual Life Price 2015 Price
$7.21 to $9.71 216,105 2.1 $ 8.88 216,105 $ 8.88
$9.72 to $14.52 192,214 3.5 13.07 192,214 13.07
$14.53 to $19.93 15,516 4.9 17.21 15,516 17.21
$19.94 to $28.36 21,132 5.8 25.09 21,132 25.09
$28.37 to $70.38 46,266 8.1 49.29 46,266 49.29
$7.21 to $70.38 491,233 3.4 $ 15.29 491,233 $ 15.29
The intrinsic value of options exercised during 2014, 2013 and 2012 was approximately $3.7 million, $5.6 million and
$21.8 million, respectively.
Employee Stock Purchase Plan
Under the Dollar Tree, Inc. Employee Stock Purchase Plan (ESPP), the Company is authorized to issue up to 5,278,125
shares of Common Stock to eligible employees. Under the terms of the ESPP, employees can choose to have up to 10% of their
annual base earnings withheld to purchase the Company's common stock. The purchase price of the stock is 85% of the lower
of the price at the beginning or the end of the quarterly offering period. Under the ESPP, the Company has sold 4,786,751
shares as of January 31, 2015.