Dollar Tree 2015 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2015 Dollar Tree annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

71
The following tables summarize information about options outstanding at January 30, 2016 and changes during the year
then ended.
Stock Option Activity
January 30, 2016
Weighted
Average Weighted Aggregate
Per Share Average Intrinsic
Exercise Remaining Value (in
Shares Price Term millions)
Outstanding, beginning of period 491,233 $ 15.29
Outstanding Family Dollar options converted
in connection with the Acquisition 1,437,530 67.87
Granted 9,158 76.10
Exercised (298,114) 29.39
Forfeited (89,808) 72.12
Outstanding, end of period 1,549,999 $ 58.41 2.0 $ 35.5
Options vested
at January 30, 2016 1,036,765 $ 51.50 1.7 $ 30.9
Options exercisable at end of period 1,036,765 $ 51.50 1.7 $ 30.9
Options Outstanding Options Exercisable
Options Options
Range of Outstanding Weighted Avg. Weighted Avg. Exercisable Weighted Avg.
Exercise at January 30, Remaining Exercise at January 30, Exercise
Prices 2016 Contractual Life Price 2016 Price
$8.64 to $13.90 205,519 1.8 $ 10.72 205,519 $ 10.72
$13.91 to $48.30 75,908 4.9 26.02 75,908 26.02
$48.31 to $58.97 213,104 2.7 52.06 206,436 51.89
$58.98 to $68.92 679,606 1.3 68.27 432,344 68.38
$68.93 to $81.30 375,862 2.7 76.80 116,558 76.64
$8.64 to $81.30 1,549,999 2.0 $ 58.41 1,036,765 $ 51.50
The intrinsic value of options exercised during 2015, 2014 and 2013 was approximately $13.2 million, $3.7 million and
$5.6 million, respectively.
Employee Stock Purchase Plan
Under the Dollar Tree, Inc. Employee Stock Purchase Plan (ESPP), the Company is authorized to issue up to 8,707,692
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 4,871,632
shares as of January 30, 2016.