Foot Locker 2012 Annual Report Download - page 88

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FOOT LOCKER, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
21. Share-Based Compensation − (continued)
The information set forth in the following table covers options granted under the Company’s stock
option plans:
2012 2011 2010
Number of
Shares
Weighted-
Average
Exercise
Price
Number of
Shares
Weighted-
Average
Exercise
Price
Number of
Shares
Weighted-
Average
Exercise
Price
(in thousands, except prices per share)
Options outstanding at
beginning of year 7,227 $18.44 7,220 $17.17 7,002 $16.88
Granted 940 $30.96 1,612 $19.13 1,311 $15.10
Exercised (2,213) $19.67 (1,454) $13.02 (942) $11.65
Expired or cancelled (47) $23.74 (151) $17.38 (151) $20.41
Options outstanding at end
of year 5,907 $19.93 7,227 $18.44 7,220 $17.17
Options exercisable at end
of year 3,593 $17.83 4,598 $19.35 5,088 $18.81
Options available for future
grant at end of year 5,518 7,155 10,339
The total intrinsic value of options exercised (the difference between the market price of the Company’s
common stock on the exercise date and the price paid by the optionee to exercise the option) is
presented below:
2012 2011 2010
(in millions)
Exercised $ 29 $ 15 $ 5
The aggregate intrinsic value for stock options outstanding and for stock options exercisable (the
difference between the Company’s closing stock price on the last trading day of the period and the exercise
price of the options, multiplied by the number of in-the-money stock options) is presented below:
2012 2011 2010
(in millions)
Outstanding $ 86 $ 59 $ 23
Outstanding and exercisable $ 60 $ 33 $ 13
The Company received $43 million in cash from option exercises for the year ended February 2, 2013. The
tax benefit realized from option exercises was $11 million, $6 million, and $2 million for 2012, 2011, and
2010 respectively.
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