Foot Locker 2013 Annual Report Download - page 90

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Foot Locker, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
22. Share-Based Compensation − (continued)
Compensation expense related to the Company’s stock options and employee stock purchase plan was $12
million, $10 million, and $8 million for 2013, 2012, and 2011, respectively. As of February 1, 2014, there was
$8 million of total unrecognized compensation cost, net of estimated forfeitures, related to nonvested stock
options, which is expected to be recognized over a remaining weighted-average period of 0.85 years.
The information set forth in the following table covers options granted under the Company’s stock option
plans:
2013 2012 2011
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 5,907 $19.93 7,227 $18.44 7,220 $17.17
Granted 1,154 $34.25 940 $30.96 1,612 $19.13
Exercised (1,328) $20.26 (2,213) $19.67 (1,454) $13.02
Expired or cancelled (65) $29.55 (47) $23.74 (151) $17.38
Options outstanding at end of year 5,668 $22.66 5,907 $19.93 7,227 $18.44
Options exercisable at end of year 3,495 $18.02 3,593 $17.83 4,598 $19.35
Options available for future grant at
end of year 3,267 5,518 7,155
The total intrinsic value of options exercised (the difference between the market price of the Company’s com-
mon stock on the exercise date and the price paid by the optionee to exercise the option) is presented below:
2013 2012 2011
(in millions)
Exercised $21 $29 $15
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:
2013 2012 2011
(in millions)
Outstanding $90 $86 $59
Outstanding and exercisable $72 $60 $33
The Company received $27 million in cash from option exercises for the year ended February 1, 2014. The tax
benefit realized from option exercises was $7 million, $11 million, and $6 million for 2013, 2012, and 2011,
respectively.
67