Foot Locker 2014 Annual Report Download - page 91

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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:
2014 2013 2012
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 5,668 $22.66 5,907 $19.93 7,227 $18.44
Granted 849 $46.20 1,154 $34.25 940 $30.96
Exercised (810) $21.74 (1,328) $20.26 (2,213) $19.67
Expired or cancelled (138) $42.55 (65) $29.55 (47) $23.74
Options outstanding at end of year 5,569 $25.89 5,668 $22.66 5,907 $19.93
Options exercisable at end of year 3,759 $19.74 3,495 $18.02 3,593 $17.83
Options vested and expected to vest 5,546 $25.82 5,558 $22.45 5,804 $19.82
Options available for future grant at
end of year 13,911 3,267 5,518
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:
2014 2013 2012
(in millions)
Exercised $22 $21 $29
The aggregate intrinsic value for stock options outstanding, outstanding and exercisable, and vested and
expected to vest (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:
2014 2013 2012
(in millions)
Outstanding $152 $90 $86
Outstanding and exercisable $126 $72 $60
Vested and expected to vest $152 $90 $86
As of January 31, 2015, there was $7 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 1.35 years.
The Company received $17 million in cash from option exercises for the year ended January 31, 2015. The tax
benefit realized from option exercises was $8 million, $7 million, and $11 million for 2014, 2013, and 2012,
respectively.
68