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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Restricted Stock Unit Awards
Information with respect to outstanding restricted stock unit activity is as follows:
As of December 26, 2009, there was $1.2 billion in unrecognized compensation costs related to restricted stock units granted
under our equity incentive plans. We expect to recognize those costs over a weighted average period of 1.4 years.
Stock Option Awards
Options outstanding that have vested and are expected to vest as of December 26, 2009 are as follows:
Options with a fair value of $288 million completed vesting during 2009 ($459 million during 2008 and $1.4 billion during
2007). As of December 26, 2009, there was $282 million in unrecognized compensation costs related to stock options granted
under our equity incentive plans. We expect to recognize those costs over a weighted average period of 1.3 years.
95
Weighted
Average
Number of
Grant
-
Date
Aggregate
(In Millions, Except Per Share Amounts)
Shares
Fair Value
Fair Value
1
December 30, 2006
27.4
$
18.71
Granted
32.8
$
21.13
Vested
2
(5.9
)
$
18.60
$
131
Forfeited
(3.2
)
$
19.38
December 29, 2007
51.1
$
20.24
Granted
32.9
$
19.94
Vested
2
(12.1
)
$
19.75
$
270
Forfeited
(4.6
)
$
20.12
December 27, 2008
67.3
$
20.18
Granted
60.0
$
14.63
Assumed in acquisition
1.6
$
17.52
Vested
2
(20.1
)
$
20.24
$
320
Forfeited
(3.4
)
$
18.19
December 26, 2009
105.4
$
17.03
Expected to vest as of December 26, 2009
3
96.2
$
17.10
1
Represents the value of Intel common stock on the date that the restricted stock units vest. On the grant date, the fair
value for these vested awards was $407 million in 2009 ($239 million in 2008 and $111 million in 2007).
2
The number of restricted stock units vested includes shares that we withheld on behalf of employees to satisfy the
statutory tax withholding requirements.
3
Restricted stock units that are expected to vest are net of estimated future forfeitures.
Weighted Average
Number of
Weighted
Remaining
Aggregate
Shares
Average
Contractual Term
Intrinsic Value
1
(In Millions)
Exercise Price
(In Years)
(In Millions)
Vested
297.7
$
28.44
2.4
$
166
Expected to vest
2
140.8
$
18.57
6.2
280
Total
438.5
$
25.27
3.6
$
446
1
Amounts represent the difference between the exercise price and $20.33, the closing price of Intel common stock on
December 24, 2009, as reported on The NASDAQ Global Select Market*, for all
in
-
the
-
money
options outstanding.
2
Options outstanding that are expected to vest are net of estimated future option forfeitures.