LinkedIn 2014 Annual Report Download - page 114

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Stock Option Activity
A summary of stock option activity in 2014 is as follows:
Weighted-
Average
Options Outstanding Remaining Aggregate
Weighted- Contractual Intrinsic
Number of Average Term Value
Shares Exercise Price (in years) (in thousands)
Outstanding—December 31, 2013 .......... 5,130,636 $ 34.54
Assumed options from acquisitions ......... 83,797 51.47
Granted ............................. 428,026 208.05
Exercised ........................... (2,371,271) 14.17
Canceled or expired .................... (243,471) 108.65
Outstanding—December 31, 2014 .......... 3,027,717 $ 69.53 6.23 $485,209
Options vested and expected to vest as of
December 31, 2014 .................. 2,922,212 $ 65.45 6.14 $480,199
Options vested and exercisable as of
December 31, 2014 .................. 2,088,190 $ 30.59 5.32 $415,826
Aggregate intrinsic value represents the difference between the Company’s closing stock price of
its Class A common stock and the exercise price of outstanding, in-the-money options. The Company’s
closing stock price as reported on the New York Stock Exchange as of December 31, 2014 was
$229.71. The total intrinsic value of options exercised was approximately $440.3 million, $655.9 million
and $553.5 million for the years ended December 31, 2014, 2013 and 2012, respectively. As of
December 31, 2014, total unrecognized compensation cost, adjusted for estimated forfeitures, related
to unvested stock options was approximately $55.8 million, which is expected to be recognized over
the next 2.56 years.
The following table summarizes information about outstanding and vested stock options as of
December 31, 2014:
Options Outstanding
Options Vested and
Weighted Exercisable
Average
Numbers of Remaining Weighted Weighted
Shares Contractual Average Number of Average
Exercise Price Outstanding Life (Years) Exercise Price Shares Exercise Price
$0.06 - $1.50 ................ 28,501 2.60 $ 1.08 28,501 $ 1.08
$2.32 ..................... 902,415 4.13 2.32 902,415 2.32
$3.00 - $14.46 ............... 355,184 5.45 7.97 351,940 7.99
$14.50 - $19.63 .............. 271,147 6.14 19.30 209,554 19.44
$22.59 ..................... 316,524 6.16 22.59 246,526 22.59
$45.00 - $161.34 ............. 203,379 6.70 74.21 108,324 56.52
$170.46 .................... 524,195 8.08 170.46 175,149 170.46
$172.02 - $204.04 ............ 322,960 9.06 201.57 54,484 197.48
$207.33 - $233.08 ............ 90,930 9.65 227.93 7,138 222.69
$233.64 .................... 12,482 8.59 233.64 4,159 233.64
3,027,717 6.23 $ 69.53 2,088,190 $ 30.59
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