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Table of Contents
Our restricted and deferred stock activity is reflected below:
Note 13. Capital Stock
Our amended and restated articles of incorporation authorize 5.0 billion shares of Class A common stock (“Common Stock”) and
500 million shares of preferred stock. There were no preferred shares issued and outstanding at December 31, 2014, 2013 and
2012. Shares of Common Stock issued, in treasury and outstanding were:
Stock plan awards to employees and non-
employee directors are issued from treasury shares. At December 31, 2014, 154.8 million
shares of Common Stock held in treasury were reserved for stock options and other stock awards.
95
Weighted
-
Average
Weighted
-
Average
Number
Fair Value
Aggregate
of Shares
Grant Date
Per Share
Fair Value
Balance at January 1, 2012
13,617,173
$
28.43
LTIP shares granted
1,321,822
Jan. 3, 2012
37.63
Annual grant to eligible employees
2,171,330
Feb. 23, 2012
38.00
Additional shares issued
1,469,399
Various
29.18
Total shares granted
4,962,551
35.25
$
175 million
Vested
(5,007,098
)
24.80
$
189 million
Forfeited
(1,275,617
)
29.22
Adjustment due to the Spin-Off
(1)
518,902
19.72
Balance at December 31, 2012
12,815,911
21.55
LTIP shares granted
1,542,600
Jan. 2, 2013
26.24
Annual grant to eligible employees
2,335,780
Feb. 20, 2013
27.05
Additional shares issued
1,353,057
Various
22.47
Total shares granted
5,231,437
25.63
$
134 million
Vested
(5,350,073
)
18.82
$
145 million
Forfeited
(1,048,688
)
23.23
Balance at December 31, 2013
11,648,587
24.48
LTIP shares granted
1,143,620
Jan. 2, 2014
34.97
Annual grant to eligible employees
1,991,230
Feb. 19, 2014
34.17
Additional shares issued
935,463
Various
33.15
Total shares granted
4,070,313
34.16
$
139 million
Vested
(4,380,452
)
22.98
$
151 million
Forfeited
(755,808
)
28.14
Balance at December 31, 2014
10,582,640
28.56
(1) In 2012, as a result of the Spin-Off, existing employee stock awards were converted into an equivalent amount of additional Mondelēz International
stock awards in order to preserve the fair value of the overall stock award that was granted.
Shares
Shares Issued
Treasury Shares
Outstanding
Balance at January 1, 2012
1,996,537,778
(228,641,089
)
1,767,896,689
Exercise of stock options and issuance of
other stock awards
–
10,099,153
10,099,153
Balance at December 31, 2012
1,996,537,778
(218,541,936
)
1,777,995,842
Shares repurchased
(82,799,448
)
(82,799,448
)
Exercise of stock options and issuance of
other stock awards
–
10,200,200
10,200,200
Balance at December 31, 2013
1,996,537,778
(291,141,184
)
1,705,396,594
Shares repurchased
(51,931,864
)
(51,931,864
)
Exercise of stock options and issuance of
other stock awards
–
10,176,269
10,176,269
Balance at December 31, 2014
1,996,537,778
(332,896,779
)
1,663,640,999