Pepsi 2015 Annual Report Download - page 117

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Table of Contents
100
Our PEPunit Activity
PEPunits(a)
Weighted-
Average
Grant-Date
Fair Value
Weighted-
Average
Contractual
Life
Remaining
(years)
Aggregate
Intrinsic
Value(a)
Outstanding at December 27, 2014 953 $ 61.04
Granted (b) 300 $ 68.94
Converted (395) $ 64.36
Forfeited (109) $ 60.22
Actual performance change (c) 72 $ 64.81
Outstanding at December 26, 2015 (d) 821 $ 62.77 1.19 $ 82,546
Expected to vest as of December 26, 2015 763 $ 62.95 1.19 $ 76,751
(a) In thousands.
(b) Grant activity for all PEPunits are disclosed at target.
(c) Reflects the net number of PEPunits above and below target levels based on actual performance measured at the end of the performance
period.
(d) The outstanding PEPunits for which the performance period has not ended as of December 26, 2015, at the threshold, target and maximum
award levels were zero, 0.8 million and 1.4 million, respectively.
Other Share-Based Compensation Data
2015 2014 2013
Stock Options
Total number of options granted (a) 1,884 3,416 2,868
Weighted-average grant-date fair value of options granted $ 10.80 $ 8.79 $ 8.14
Total intrinsic value of options exercised (a) $ 366,188 $ 423,251 $ 471,475
Total grant-date fair value of options vested (a) $ 21,837 $ 42,353 $ 88,750
RSUs/PSUs
Total number of RSUs/PSUs granted (a) 2,759 4,379 4,231
Weighted-average grant-date fair value of RSUs/PSUs granted $ 99.17 $ 80.39 $ 76.30
Total intrinsic value of RSUs/PSUs converted (a) $ 375,510 $ 319,820 $ 294,065
Total grant-date fair value of RSUs/PSUs vested (a) $ 257,831 $ 241,836 $ 236,688
PEPunits
Total number of PEPunits granted (a) 300 387 355
Weighted-average grant-date fair value of PEPunits granted $ 68.94 $ 50.95 $ 68.48
Total intrinsic value of PEPunits converted (a) $ 37,705 $ — $ 3,868
Total grant-date fair value of PEPunits vested (a) $ 22,286 $ 5,072 $ 5,896
(a) In thousands.
As of December 26, 2015 and December 27, 2014, there were approximately 293,000 and 324,000
outstanding awards, respectively, consisting primarily of phantom stock units that were granted under the
PepsiCo Director Deferral Program and will be settled in shares of PepsiCo common stock pursuant to the
LTIP at the end of the applicable deferral period, not included in the tables above.