Petsmart 2014 Annual Report Download - page 96

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Table of Contents
PetSmart, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements — (Continued)
Dividends
In 2013 and 2012, the Board of Directors declared the following dividends:
Date Declared
Dividend Amount
per Share
Stockholders of
Record Date Payment Date
March 26, 2013 $0.165 May 3, 2013 May 17, 2013
June 14, 2013 $0.165 August 2, 2013 August 16, 2013
September 25, 2013 $0.195 November 1, 2013 November 15, 2013
December 4, 2013 $0.195 January 31, 2014 February 14, 2014
March 14, 2012 $0.14 April 27, 2012 May 11, 2012
June 13, 2012 $0.165 July 27, 2012 August 10, 2012
September 26, 2012 $0.165 October 26, 2012 November 9, 2012
December 7, 2012 $0.165 December 19, 2012 December 31, 2012
On March 19, 2014, the Board of Directors declared a quarterly cash dividend of $0.195 per share payable on May 16,
2014, to stockholders of record on May 2, 2014.
Note 9 — Stock-based Compensation
We have several long-term incentive plans, including plans for stock options, restricted stock, performance share units,
management equity units, and employee stock purchases. Shares issued under our long-term incentive plans are issued from
new shares.
Stock Options
At February 2, 2014, stock option grants representing 2.0 million shares of common stock were outstanding under all of
the stock option plans, and 22.8 million of additional stock options or awards may be issued under the 2011 Equity Incentive
Plan. These grants are made to employees, including officers. Stock options, which are subject to time-based, graduated
vesting at 25% per year, are fully vested on the fourth anniversary of the initial grant date and expire seven years after the
grant date.
Activities in all of our stock option plans were as follows (in thousands, except per share data):
Year Ended February 2, 2014 (52 weeks)
Shares
Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic Value
Outstanding at beginning of year 3,414 $35.53
Granted 609 $62.77
Exercised (1,603) $27.99 $ 66,682
Forfeited/canceled (462) $52.27
Outstanding at end of year 1,958 $46.22 4.35 $ 33,317
Vested and expected to vest at end of year 1,924 $46.00 4.33 $ 33,161
Exercisable at end of year 491 $34.86 3.15 $ 13,823
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