Petsmart 2014 Annual Report Download - page 97

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Table of Contents
PetSmart, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements — (Continued)
Year Ended February 3, 2013 (53 weeks)
Shares
Weighted-
Average
Exercise
Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
Outstanding at beginning of year 4,838 $28.66
Granted 649 $58.00
Exercised (1,907) $25.58 $ 70,917
Forfeited/canceled (166) $37.37
Outstanding at end of year 3,414 $35.53 4.28 $ 97,182
Vested and expected to vest at end of year 3,307 $35.10 4.23 $ 95,558
Exercisable at end of year 1,042 $25.73 2.94 $ 39,839
Year Ended January 29, 2012 (52 weeks)
Shares
Weighted-
Average
Exercise
Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
Outstanding at beginning of year 5,985 $23.07
Granted 1,384 $40.82
Exercised (2,306) $21.48 $ 55,431
Forfeited/canceled (225) $28.47
Outstanding at end of year 4,838 $28.66 4.39 $ 120,299
Vested and expected to vest at end of year 4,661 $28.35 4.34 $ 117,289
Exercisable at end of year 1,552 $23.57 2.80 $ 46,489
Restricted Stock Awards and Restricted Stock Units
We may grant restricted stock awards or restricted stock units under the 2011 Equity Incentive Plan. Under the terms of
the plan, employees may be awarded shares or units of our common stock, subject to approval by the Board of Directors. The
shares or units of common stock awarded under the plan are subject to a reacquisition right held by us. In the event that the
award recipient's employment by, or service to, us is terminated for any reason other than death or disability, we are entitled to
simultaneously and automatically reacquire for no consideration all of the unvested shares or units of restricted common stock
previously awarded to the recipient. Restricted stock awards cliff vest after the requisite service period, which is four years for
restricted stock awards and one year for restricted stock awarded to Directors. The shares for restricted stock units are not
issued until cliff vesting on the third anniversary of the grant date.
Activities in our restricted stock awards and restricted stock units plan were as follows (in thousands, except per share
data):
Year Ended
February 2, 2014 (52 weeks) February 3, 2013 (53 weeks) January 29, 2012 (52 weeks)
Shares
Weighted-Average
Grant Date
Fair Value Shares
Weighted-Average
Grant Date
Fair Value Shares
Weighted-Average
Grant Date
Fair Value
Nonvested at beginning of year 220 $57.52 612 $20.20 1,188 $24.85
Granted 236 $62.08 237 $57.83 24 $40.78
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