Restoration Hardware 2012 Annual Report Download - page 160

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As of February 2, 2013, the total number of shares issuable under the Option Plan and Stock Incentive Plan
was 11,900,671. Awards under the plans reduce the number of shares available for future issuance. Cancellations
and forfeitures of shares previously granted increase the number of shares available for future issuance. The
number of shares available for future issuance under the Stock Incentive Plan as of February 2, 2013 was
3,700,471. There are no more shares available for issuance under the Option Plan.
A summary of stock option activity under the Option Plan and the Stock Incentive Plan for fiscal 2012 is as
follows:
Options
Weighted-Average
Exercise Price
Outstanding—January 28, 2012 — $ —
Granted 8,159,577 41.41
Exercised — —
Forfeited — —
Outstanding—February 2, 2013 8,159,577 $41.41
A summary of additional information about stock options in fiscal 2012 is as follows:
Weighted-average fair value per share of stock options granted $ 6.34
Aggregate intrinsic value of stock options exercised (in thousands) $ —
Fair value of stock options vested (in thousands) $51,063
Information about stock options outstanding, vested or expected to vest, and exercisable as of February 2,
2013 is as follows:
Options Outstanding Options Exercisable
Range of Exercise Prices
Number of
Options
Weighted-
Average
Remaining
Contractual
Life (in years)
Weighted-
Average
Exercise Price
Number of
Options
Weighted-
Average
Exercise Price
$24.00 - $29.00 2,139,425 9.74 $27.52 2,139,425 $27.52
$30.00 - $33.00 66,500 9.89 32.38 — —
$46.50 5,953,652 9.74 46.50 5,953,652 46.50
Total 8,159,577 9.74 $41.41 8,093,077 $41.48
Vested or expected to vest as of
February 2, 2013 8,159,577 9.74 $41.41
The aggregate intrinsic value of options outstanding, options vested or expected to vest, and options
exercisable as of February 2, 2013 was $18.9 million, $18.9 million, and $18.6 million, respectively. Stock
options exercisable as of February 2, 2013 had a weighted-average remaining contractual life of 9.74 years.
As of February 2, 2013, the total unrecognized compensation expense related to unvested options was $0.5
million, which is expected to be recognized on a straight-line basis over a weighted-average period of 3.80 years.
No stock-based compensation cost has been capitalized in the accompanying consolidated financial statements.
NOTE 13—EMPLOYEE BENEFIT PLANS
The Company has a 401(k) plan for its employees who meet certain service and age requirements.
Participants may contribute up to 50% of their salaries limited to the maximum allowed by the Internal Revenue
Service regulations. The Company, at its discretion, may contribute funds to the 401(k) plan. The Company made
no contributions to the 401(k) plan during fiscal 2012, fiscal 2011, or fiscal 2010.
104