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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
StockOptionActivity
TheCompanyissuesnewordinarysharesuponexerciseofstockoptions.Thefollowingisasummaryofoptionactivities:
TheaggregateintrinsicvalueiscalculatedasthedifferencebetweentheexercisepriceoftheunderlyingawardsandthequotedpriceoftheCompany's
ordinarysharesfortheoptionsthatwerein-the-moneyatJuly3,2015.Duringfiscalyears2015,2014,and2013,theaggregateintrinsicvalueofoptionsexercised
undertheCompany'sstockoptionplanswas$92million,$140millionand$272million,respectively,determinedasofthedateofoptionexercise.Theaggregate
fairvalueofoptionsvestedduringfiscalyear2015wasapproximately$10million.
AtJuly3,2015,thetotalcompensationcostrelatedtooptionsgrantedtoemployeesbutnotyetrecognizedwasapproximately$18million,netofestimated
forfeituresofapproximately$1million.Thiscostisbeingamortizedonastraight-linebasisoveraweighted-averageremainingtermofapproximately2.6years
andwillbeadjustedforsubsequentchangesinestimatedforfeitures.
NonvestedAwardsActivity
Thefollowingisasummaryofnonvestedawardactivitieswhichdonotcontainaperformancecondition:
AtJuly3,2015,thetotalcompensationcostrelatedtononvestedawardsgrantedtoemployeesbutnotyetrecognizedwasapproximately$151million,netof
estimatedforfeituresofapproximately$8million.
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Options
Numberof
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(Inmillions) (Inyears) (DollarsInmillions)
OutstandingatJune27,2014 6.4 $ 19.80 3.8 $ 238
Granted 1.2 $ 59.47
Exercised (2.1) $ 17.00
Forfeitures (0.6) $ 41.36
Expirations — —
OutstandingatJuly3,2015 4.9 $ 27.94 3.6 $ 110
VestedandexpectedtovestatJuly3,2015 4.8 $ 27.43 3.6 $ 107
ExercisableatJuly3,2015 2.8 $ 14.48 2.3 $ 93
NonvestedAwards
Numberof
Shares
Weighted-
Average
Grant-
Date
FairValue
(Inmillions)
NonvestedatJune27,2014 7.0 $ 32.05
Granted 1.2 $ 58.93
Forfeitures (0.4) $ 41.56
Vested (2.6) $ 28.76
NonvestedatJuly3,2015 5.2 $ 39.73