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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
StockOptionActivity
TheCompanyissuesnewordinarysharesuponexerciseofstockoptions.Thefollowingisasummaryofoptionactivities:
TheaggregateintrinsicvalueiscalculatedasthedifferencebetweentheexercisepriceoftheunderlyingawardsandthequotedpriceoftheCompany's
ordinarysharesfortheoptionsthatwerein-the-moneyatJuly1,2016.Duringfiscalyears2016,2015,and2014,theaggregateintrinsicvalueofoptionsexercised
undertheCompany'sstockoptionplanswas$44million,$92millionand$140million,respectively,determinedasofthedateofoptionexercise.Theaggregate
fairvalueofoptionsvestedduringfiscalyear2016wasapproximately$18million.
AtJuly1,2016,thetotalcompensationcostrelatedtooptionsgrantedtoemployeesbutnotyetrecognizedwasapproximately$28million,netofestimated
forfeituresofapproximately$1million.Thiscostisbeingamortizedonastraight-linebasisoveraweighted-averageremainingtermofapproximately2.5years
andwillbeadjustedforsubsequentchangesinestimatedforfeitures.
NonvestedAwardsActivity
Thefollowingisasummaryofnonvestedawardactivitieswhichdonotcontainaperformancecondition:
AtJuly1,2016,thetotalcompensationcostrelatedtononvestedawardsgrantedtoemployeesbutnotyetrecognizedwasapproximately$133million,netof
estimatedforfeituresofapproximately$7million.
104
Options
Numberof
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
 (Inmillions)   (Inyears) (DollarsInmillions)
OutstandingatJuly3,2015   4.9 $ 27.94  3.6 $ 110
Granted   2.6 $ 35.86    
Exercised   (1.5) $ 8.32    
Forfeitures   (0.4) $ 47.03    
Expirations   (0.2) 46.43    
OutstandingatJuly1,2016   5.4 $ 34.91  4.6 $ 14
VestedandexpectedtovestatJuly1,2016   5.3 $ 34.93  4.6 $ 14
ExercisableatJuly1,2016   2.5 $ 27.46  3.2 $ 12
NonvestedAwards
Numberof
Shares
Weighted-
Average
Grant-
Date
FairValue
 (Inmillions)  
NonvestedatJuly3,2015   5.2 $ 39.73
Granted   2.4 $ 41.47
Forfeitures (0.7) $ 45.04
Vested (2.1) $ 30.95
NonvestedatJuly1,2016   4.8 $ 39.95