Sprouts Farmers Market 2014 Annual Report Download - page 109

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Number of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (In Years)
Aggregate
Intrinsic
Value
Outstanding at December 30, 2012 ...... 11,572,990 $ 3.99
Granted ............................. 616,112 14.24
Forfeited ............................ (141,441) 5.24
Exercised ........................... (1,194,999) 3.20 $ 38,628
Outstanding at December 29, 2013 ...... 10,852,662 3.56 4.82 $375,866
Exercisable—December 29, 2013 ....... 8,120,756 3.16 4.65 $284,476
Vested/Expected to vest—December 29,
2013 .............................. 10,754,773 3.52 4.81 $372,822
Number of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (In Years)
Aggregate
Intrinsic
Value
Outstanding at December 29, 2013 ....... 10,852,673 $ 3.56
Granted ............................. 357,088 37.92
Forfeited ............................. (107,990) 6.79
Exercised ............................ (4,216,774) 2.68 $161,688
Outstanding at December 28, 2014 ....... 6,884,997 5.82 3.85 $187,196
Exercisable—December 28, 2014 ........ 6,026,945 4.11 3.65 $186,757
Vested/Expected to vest—December 28,
2014 .............................. 6,852,340 5.75 3.84 $172,957
RSUs
The fair value of RSUs is based on the closing price of the Company’s common stock on the grant
date. RSUs generally vest annually over a period of two or three years. The estimated fair values of RSUs
granted during 2014 range from $28.50 to $39.01.
The following table summarizes RSU activity:
Number of
RSUs
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Contractual
Life (In Years)
Aggregate
Intrinsic
Value
Outstanding at December 29, 2013 ........ — —
Awarded .............................. 111,154 38.80
Released ............................. — —
Forfeited .............................. (8,215) 39.01
Outstanding at December 28, 2014 ........ 102,939 38.79 0.99 $3,369
Expected to vest—December 28, 2014 ..... 97,922 38.79 0.96 $3,205
106