Supercuts 2012 Annual Report Download - page 135

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Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
14. SHAREHOLDERS' EQUITY (Continued)
Stock options outstanding and weighted average exercise prices were as follows:
Outstanding options of 651,578 at June 30, 2012 had an intrinsic value (the amount by which the stock price exceeded the exercise or
grant date price) of zero and a weighted average remaining contractual term of 3.4 years. Exercisable options of 593,288 at June 30, 2012 had
an intrinsic value of zero and a weighted average remaining contractual term of 3.0 years. Of the outstanding and unvested options and due to
estimated forfeitures, 54,458 options are expected to vest with a $22.82 per share weighted average grant price and a weighted average
remaining contractual life of 6.5 years that have a total intrinsic value of zero.
All options granted relate to stock option plans that have been approved by the shareholders of the Company. Stock options granted in
fiscal year 2010 were granted under the 2000 and 2004 plan.
132
Options Outstanding
Shares
Weighted
Average
Exercise Price
(in thousands)
Balance, June 30, 2009
1,385
$
25.55
Granted
135
18.90
Cancelled
(337
)
17.74
Exercised
(203
)
15.12
Balance, June 30, 2010
980
29.48
Granted
—
—
Cancelled
(96
)
18.89
Exercised
(46
)
15.04
Balance, June 30, 2011
838
31.48
Granted
—
—
Cancelled
(186
)
27.80
Exercised
—
—
Balance, June 30, 2012
652
$
32.53
Exercisable June 30, 2012
593
$
33.50