United Healthcare 2015 Annual Report Download - page 88

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Stock Options and SARs
Stock option and SAR activity for the year ended December 31, 2015 is summarized in the table below:
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual Life
Aggregate
Intrinsic Value
(in millions) (in years) (in millions)
Outstanding at beginning of period .................. 33 $ 53
Granted ....................................... 9 110
Exercised ...................................... (7) 53
Forfeited ...................................... (1) 80
Outstanding at end of period ....................... 34 68 6.0 $ 1,666
Exercisable at end of period ....................... 16 47 3.4 1,133
Vested and expected to vest, end of period ............ 33 67 5.9 1,646
Restricted Shares
Restricted share activity for the year ended December 31, 2015 is summarized in the table below:
(shares in millions) Shares
Weighted-Average
Grant Date
Fair Value
per Share
Nonvested at beginning of period .......................................... 9 $ 61
Granted ............................................................... 3 110
Vested ................................................................ (5) 62
Nonvested at end of period ................................................ 7 82
Other Share-Based Compensation Data
(in millions, except per share amounts)
For the Years Ended
December 31,
2015 2014 2013
Stock Options and SARs
Weighted-average grant date fair value of shares granted, per share ................... $ 22 $ 22 $ 19
Total intrinsic value of stock options and SARs exercised ........................... 482 526 592
Restricted Shares
Weighted-average grant date fair value of shares granted, per share ................... 110 71 58
Total fair value of restricted shares vested ....................................... $460 $437 $ 31
Employee Stock Purchase Plan
Number of shares purchased ..................................................223
Share-Based Compensation Items
Share-based compensation expense, before tax ................................... $406 $364 $331
Share-based compensation expense, net of tax effects .............................. 348 314 239
Income tax benefit realized from share-based award exercises ....................... 247 231 206
(in millions, except years) December 31, 2015
Unrecognized compensation expense related to share awards ........................... $ 469
Weighted-average years to recognize compensation expense ........................... 1.3
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