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Table of Contents
VMWARE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Summarized information about EMC stock options outstanding that continue to be held by VMware employees and that are expected to
vest and stock options exercisable at December 31, 2007 is as follows (shares and intrinsic values in thousands):
The aggregate intrinsic values in the preceding table represent the total pre-tax intrinsic values based on EMC’s closing stock price of
$18.53 as of December 31, 2007 which would have been received by the option holders had all in-the-money options been exercised as of that
date.
EMC Restricted Stock
EMC restricted stock includes restricted stock awards and restricted stock units. The following table summarizes restricted stock for grants
to VMware employees of EMC restricted stock in 2007, 2006 and 2005 (shares in thousands):
82
Options Outstanding and Expected to Vest
Options Exercisable
Range of Exercise Price
Number
of
Options
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Number
of
Options
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
$ 0.01
-
$ 5.00
405
5.17
$
1.50
$
6,895
391
5.12
$
1.48
$
6,662
$ 5.01
-
$10.00
240
7.56
8.98
2,290
89
5.83
7.70
968
$10.01
-
$15.00
1,625
7.65
13.07
8,873
514
6.69
12.76
2,970
$15.01
-
$20.00
20
5.18
16.78
39
15
3.61
15.99
39
$20.01
-
$30.00
20
1.71
28.17
—
20
1.71
28.17
—
$30.01
-
$
50.00
44
2.42
35.57
—
44
2.42
35.57
—
$50.01
-
$
70.00
6
2.28
60.81
—
6
2.28
60.81
—
$70.01
-
$
90.00
25
2.74
83.94
—
25
2.74
83.94
—
2,385
6.99
12.12
$
18,097
1,104
5.65
11.45
$
10,639
Expected forfeitures
370
Total options outstanding
2,755
Number
of
Shares
Weighted
Average Grant
Date Fair
Value
Restricted stock at January 1, 2005
978
$
12.33
Granted
7,718
14.04
Vested
(622
)
12.76
Forfeited
(172
)
13.40
Outstanding, December 31, 2005
7,902
13.94
Granted
3,303
12.19
Vested
(1,967
)
13.70
Forfeited
(425
)
13.94
Outstanding, December 31, 2006
8,813
13.34
Granted
48
13.93
Exchanged to VMware restricted stock
(4,697
)
13.14
Vested
(2,661
)
13.47
Forfeited
(221
)
13.72
Restricted stock at December 31, 2007
1,282
13.72