Description
What was the intrinsic value per share of the options exercised in 2008? options at-the-money
35.6 Million Shares Exercised in 2008 @ $19.42
2008 FV $5.74, Expected life 5 yrs, RiskFree Interest Rate 3%, Voltality 37%, Dividend Yield 2.7%
Explanation & Answer
($ in millions) 2008 2007 2006
Proceeds from stock options exercised
$ 4 $ 45 $ 135
Intrinsic value of stock options exercised
2 47 124
Tax benefit related to stock-based compensation
2 18 48
Excess tax benefits realized on stock-based compensation
1 17 39
As of January 31, 2009, we had $47 million of unrecognized and unearned compensation expense, net of estimated forfeitures, for stock options not yet vested, which will be recognized as expense over the remaining weighted-average vesting period of approximately one year.
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!