Indd b 17 12012 420 pm 12012 420 pm confirming pages

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Unformatted text preview: to repurchasing shares on the open market. Stock Option Agreements Restricted Stock Awards spi2532X_appB_B1-B24.indd B-17 spi2532X_appB_B1-B24.indd B-17 1/20/12 4:20 PM 1/20/12 4:20 PM Confirming Pages B-18 APPENDIX B Dell Annual Report (selected pages) DELL INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Acceleration of Vesting of Options Stock Option Activity The following table summarizes stock option activity for the Stock Plans during Fiscal 2011: Options outstanding — January 29, 2010 Granted Exercised Forfeited Cancelled/expired Options outstanding — January 28, 2011 Vested and expected to vest (net of estimated forfeitures) — January 28, 2011(a) Exercisable — January 28, 2011(a) WeightedNumber Average of Exercise Options Price (in millions) (per share) 205 $ 30.00 17 14.82 (1) 9.18 (2) 13.85 (58) 36.44 161 $ 26.49 158 139 $ $ 26.73 28.61 WeightedAverage Remaining Contractual Term (in years) 3.7 3.0 Aggregate Intrinsic Value (in millions) $ $ 33 10 (a) For options vested and expected to vest and options exercisable, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between Dell's closing stock price on January 28, 2011, and the exercise price multiplied by the number of in-the-money options) that would have been received by the option holders had the holders exercised their options on January 28, 2011. The intrinsic value changes based on changes in the fair market value of Dell's common stock. The following table summarizes stock option activity for the Stock Plans during Fiscal 2010: Options outstanding — January 30, 2009 Granted Exercised Forfeited Cancelled/expired Options outstanding — January 29, 2010 Vested and expected to vest (net of estimated forfeitures) — January 29, 2010(a) Exercisable — January 29, 2010(a) WeightedNumber Average of Exercise Options Price (in millions) (per share) 230 $ 31.85 11 9.83 12.05 14.73 (36) 35.59 205 $ 30.00 204 194 $ $ 30.15 31.16 WeightedAverage Remaining Contractual Term (in years) 3.5 3.1 Aggregate Intrinsic Value (in millions) $ $ 35 1 (a) For options vested and expected to vest and options exercisable, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between Dell's closing stock price on January 29, 2010, and the exercise price multiplied by the numbe...
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This document was uploaded on 02/22/2014 for the course ACCT 6330 at University of Texas at Dallas, Richardson.

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