Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.0.6
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2012
Summary of Activity Under all Share-Based Compensation Plans

The following tables summarize the activity under all share-based compensation plans for the nine months ended September 30, 2012:

 

Stock Options & SARs

   Awards     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value
 
     (In thousands)                   (In millions)  

Outstanding at December 31, 2011(1)

     11,169      $ 22.54         5.5 years       $ 332.8   

Granted

     2,101      $ 45.08         

Exercised

     (1,810   $ 10.24         

Forfeited

     (57   $ 41.60         
  

 

 

         

Outstanding at September 30, 2012(1)

     11,403      $ 28.55         6.1 years       $ 231.3   
  

 

 

         

Exercisable at September 30, 2012(2)

     5,781      $ 18.14         4.2 years       $ 170.6   
  

 

 

         

 

(1) Includes 1.5 million market condition SARs and 0.9 million market and performance condition SARs.
(2) Includes 1.5 million market condition SARs.

The weighted-average grant date fair value of SARs granted during the three months ended September 30, 2012 and 2011 was $16.54 and $17.40, respectively. The weighted-average grant date fair value of SARs granted during the nine months ended September 30, 2012 and 2011 was $15.35 and $19.63, respectively. The total intrinsic value of stock options and SARs exercised during the three months ended September 30, 2012 and 2011 was $2.3 million and $36.8 million, respectively. The total intrinsic value of stock options and SARs exercised during the nine months ended September 30, 2012 and 2011 was $96.6 million and $100.9 million, respectively.

 

Incentive Plan and Independent Directors Stock Units

   Shares     Weighted
Average
Grant Date
Fair Value
 
     (In thousands)        

Outstanding and nonvested December 31, 2011

     717.6      $ 12.25   

Granted

     —          —     

Vested

     (330.1   $ 10.64   

Forfeited

     (0.4   $ 6.82   
  

 

 

   

Outstanding and nonvested at September 30, 2012

     387.1      $ 13.63