Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v2.4.0.8
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity Under Share-Based Compensation Plans

Stock Options & SARs

   Awards     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value(1)
 
     (In thousands)                   (In millions)  

Outstanding at December 31, 2012(2) (3)

     11,333      $ 28.62         5.9 years       $ 119.1   

Granted

     46      $ 34.05         

Exercised

     (9   $ 10.34         

Forfeited

     (9   $ 44.71         
  

 

 

         

Outstanding at March 31, 2013(2) (3)

     11,361      $ 28.65         5.6 years       $ 151.6   
  

 

 

         

Exercisable at March 31, 2013(2)

     6,235      $ 17.83         3.9 years       $ 126.8   
  

 

 

         

 

(1) The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards.
(2) Includes 1.5 million market condition SARs.
(3) Includes 0.9 million market and performance condition SARs.

 

 

 

Incentive Plan and Independent Directors Stock Units

   Shares     Weighted
Average
Grant Date
Fair Value
 
     (In thousands)        

Outstanding and nonvested December 31, 2012

     321.6      $ 11.70   

Granted

     7.6      $ 35.63  

Vested

     (130.5   $ 8.16   

Forfeited

     —          —     
  

 

 

   

Outstanding and nonvested at March 31, 2013

     198.7      $ 14.93