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This excerpt taken from the PBG 8-K filed Sep 16, 2009. Stock
Options – Stock options expire after
10 years and generally vest ratably over three years. Stock
options granted to Directors are typically fully vested on the
grant date.
27
Table of Contents
The following table summarizes option activity during the year
ended December 27, 2008:
The aggregate intrinsic value in the table above is before
income taxes, based on the Company’s closing stock price of
$22.00 and $39.96 as of the last business day of the period
ended December 27, 2008 and December 29, 2007,
respectively.
For the years ended December 27, 2008, December 29,
2007 and December 30, 2006, the weighted-average grant-date
fair value of stock options granted was $7.10, $8.19 and $8.75,
respectively. The total intrinsic value of stock options
exercised during the years ended December 27, 2008,
December 29, 2007 and December 30, 2006 was
$21 million, $100 million and $115 million,
respectively.
These excerpts taken from the PBG 10-K filed Feb 27, 2008. Stock
Options – Stock options expire after
10 years and prior to the 2006 grant year, stock options
granted to employees were generally exercisable 25 percent
per year for the first two years, and the remainder after three
years. Beginning in 2006, new stock options granted to employees
generally vest ratably over three years. Stock options granted
to Directors are typically fully vested on the grant date.
The following table summarizes option activity during the year
ended December 29, 2007:
The aggregate intrinsic value in the table above is before
income taxes, based on the Company’s closing stock price of
$39.96 as of the last business day of the period ended
December 29, 2007.
For the years ended December 29, 2007, December 30,
2006 and December 31, 2005, the weighted-average grant-date
fair value of stock options granted was $8.19, $8.75 and $8.68,
respectively. The total intrinsic value of stock options
exercised during the years ended December 29, 2007,
December 30, 2006 and December 31, 2005 was
$100 million, $115 million and $89 million,
respectively.
Stock Options – Stock options expire after 10 years and prior to the 2006 grant year, stock options granted to employees were generally exercisable 25 percent per year for the first two years, and the remainder after three years. Beginning in 2006, new stock options granted to employees generally vest ratably over three years. Stock options granted to Directors are typically fully vested on the grant date. The following table summarizes option activity during the year ended December 29, 2007:
The aggregate intrinsic value in the table above is before income taxes, based on the Company’s closing stock price of $39.96 as of the last business day of the period ended December 29, 2007. For the years ended December 29, 2007, December 30, 2006 and December 31, 2005, the weighted-average grant-date fair value of stock options granted was $8.19, $8.75 and $8.68, respectively. The total intrinsic value of stock options exercised during the years ended December 29, 2007, December 30, 2006 and December 31, 2005 was $100 million, $115 million and $89 million, respectively. | EXCERPTS ON THIS PAGE:
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