Quarterly report pursuant to Section 13 or 15(d)

Employee Equity Incentive Plans

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Employee Equity Incentive Plans
 3 Months Ended
Mar. 31, 2012
Employee Equity Incentive Plans [Abstract]  
Employee Equity Incentive Plans [Text Block]

Note 16: Employee Equity Incentive Plans

 

Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests.

 

Under the 2006 Equity Incentive Plan (the 2006 Plan), 596 million shares of common stock have been made available for issuance as equity awards to employees and non-employee directors. A maximum of 394 million of these shares can be awarded as non-vested shares (restricted stock) or non-vested share units (restricted stock units). As of March 31, 2012, 300 million shares remained available for future grant under the 2006 Plan.

 

The 2006 Stock Purchase Plan allows eligible employees to purchase shares of our common stock at 85% of the value of our common stock on specific dates. Rights to purchase shares are granted during the first and third quarters of each year. Under the 2006 Stock Purchase Plan, we made 373 million shares of common stock available for issuance through August 2016. As of March 31, 2012, 244 million shares were available for issuance under the 2006 Stock Purchase Plan.

Restricted Stock Unit Awards

 

Activity with respect to outstanding restricted stock units (RSUs) for the first quarter of 2012 was as follows:

      Weighted
      Average
  Number of   Grant-Date
(In Millions, Except Per RSU Amounts) RSUs   Fair Value
December 31, 2011 107.0   $ 19.18
Granted 4.6   $ 27.36
Vested (2.7)   $ 19.96
Forfeited (1.3)   $ 19.26
March 31, 2012 107.6   $ 19.51

As of March 31, 2012, 5 million of the outstanding restricted stock units were market-based restricted stock units.

       

Stock Option Awards

 

Activity with respect to outstanding stock options for the first quarter of 2012 was as follows:

        Weighted
    Number of   Average
(In Millions, Except Per Option Amounts) Options   Exercise Price
December 31, 2011 298.3   $ 20.12
Granted 3.8   $ 26.79
Exercised (50.1)   $ 20.90
Cancelled and forfeited (1.4)   $ 21.34
Expired (0.9)   $ 30.01
March 31, 2012 249.7   $ 20.02
           
Options exercisable as of:        
  December 31, 2011 203.6   $ 20.44
  March 31, 2012 155.5   $ 20.21

Stock Purchase Plan

 

Employees purchased 10.3 million shares in the first quarter of 2012 (10.3 million shares in the first quarter of 2011) for $197 million ($181 million in the first quarter of 2011) under the 2006 Stock Purchase Plan.