Quarterly report pursuant to Section 13 or 15(d)

Employee Equity Incentive Plans

v2.4.0.8
Employee Equity Incentive Plans
 3 Months Ended
Mar. 29, 2014
Employee Benefit And Share-Based Compensation [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Note 13: 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), 719 million shares of common stock are available for issuance as equity awards to employees and non-employee directors through June 2016. A maximum of 517 million of these shares can be awarded as non-vested shares (restricted stock) or non-vested share units (restricted stock units). As of March 29, 2014, 305 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, stockholders made 373 million shares of common stock available for issuance through August 2016. As of March 29, 2014, 206 million shares were available for issuance under the 2006 Stock Purchase Plan.

Restricted Stock Unit Awards
Information with respect to outstanding restricted stock unit (RSU) activity in the first three months of 2014 was as follows: 
 
 
Number of
RSUs
(In Millions)
 
Weighted Average
Grant-Date
Fair Value
December 28, 2013
 
113.3

 
$
22.47

Granted
 
3.6

 
$
26.28

Vested
 
(3.1
)
 
$
23.06

Forfeited
 
(2.7
)
 
$
22.44

March 29, 2014
 
111.1

 
$
22.58


As of March 29, 2014, 3.2 million of the outstanding restricted stock units were market-based restricted stock units.
Stock Option Awards
Information with respect to outstanding stock option activity in the first three months of 2014 was as follows:
 
 
Number of
Options
(In Millions)
 
Weighted Average
Exercise Price
December 28, 2013
 
153.0

 
$
21.10

Granted
 
0.5

 
$
25.08

Exercised
 
(13.9
)
 
$
19.26

Cancelled and forfeited
 
(1.3
)
 
$
23.48

Expired
 
(0.3
)
 
$
31.34

March 29, 2014
 
138.0

 
$
21.26

Options exercisable as of:
 
 
 
 
December 28, 2013
 
111.5

 
$
20.25

March 29, 2014
 
102.3

 
$
20.37


Stock Purchase Plan
Employees purchased 10.7 million shares in the first three months of 2014 for $212 million (11.1 million shares in the first three months of 2013 for $200 million) under the 2006 Stock Purchase Plan.