Quarterly report pursuant to Section 13 or 15(d)

Employee Equity Incentive Plans

v2.4.1.9
Employee Equity Incentive Plans
 3 Months Ended
Mar. 28, 2015
Employee Benefits and Share-based Compensation [Abstract]  
Employee Equity Incentive Plans [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.
As of March 28, 2015, 254 million shares of common stock remained available for future grant under the 2006 Equity Incentive Plan through June 2016.
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 of common stock are granted during the first and third quarters of each year. As of March 28, 2015, 189 million shares of common stock remained available for issuance under the 2006 Stock Purchase Plan through August 2016.
Share-Based Compensation
Share-based compensation recognized in the first three months of 2015 was $368 million ($283 million in the first three months of 2014).
Restricted Stock Unit Awards
Restricted stock unit activity in the first three months of 2015 was as follows: 
 
 
Number of
RSUs
(In Millions)
 
Weighted Average
Grant-Date
Fair Value
December 27, 2014
 
119.4

 
$
23.89

Granted
 
6.7

 
$
39.05

Vested
 
(3.1
)
 
$
27.52

Forfeited
 
(1.9
)
 
$
23.97

March 28, 2015
 
121.1

 
$
24.63


As of March 28, 2015, 4.8 million of the outstanding restricted stock units were market-based restricted stock units.
Stock Option Awards
Stock option activity in the first three months of 2015 was as follows:
 
 
Number of
Options
(In Millions)
 
Weighted Average
Exercise Price
December 27, 2014
 
77.3

 
$
21.30

Exercised
 
(5.2
)
 
$
20.43

Cancelled and forfeited
 
(0.4
)
 
$
23.07

Expired
 
(0.1
)
 
$
21.97

March 28, 2015
 
71.6

 
$
21.35

Options exercisable as of:
 
 
 
 
December 27, 2014
 
54.7

 
$
20.29

March 28, 2015
 
53.1

 
$
20.41


Stock Purchase Plan
Employees purchased 8.1 million shares of common stock in the first three months of 2015 for $234 million (10.7 million shares of common stock in the first three months of 2014 for $212 million) under the 2006 Stock Purchase Plan.