STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Feb. 03, 2013

STOCK-BASED COMPENSATION

Exchanged and Issued Options

On February 3, 2010, as a result of employee elections under the Option Exchange Program, the Company exchanged and issued the following options:

Number of Eligible Options Exchanged	20,484,001
Number of Repriced Options issued in the Option Exchange Program	6,828,025
Number of New $10.00 Options issued in the Option Exchange Program	10,242,002

Summary of Option Activity

A summary of option activity under the HDS Plan is presented below (shares in thousands):

	Number of Shares			Weighted Average Option Price
Outstanding at January 31, 2010		20,899		$	13.13
Granted(1)		21,495			7.66
Exercised		—			—
Canceled(2)		(23,927	)		12.41
Outstanding at January 30, 2011		18,467		$	7.69
Granted		12,485			4.62
Exercised		—			—
Canceled		(1,415	)		6.63
Outstanding at January 29, 2012		29,537		$	6.44
Granted		1,894			8.09
Exercised		(49	)		7.34
Canceled		(1,746	)		7.34
Outstanding at February 3, 2013		29,636		$	6.50

(1)

Includes shares granted in conjunction with the Option Exchange Program

(2)

Includes shares canceled in conjunction with the Option Exchange Program

Option Pricing with Weighted Average Assumptions

	Fiscal Year Ended
	February 3, 2013			January 29, 2012			January 30, 2011
Risk-free interest rate		1.1	%		2.8	%		3.0	%
Dividend yield		0.0	%		0.0	%		0.0	%
Expected volatility factor		47.6	%		46.0	%		48.9	%
Expected option life in years		6.5			6.6			6.8