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Stock-Based Compensation (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Stock-Based Compensation    
Schedule of assumptions on which the expense related to stock options granted is based

The expense related to stock options granted in the three months ended March 31, 2013 was based on the assumptions shown in the table below.

 

Risk-free interest rate

 

1.1%

 

Average life of options (years)

 

6.0

 

Volatility

 

32.63%

 

Dividend yield

 

4.3%

 

Fair value per stock option

 

$6.87

 

 

 

 

years ended December 31
  2012
  2011
  2010
 
   

Risk-free interest rate

    1.2 %   2.7 %   2.9 %

Average life of options (years)

    6.0     6.0     6.0  

Volatility

    21.0 %   21.0 %   22.0 %

Dividend yield

    3.6 %   4.1 %   3.2 %

Fair value per stock option

  $ 6.80   $ 6.23   $ 9.24  
   
Summary of AbbVie stock option activity for both AbbVie and Abbott employees

(options in thousands, aggregate intrinsic value in millions)

 

Options

 

Weighted-average
exercise price

 

Weighted-
average
remaining life (in
years)

 

Aggregate
intrinsic value

 

Outstanding at December 31, 2012

 

 

$—

 

 

 

 

 

Options converted on January 1, 2013

 

47,718

 

27.00

 

 

 

 

 

Granted

 

2,169

 

36.01

 

 

 

 

 

Exercised

 

(4,017

)

26.42

 

 

 

 

 

Lapsed

 

(31

)

19.87

 

 

 

 

 

Outstanding at March 31, 2013

 

45,839

 

27.49

 

4.1

 

$616

 

Exercisable at March 31, 2013

 

42,163

 

$27.12

 

3.7

 

$582

 

 

 

(options in thousands, aggregate intrinsic
value in millions)

  Options
  Weighted
average
exercise price

  Weighted
average remaining
life (in years)

  Aggregate
intrinsic value

 
   

Outstanding at December 31, 2011

    25,783   $ 49.77     4.1        

Granted

    944     62.54              

Exercised

    (13,347 )   49.62              

Lapsed

    (95 )   53.88              
   

Outstanding at December 31, 2012

    13,285   $ 50.80     3.7   $ 196  
   

Exercisable at December 31, 2012

    12,329   $ 50.09     3.6   $ 190  
   
Summary of AbbVie RSA and RSU balances for both AbbVie and Abbott employees

(share units in thousands)

 

Share units

 

Weighted-average
grant date fair value

 

Outstanding at December 31, 2012

 

 

$—

 

Awards converted on January 1, 2013

 

15,394

 

27.55

 

Granted

 

5,381

 

35.27

 

Vested

 

(7,134

)

27.29

 

Lapsed

 

(76

)

29.53

 

Outstanding at March 31, 2013

 

13,565

 

$30.74

 

Unvested shares at March 31, 2013

 

13,399

 

$30.78

 

 

 

(share units in thousands)
  Share units
  Weighted average
grant date fair value

 
   

Nonvested shares December 31, 2011

    4,710   $ 50.29  

Granted

    2,749     56.07  

Vested

    (2,164 )   51.23  

Lapsed

    (251 )   48.62  
   

Nonvested shares December 31, 2012

    5,044   $ 53.12