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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Stock-Based Compensation  
Schedule of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

Aggregate

 

 

 

 

 

Weighted

 

Remaining

 

Intrinsic

 

 

 

 

 

Average

 

Contractual

 

Value

 

 

    

Options

    

Exercise Price

    

Term (in years)

    

(in millions)

 

Options outstanding at January 1, 2016

 

31,136,475

 

$

37.62

 

6.92

 

$

491.0

 

Options granted

 

245,000

 

 

 

 

 

 

 

 

 

Options exercised

 

(650,840)

 

 

 

 

 

 

 

 

 

Options forfeited

 

(48,680)

 

 

 

 

 

 

 

 

 

Options outstanding at March 31, 2016

 

30,681,955

 

 

37.97

 

6.75

 

 

609.9

 

Options granted

 

7,138,450

 

 

 

 

 

 

 

 

 

Options exercised

 

(1,951,432)

 

 

 

 

 

 

 

 

 

Options forfeited

 

(389,400)

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2016

 

35,479,573

 

 

42.52

 

7.27

 

 

534.2

 

Options granted

 

130,000

 

 

 

 

 

 

 

 

 

Options exercised

 

(2,077,253)

 

 

 

 

 

 

 

 

 

Options forfeited

 

(190,540)

 

 

 

 

 

 

 

 

 

Options outstanding at September 30, 2016

 

33,341,780

 

$

43.56

 

7.19

 

$

712.0

 

Vested and non-vested options expected to vest at September 30, 2016

 

31,422,851

 

$

43.09

 

7.11

 

$

685.9

 

Exercisable options at September 30, 2016

 

14,558,550

 

$

32.39

 

5.52

 

$

473.7

 

 

Summary of status of non-vested options and changes during the year

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average Fair 

 

 

 

 

 

Value at Grant

 

 

 

Options

 

Date

 

Non-vested options at January 1, 2016

 

17,323,040

 

$

8.24

 

Options granted

 

245,000

 

 

6.98

 

Options vested

 

(44,400)

 

 

9.82

 

Options forfeited

 

(48,680)

 

 

8.38

 

Non-vested options at March 31, 2016

 

17,474,960

 

 

8.22

 

Options granted

 

7,138,450

 

 

7.40

 

Options vested

 

(5,313,500)

 

 

7.91

 

Options forfeited

 

(389,400)

 

 

8.33

 

Non-vested options at June 30, 2016

 

18,910,510

 

 

7.99

 

Options granted

 

130,000

 

 

7.34

 

Options vested

 

(66,740)

 

 

8.28

 

Options forfeited

 

(190,540)

 

 

8.23

 

Non-vested options at September 30, 2016

 

18,783,230

 

$

7.99

 

 

Summary of activity in the option plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

    

September 30, 

    

September 30, 

 

 

 

2016

 

2015

 

2016

 

2015

 

Total intrinsic value of stock options exercised

 

$

72.7

 

$

3.9

 

$

155.3

 

$

61.8

 

Total fair value of stock options vested

 

 

0.6

 

 

0.4

 

 

43.0

 

 

39.8

 

 

Schedule of restricted share activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average Remaining

 

 

 

Restricted

 

Fair Value at 

 

Amortization Term

 

 

  

Shares

 

Grant Date

 

(in years)

 

Restricted shares outstanding at January 1, 2016

 

17,256

 

$

57.97

 

0.39

 

Restricted shares granted

 

 —

 

 

 —

 

 

 

Restricted shares outstanding at March 31, 2016

 

17,256

 

 

57.97

 

0.15

 

Shares vested and issued

 

(17,256)

 

 

57.97

 

 

 

Restricted shares granted

 

16,905

 

 

57.99

 

 

 

Restricted shares outstanding at June 30, 2016

 

16,905

 

 

57.99

 

0.90

 

Restricted shares granted

 

 —

 

 

 —

 

 

 

Restricted shares outstanding at September 30, 2016

  

16,905

 

$

57.99

 

0.65