Stock Options
We grant stock options primarily in conjunction with business acquisitions. We granted zero, one million, and one million stock options in conjunction with business acquisitions during fiscal years 2011, 2010, and 2009, respectively. Options generally vest over four and one-half years and expire 10 years from the date of grant.
Employee stock options activity during 2011 was as follows:
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Weighted__Average__Exercise_Price'>Shares
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Weighted
Average
Exercise Price
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Weighted
Average
Remaining
Contractual
Term
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Aggregate
Intrinsic
Value
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(In millions)
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(Years)
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(In millions)
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Balance, July 1, 2010
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187
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$
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24.68
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Exercised
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(79
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)
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$
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24.91
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Canceled
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(15
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)
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$
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28.84
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Balance, June 30, 2011
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93
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$
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23.21
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1.04
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$
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312
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Exercisable, June 30, 2011
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92
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$
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23.16
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1.04
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$
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309
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Options outstanding as of June 30, 2011 include approximately two million options that were granted in conjunction with business acquisitions. These options have an exercise price range of $0.01 to $29.24 and a weighted average exercise price of $7.69.
During the periods reported, the following stock option exercise activity occurred:
Employee Stock Purchase Plan
We have an employee stock purchase plan for all eligible employees. Shares of our common stock may be purchased by employees at three-month intervals at 90% of the fair market value on the last day of each three-month period. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period. Employees purchased the following shares during the periods presented:
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(Shares in millions)
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Year Ended June 30,
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2011
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2010
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2009
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Shares purchased
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20
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20
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24
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Average price per share
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$
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22.98
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$
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23.73
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$
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20.13
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Directory: investor -> reportsreports -> United States Securities and Exchange Commission Washington, D. C. 20549 form 10-Kreports -> Dear shareholders, customers, partners and colleaguesreports -> To our shareholders, customers, partners and employeesinvestor -> Microsoft Financial Analyst Meeting 2013 Engineer Leader Panel Moderator: Tami Reller Julie Larson-Green, Kirill Tatarinov, Qi Lu, Satya Nadella, Terry Myerson Bellevue, Washington September 19, 2013 chris suh
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