Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The question: Stock Options Activity: A, How many stock options were granted in 2016? B, How many stock options were forfeited in 2016? C, How

The question: Stock Options Activity:
A, How many stock options were granted in 2016?
B, How many stock options were forfeited in 2016?
C, How many stock options expired unexercised in 2016?
D, If BOKF perfectly anticipated the rate of forfeiture and the rate of expiration, how many (quantity, not value) of the options forfeited or expired in 2016 were ever charged to compensation expense?
image text in transcribed
image text in transcribed
(12) Share-Based Compensation Plans The sharcholders and Board of Directors of BOK Financial have approved various share-based compensation plans. An independent compensation committee of the Board of Directors determines the number of awards granted to the Chict Executive Olficer and other senior executives. Share-based compensation is granted to other officers and employees as determined by the Chief Executive Officer The following table presents stock options outstanding during 2016, 2015 and 2014 under these plans (in thousands, except for per share data): Average Exerche gate Price Valee Options outstanding at December 31, 2013 Options awarded Options exercised Options foricited Options expired Options outstanding at December 31, 2014 Options awarded Options exercised Options forfened Options expired Options outstanding at December 31, 2015 Optieas awarded Optieas exercised Options ferfeited Optieas expired Optiens outstanding at December 31, 2016 Optiens vested at: (323,004) (15,509) (2.701) 793.891 9.17 45.7 47.98 8,725 (286,678) 7.86 48.90 480,035 49.75 4,821 (249,404) 47.60 5544 53.43 51.95 S (8,009) 6,793 December 31, 2014 Docember 31.201S December 31, 2016 47,633 48KS S 3,889 243.395 93,117 48.17 2,829 The following table summarizcs information concerning currently outstanding and vested stock options Options Vested Welghted Welghted Average Wihted Remmaining Average Number Centractual Eercise Weighted Average Average Remaining Exercise Centractual Exercise Outstasding Life (years) Price Price 36,722 6906 21,138 Life (years) 1.45 1.57 S36.65 48.30 36,722 14.208 36.65 48.30 36.65 48.30 4.33 55,74 55.94 58.76 232 21,138 081 ,628003 $1,570 4.2 3.08 42,4583.62 54.33 55.74 55.94 38.76 54,33 0.03 55.74 2.03 55.94 12.260 1.72 58.76 1.70 The aggregate intrinsic value of options exercisod was $6.2 million for 2016, $5.1 mallion for 2015 and S5.5 million for 2014. 145 (12) Share-Based Compensation Plans The sharcholders and Board of Directors of BOK Financial have approved various share-based compensation plans. An independent compensation committee of the Board of Directors determines the number of awards granted to the Chict Executive Olficer and other senior executives. Share-based compensation is granted to other officers and employees as determined by the Chief Executive Officer The following table presents stock options outstanding during 2016, 2015 and 2014 under these plans (in thousands, except for per share data): Average Exerche gate Price Valee Options outstanding at December 31, 2013 Options awarded Options exercised Options foricited Options expired Options outstanding at December 31, 2014 Options awarded Options exercised Options forfened Options expired Options outstanding at December 31, 2015 Optieas awarded Optieas exercised Options ferfeited Optieas expired Optiens outstanding at December 31, 2016 Optiens vested at: (323,004) (15,509) (2.701) 793.891 9.17 45.7 47.98 8,725 (286,678) 7.86 48.90 480,035 49.75 4,821 (249,404) 47.60 5544 53.43 51.95 S (8,009) 6,793 December 31, 2014 Docember 31.201S December 31, 2016 47,633 48KS S 3,889 243.395 93,117 48.17 2,829 The following table summarizcs information concerning currently outstanding and vested stock options Options Vested Welghted Welghted Average Wihted Remmaining Average Number Centractual Eercise Weighted Average Average Remaining Exercise Centractual Exercise Outstasding Life (years) Price Price 36,722 6906 21,138 Life (years) 1.45 1.57 S36.65 48.30 36,722 14.208 36.65 48.30 36.65 48.30 4.33 55,74 55.94 58.76 232 21,138 081 ,628003 $1,570 4.2 3.08 42,4583.62 54.33 55.74 55.94 38.76 54,33 0.03 55.74 2.03 55.94 12.260 1.72 58.76 1.70 The aggregate intrinsic value of options exercisod was $6.2 million for 2016, $5.1 mallion for 2015 and S5.5 million for 2014. 145

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Budgeting Auditing And Evaluation Functions And Integration In Seven Governments

Authors: Andrew Gray

1st Edition

0765807246, 9780765807243

More Books

Students also viewed these Accounting questions

Question

Employ effective vocal cues Employ effective visual cues

Answered: 1 week ago