Notes to Consolidated Financial Statements
NOTE 14 (3 OF 3)
The following table summarizes information about Verizon's stock options outstanding as of December 31, 2008:
Range of Exercise Prices |
Shares |
Weighted-Average |
|
Weighted-Average |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
$ |
20.00 |
— |
29.99 |
|
|
24 |
3.7 |
years |
|
$ |
27.86 |
|
30.00 |
— |
39.99 |
|
|
19,327 |
4.6 |
|
|
|
36.41 |
|
40.00 |
— |
49.99 |
|
|
54,190 |
2.2 |
|
|
|
44.03 |
|
50.00 |
— |
59.99 |
|
|
60,884 |
1.1 |
|
|
|
54.46 |
|
60.00 |
— |
69.99 |
|
|
342 |
0.8 |
|
|
|
60.48 |
|
|
|
Total |
|
|
134,767 |
2.1 |
|
|
|
47.69 |
The total intrinsic value for stock options outstanding was not significant as of December 31, 2008. The total intrinsic value for stock options exercised was $147 million in 2007 and not significant in 2008 and 2006. The amount of cash received from the exercise of stock options was not significant in 2008, $1,274 million in 2007 and $101 million in 2006, respectively. The related tax benefits were not significant. The after-tax compensation expense for stock options was not significant for 2007 and 2006. There was no stock option expense for 2008.