Investor Presentaiton
Director deferred compensation
Directors who retire or resign from the board may receive stock distributions for compensation they elected to defer. Director
deferred stock activity is as follows:
Director Deferred Stock
Outstanding, December 31, 2015
New shares deferred
Issued
Outstanding, December 31, 2016
Employee stock purchase plan
(Shares)
142,913
14,319
(13,587)
143,645
Options outstanding under the employee stock purchase plan as of December 31, 2016, had an exercise price equal to 85 percent
of the fair market value of TI common stock on the date of automatic exercise. The automatic exercise occurred on January 3,
2017, resulting in an exercise price of $62.55 per share. Of the total outstanding options, none were exercisable as of
December 31, 2016.
Employee stock purchase plan transactions are as follows:
Outstanding grants, December 31, 2015
Granted
Exercised
Employee Stock
Purchase Plan
(Shares)
Exercise Price
372,566
$ 46.19
1,273,036
55.51
(1,362,202)
51.50
283,400
62.55
Outstanding grants, December 31, 2016
The weighted average grant date fair values per share of options granted under the employee stock purchase plans in 2016, 2015
and 2014 were $9.79, $7.89 and $7.34, respectively. In 2016, 2015 and 2014, the total intrinsic value of options exercised under
these plans was $12 million per year.
Effect on shares outstanding and treasury shares
Treasury shares were acquired in connection with the board-authorized stock repurchase program. As of December 31, 2016,
$5.80 billion of stock repurchase authorizations remain, and no expiration date has been specified.
TEXAS INSTRUMENTS . 2016 FORM 10-K
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FORM 10-KView entire presentation