Investor Presentaiton
FORM 10-K
Our current practice is to issue shares of common stock from treasury shares upon exercise of stock options, distribution of
director deferred compensation and vesting of RSUs. The following table reflects the changes in our treasury shares:
Balance, December 31, 2013
Repurchases
Shares used for:
Stock options/RSUS
Stock applied to exercises or taxes
ESPP
Director deferred stock
Total issued
Balance, December 31, 2014
Repurchases
Shares used for:
Stock options/RSUS ...
Stock applied to exercises or taxes
ESPP
Director deferred stock
Total issued
Balance, December 31, 2015
Repurchases
Shares used for:
Stock options/RSUs
Stock applied to exercises or taxes
ESPP
Director deferred stock
Total issued
Balance, December 31, 2016
Shares available for future grants and reserved for issuance are as follows:
Stock Options
RSUs
Treasury
Shares
658,012,970
61,665,209
(19,503,382)
(5,609,627)
6,618 1,408,701
(1,784,184)
(7,178)
(21,280,948)
(4,200,926) (25,481,874)
694,189,127
51,384,339
(11,953,455)
(3,386,415)
8,562
845,164
(1,532,264)
(7,531)
(13,477,157) (2,541,251) (16,018,408)
729,547,527
35,480,036
(14,516,606) (5,639,666)
1,336,476
(1,362,202)
(13,587)
(15,878,808) (4,303,190) (20,181,998)
744,831,978
Long-Term
December 31, 2016
Director
Employee
Stock
Incentive
Compensation
Shares
Plans
Reserved for issuance
123,296,771
Plans (a)
2,341,272
Purchase
Plan
Total
36,670,572 162,308,615
Shares to be issued upon exercise of outstanding options
and RSUs
(63,715,186)
Available for future grants
59,581,585
(1,026,626)
1,314,646
(283,400) (65,025,212)
36,387,172 97,283,403
(a) Includes 143,645 shares credited to directors' deferred stock accounts that settle in shares of TI common stock. These
shares are not included as grants outstanding as of December 31, 2016.
The effects on cash flows are as follows:
Proceeds from common stock transactions (a)
Tax benefit realized from stock compensation
Reduction to deferred income tax asset.
Excess tax benefit for stock compensation
For Years Ended December 31,
2016
2015
$ 472
$ 255
$ 396
$ 171
2014
$ 554
$ 218
(105)
(81)
(108)
$ 150
$ 90
$ 110
(a) Net of taxes paid for employee shares withheld of $70 million in 2016, $46 million in 2015 and $62 million in 2014.
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TEXAS INSTRUMENTS • 2016 FORM 10-KView entire presentation