TRAVELERS COMPANIES, INC. | 2013 | FY | 3


 

Stock Options
  Number   Weighted
Average
Exercise
Price
  Weighted
Average
Contractual
Life
Remaining
  Aggregate
Intrinsic
Value
($ in millions)
 

Outstanding, beginning of year

    12,596,208   $ 50.58            

Original grants

    1,862,670     78.65            

Exercised

    (3,320,511 )   45.72            

Forfeited or expired

    (67,111 )   63.13            
                       

Outstanding, end of year

    11,071,256   $ 56.68   6.3 Years   $ 375  
                       
                       

Vested at end of year(1)

    7,796,550   $ 53.40   5.6 Years   $ 290  
                   
                   

Exercisable at end of year

    4,888,957   $ 47.05   4.1 Years   $ 213  
                   
                   

(1)
Represents awards for which the requisite service has been rendered, including those that are retirement eligible.

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