VERIZON COMMUNICATIONS INC | 2013 | FY | 3


The following table summarizes Verizon’s stock option activity:

 

(shares in thousands)    Stock Options     Weighted-
Average
Exercise
Price
 

Outstanding, January 1, 2011

     56,844     $ 44.25  

Exercised

     (7,104     35.00  

Cancelled/Forfeited

     (21,921     51.06  
  

 

 

   

Outstanding, December 31, 2011

     27,819       41.24  

Exercised

     (7,447     35.20  

Cancelled/Forfeited

     (17,054     45.15  
  

 

 

   

Outstanding, December 31, 2012

     3,318       34.69  

Exercised

     (2,253     34.85  

Cancelled/Forfeited

     (82     34.49  
  

 

 

   

Outstanding, December 31, 2013

     983       34.35  
  

 

 

   

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