8.  Stock-Based Compensation

 

We grant stock-based compensation to employees (associates) and non-employee directors under our 2009 Long-Term Incentive Plan (2009 Plan).  As of April 28, 2012, there were approximately six million shares of stock available for future grant under the 2009 Plan.

 

The following table presents total stock-based compensation costs:

 

 

 

(1) Excludes $9 million of stock-based compensation costs reported in restructuring and management transition charges (see Note 10).

 

On March 13, 2012, we made an annual grant of approximately 1.9 million stock options to associates at an option price of $37.63, with a fair value of $11.68 per option and approximately 646,000 time-based restricted stock units to associates with a fair value of $37.63 per restricted stock unit award.