| Summary of Incentive Equity Awards |
The activity related to the Company’s incentive equity awards for the fiscal years ended June 30, 2015, 2014 and 2013 consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Stock Options | | Time-based RSUs | | Performance-based RSUs | | | Number of Options | | Weighted Average Exercise Price | | Number of Shares | | Weighted Average Grant-Date Fair Value | | Number of Shares | | Weighted Average Grant-Date Fair Value | Balances at July 1, 2012 | | 12,381,488 |
| | $ | 19.42 |
| | 2,025,569 |
| | $ | 19.61 |
| | 703,195 |
| | $ | 20.39 |
| Granted | | 1,497,855 |
| | 22.51 |
| | 1,093,856 |
| | 21.32 |
| | 246,894 |
| | 21.25 |
| Exercised (a) | | (2,724,439 | ) | | 17.23 |
| | — |
| | — |
| | — |
| | — |
| Vesting of RSUs (b) | | — |
| | — |
| | (907,922 | ) | | 21.62 |
| | (259,431 | ) | | 21.70 |
| Expired/forfeited | | (169,422 | ) | | 18.82 |
| | (124,669 | ) | | 19.38 |
| | (117,835 | ) | | 21.42 |
| Balances at June 30, 2013 | | 10,985,482 |
| | $ | 20.39 |
| | 2,086,834 |
| | $ | 19.65 |
| | 572,823 |
| | $ | 19.96 |
| Granted | | 1,683,875 |
| | 36.88 |
| | 906,061 |
| | 30.46 |
| | 348,997 |
| | 30.93 |
| Exercised (a) | | (2,686,105 | ) | | 18.46 |
| | — |
| | — |
| | — |
| | — |
| Vesting of RSUs (b) | | — |
| | — |
| | (961,930 | ) | | 17.78 |
| | (237,189 | ) | | 17.73 |
| Expired/forfeited | | (135,961 | ) | | 20.89 |
| | (164,557 | ) | | 21.60 |
| | (22,349 | ) | | 27.10 |
| Balances at June 30, 2014 | | 9,847,291 |
| | $ | 23.73 |
| | 1,866,408 |
| | $ | 25.69 |
| | 662,282 |
| | $ | 26.30 |
| Granted | | 1,075,759 |
| | 50.10 |
| | 748,582 |
| | 39.66 |
| | 254,440 |
| | 35.89 |
| Exercised (a) | | (3,140,921 | ) | | 19.79 |
| | — |
| | — |
| | — |
| | — |
| Vesting of RSUs (b) | | — |
| | — |
| | (945,506 | ) | | 21.89 |
| | (357,515 | ) | | 21.29 |
| Expired/forfeited | | (108,182 | ) | | 26.49 |
| | (143,024 | ) | | 29.81 |
| | (11,342 | ) | | 30.27 |
| Balances at June 30, 2015 (c) | | 7,673,947 |
| | $ | 29.00 |
| | 1,526,460 |
| | $ | 34.51 |
| | 547,865 |
| | $ | 33.94 |
|
| | (a) | Stock options exercised during the fiscal years ended June 30, 2015, 2014 and 2013 had intrinsic values of $86.2 million, $49.9 million and $19.8 million, respectively. |
| | (b) | Time-based RSUs that vested during the fiscal years ended June 30, 2015, 2014 and 2013 had a total fair value of $51.5 million, $36.5 million and $22.1 million, respectively. Performance-based RSUs that vested during the fiscal years ended June 30, 2015, 2014 and 2013 had a total fair value of $19.2 million, $8.9 million and $6.3 million, respectively. |
| | (c) | As of June 30, 2015, the Company’s outstanding “in the money” vested stock options using the fiscal year-end share price of $50.01 (approximately 4.5 million shares) had an aggregate intrinsic value of $120.2 million. As of June 30, 2015, time-based RSUs and performance-based RSUs expected to vest using the fiscal year-end share price of $50.01 (approximately 1.4 million and 0.5 million shares, respectively) had an aggregate intrinsic value of $69.5 million and $26.6 million, respectively. |
|
| Summary of Outstanding and Exercisable Stock Options |
The tables below summarize information regarding the Company’s outstanding and exercisable stock options as of June 30, 2015: | | | | | | | | | | | | | Outstanding Options | | | Options Outstanding | | Weighted Average Remaining Contractual Life | | Weighted Average Exercise Price | Range of Exercise Prices | | $0.01 to $16.00 | | 189,305 |
| | 3.44 | | $ | 14.40 |
| $16.01 to $19.00 | | 740,811 |
| | 1.53 | | $ | 18.04 |
| $19.01 to $22.00 | | 1,049,912 |
| | 4.07 | | $ | 21.25 |
| $22.01 to $25.00 | | 2,568,641 |
| | 6.18 | | $ | 23.08 |
| $25.01 to $28.00 | | 418,016 |
| | 5.04 | | $ | 25.74 |
| $28.01 to $37.00 | | 1,631,503 |
| | 8.60 | | $ | 36.89 |
| $37.01 to $46.00 | | 136,630 |
| | 9.33 | | $ | 44.24 |
| $46.01 to $52.00 | | 939,129 |
| | 9.62 | | $ | 50.95 |
| | | 7,673,947 |
| | 6.38 | | $ | 29.00 |
|
| | | | | | | | | | | | | Exercisable Options | Range of Exercise Prices | | Options Exercisable | | Weighted Average Remaining Contractual Life | | Weighted Average Exercise Price | $0.01 to $16.00 | | 189,305 |
| | 3.44 | | $ | 14.40 |
| $16.01 to $19.00 | | 740,811 |
| | 1.53 | | $ | 18.04 |
| $19.01 to $22.00 | | 1,049,912 |
| | 4.07 | | $ | 21.25 |
| $22.01 to $25.00 | | 1,728,390 |
| | 5.86 | | $ | 23.20 |
| $25.01 to $28.00 | | 380,810 |
| | 4.77 | | $ | 25.71 |
| $28.01 to $37.00 | | 240,140 |
| | 8.53 | | $ | 36.73 |
| $37.01 to $46.00 | | 136,630 |
| | 9.33 | | $ | 44.24 |
| $46.01 to $52.00 | | 3,087 |
| | 9.87 | | $ | 51.43 |
| | | 4,469,085 |
| | 4.78 | | $ | 23.12 |
|
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