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Stock Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2011
Share-based Compensation [Abstract]  
Stock Option Plans
Information related to the active plans as of December 31, 2011 is as follows:
 
Plan Name
Shares
Authorized
 
Shares Available
for Grant
Employee Plans
 
 
 
PulteGroup, Inc. 2004 Stock Incentive Plan
22,000,000

 
7,935,519

PulteGroup, Inc. 2002 Stock Incentive Plan
12,000,000

 
64,655
Stock option activity rollforward
A summary of stock option activity for the three years ended December 31, 2011 is presented below (000’s omitted except per share data):
 
2011
 
2010
 
2009
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
 
Shares
 
Weighted-
Average
Per Share
Exercise Price
Outstanding, beginning of year
24,004

 
$
21

 
26,193

 
$
21

 
20,059

 
$
19

Granted (a)
441

 
$
8

 
1,128

 
$
11

 
8,235

 
$
27

Exercised
—

 
$
—

 
(902
)
 
$
10

 
(756
)
 
$
6

Forfeited
(2,804
)
 
$
15

 
(2,415
)
 
$
21

 
(1,345
)
 
$
45

Outstanding, end of year
21,641

 
$
21

 
24,004

 
$
21

 
26,193

 
$
21

Options exercisable at year end
18,845

 
$
23

 
19,400

 
$
23

 
20,336

 
$
23

Weighted-average per share fair value of
       options granted during the year
$
4.46

 
 
 
$
6.43

 
 
 
$
2.19

 
 
(a)
2009 includes 5.3 million options issued in conjunction with the Centex merger.
Stock options weighted-average remaining contractual lives
The following table summarizes information about the weighted-average remaining contractual lives of stock options outstanding and exercisable at December 31, 2011: 
 
Options Outstanding
 
Options Exercisable
 
Number
Outstanding
(000's omitted)
 
Weighted-
Average
Remaining
Contract Life
(in years)
 
Weighted-
Average
Per Share
Exercise Price
 
Number
Exercisable
(000's omitted)
 
Weighted-
Average Per
Share
Exercise Price
$0.01 to $11.00
2,683

 
6.5

 
$
10

 
2,242

 
$
11

$11.01 to $18.00
8,314

 
4.9

 
$
12

 
5,959

 
$
12

$18.01 to $25.00
3,830

 
1.9

 
$
22

 
3,830

 
$
22

$25.01 to $35.00
3,949

 
3.9

 
$
31

 
3,949

 
$
31

$35.01 to $60.00
2,865

 
3.1

 
$
44

 
2,865

 
$
44

 
21,641

 
4.1

 
$
21

 
18,845

 
$
23
Stock options weighted-average assumptions
The fair value of each option grant is estimated on the date of grant using primarily the Black-Scholes option pricing model with the following weighted-average assumptions:
 
 
Weighted-Average Assumptions
Year Ended December 31,
 
2011
 
2010
 
2009
Expected life of options in years
6.2

 
6.0

 
3.1

Expected stock price volatility
58
%
 
58
%
 
60
%
Expected dividend yield
0.0
%
 
0.0
%
 
0.0
%
Risk-free interest rate
2.7
%
 
2.7
%
 
1.2
%
Restricted stock activity rollforward
A summary of restricted stock activity for the three years ended December 31, 2011 is presented below (000’s omitted, except per share data):
 
 
2011
 
2010
 
2009
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Per Share
Grant Date
Fair Value
Non-vested at beginning of
       year
2,775

 
$
12

 
3,539

 
$
16

 
3,932

 
$
23

Granted
1,032

 
$
8

 
1,552

 
$
11

 
2,182

 
$
12

Vested
(1,242
)
 
$
13

 
(1,541
)
 
$
21

 
(1,957
)
 
$
25

Forfeited
(243
)
 
$
11

 
(775
)
 
$
12

 
(618
)
 
$
14

Non-vested at end of year
2,322

 
$
10

 
2,775

 
$
12

 
3,539

 
$
16
Share unit (performance shares and RSUs) activity rollforward
A summary of share unit (performance shares and RSUs) activity for the three years ended December 31, 2011 is presented below (000’s omitted, except per share data):
 
 
2011
 
2010
 
2009
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
Outstanding, beginning of
       year
140

 
$
12

 
123

 
$
12

 
—

 
$
—

Granted
772

 
$
7

 
133

 
$
12

 
632

 
$
12

Forfeited
—

 
$
—

 
—

 
$
—

 
(269
)
 
$
12

Distributed
(192
)
 
$
9

 
(116
)
 
$
12

 
(240
)
 
$
12

Outstanding, end of year
720

 
$
7

 
140

 
$
12

 
123

 
$
12

Vested, end of year
120

 
$
11

 
140

 
$
12

 
123

 
$
12