GOLDMAN SACHS GROUP INC | 2013 | FY | 3


                         
    Year Ended December  
in millions     2013       2012       2011  

Share-based compensation

    $2,039       $1,338       $2,843  
   

Excess net tax benefit related to options exercised

    3       53       55  
   

Excess net tax benefit/(provision) related to share-based awards  1

    94       (11     138  

 

1.

Represents the net tax benefit/(provision) recognized in additional paid-in capital on stock options exercised and the delivery of common stock underlying share-based awards.


gs:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseTableTextBlock

                                     
   

Restricted Stock

Units Outstanding

       

Weighted Average Grant-Date

Fair Value of Restricted Stock

Units Outstanding

 
     
 
 
Future
Service
Required
  
  
  
   
 
 
No Future
Service
Required
  
  
  
       
 
 
Future
Service
Required
  
  
  
   
 
 
No Future
Service
Required
  
  
  

Outstanding, December 2012

    8,689,521  4      15,390,351           $116.07       $121.99  
   

Granted 1, 2

    6,230,961       11,226,808           125.49       120.98  
   

Forfeited

    (785,926     (152,194         120.54       117.56  
   

Delivered 3

          (11,369,831               129.01  
   

Vested 2, 4

    (5,907,687     5,907,687           121.45       121.45  

Outstanding, December 2013

    8,226,869  4      21,002,821           118.91       117.53  

 

1.

The weighted average grant-date fair value of RSUs granted during 2013, 2012 and 2011 was $122.59, $84.72 and $141.21, respectively. The fair value of the RSUs granted during 2013, 2012 and 2011 includes a liquidity discount of 13.7%, 21.7% and 12.7%, respectively, to reflect post-vesting transfer restrictions of up to 4 years.

 

2.

The aggregate fair value of awards that vested during 2013, 2012 and 2011 was $2.26 billion, $1.57 billion and $2.40 billion, respectively.

 

3.

Includes RSUs that were cash settled.

 

4.

Includes restricted stock subject to future service requirements as of December 2013 and December 2012 of 4,768 and 276,317 shares, respectively. 271,549 shares of restricted stock vested during 2013.


gs:ScheduleOfRestrictedStockUnitsVestedAndExpectedToVestTableTextBlock

                         
Exercise Price    
 
Options
Outstanding
  
  
   

 

 
 

Weighted

Average

Exercise
Price

  

  

  
  

   
 

 
 

 

Weighted
Average

Remaining
Life

(years)

  
  

  
  

  

$  75.00 - $  89.99

    34,002,081       $  78.78       5.00  
   

    90.00 -   119.99

                 
   

  120.00 -   134.99

    2,527,036       131.64       1.92  
   

  135.00 -   149.99

                 
   

  150.00 -   164.99

    55,000       154.16       0.17  
   

  165.00 -   194.99

                 
   

  195.00 -   209.99

    5,981,124       202.27       3.48  

Outstanding, December 2013

    42,565,241       99.37       4.60  

us-gaap:ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock

                                 
     
 
Options
Outstanding
  
  
   
 
Weighted Average
Exercise Price
  
  
   
 
 
Aggregate
Intrinsic Value
(in millions)
  
  
  
   
 
 
Weighted Average
Remaining Life
(years)
  
  
  

Outstanding, December 2012

    43,217,111       $  99.51       $1,672       5.55  
   

Exercised

    (579,066     112.43                  

Forfeited

    (71,865     78.78                  

Expired

    (939     96.08                  

Outstanding, December 2013

    42,565,241       99.37       3,465       4.60  

Exercisable, December 2013

    42,565,241       99.37       3,465       4.60  

us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock