Stock Compensation Plans | ||||||||
Securities | ||||||||
to be | Weighted | Securities | ||||||
issued | average | available | ||||||
upon | exercise | for future | ||||||
December 31, 2013 (Shares in thousands) | exercise | price | issuance | |||||
Approved by shareowners | ||||||||
Options | 473,247 | $ | 20.02 | (a) | ||||
RSUs | 13,572 | (b) | (a) | |||||
PSUs | 950 | (b) | (a) | |||||
Not approved by shareowners (Consultants’ Plan) | ||||||||
Options | 364 | 25.32 | (c) | |||||
RSUs | - | (b) | (c) | |||||
Total | 488,133 | $ | 20.02 | 404,574 | ||||
(a) In 2007, the Board of Directors approved the 2007 Long-Term Incentive Plan (the Plan), which replaced the 1990 Long-Term Incentive Plan. During 2012, an amendment was approved to increase the number of shares authorized for issuance under the Plan from 500 million shares to 925 million shares. No more than 230 million of the total number of authorized shares may be available for awards granted in any form provided under the Plan other than options or stock appreciation rights. Total shares available for future issuance under the Plan amounted to 376.4 million shares at December 31, 2013.
(b) Not applicable.
(c) Total shares available for future issuance under the Consultants' Plan amount to 28.2 million shares.