Information on stock option activity follows: Net cash proceeds from the exercise of stock options less shares used for withholding taxes and the intrinsic value of options exercised were as follows: Restricted Stock, Restricted Stock Units, and Cash-settled Share- based Units Stock and units settled in stock subject to a restricted period and a purchase price, if any (as determined by the Com- pensation Committee of the Board of Directors), may be granted to key employees under the 2009 Plan. Restricted shares and restricted stock units, up to 50 percent of the value of an individual’s cash incentive award, may also be granted through the EIP. Certain restricted stock and restricted stock unit awards require the employee to deposit personally owned shares (on a one-for-one basis) during the restricted period. Restricted stock and restricted stock units generally vest and become unrestricted four years after the date of grant. Participants are entitled to dividends on such awarded shares and units, but only receive those amounts if the shares or units ultimately vest. The sale or transfer of these shares and units is restricted during the vesting period. Participants holding restricted stock, but not restricted stock units, are entitled to vote on matters submitted to holders of common stock for a vote. Information on restricted stock unit and cash-settled share-based units activity follows: Stock-based compensation expense related to stock option awards was $34.4 million in fiscal 2010, $40.0 million in fiscal 2009, and $52.8 million in fiscal 2008. 69 Annual Report 2010 Share-Settled Units (Thousands) Weighted- Average Grant-Date Fair Value Share-Settled Units (Thousands) Weighted- Average Grant-Date Fair Value Cash-Settled Share-Based Units (Thousands) Weighted- Average Grant-Date Fair Value Equity Classified ..................................................................... Liability Classified ................................................................................................................................................. ............................................................................................................................................................................................................................................................................................................................................................................................ Nonvested as of May 31, 2009 8,782.1 $28.35 317.6 $28.98 1,749.9 $31.70 Granted 2,494.3 28.12 141.0 27.92 2,110.4 27.92 Vested (898.3) 26.02 (17.2) 28.95 (74.3) 29.85 Forfeited or expired (168.3) 29.13 (17.1) 28.85 (82.3) 28.86 ............................................................................................................................................................................................................................................................................................................................................................................................ Nonvested as of May 30, 2010 10,209.8 $28.49 424.3 $28.64 3,703.7 $29.65 2010 2009 2008 Fiscal Year ............................................................................... ............................................................................................................................................................................................................................................................................................................................................................................................ Number of units granted (thousands) 4,745.7 4,348.0 3,904.4 Weighted average price per unit $ 28.03 $ 31.70 $ 29.31 Options Exercisable (Thousands) Weighted- Average Exercise Price Per Share Options Outstanding (Thousands) Weighted- Average Exercise Price Per Share ......................................................................................................................................................................................... Balance as of May 27, 2007 79,011.8 $20.58 107,546.4 $21.54 Granted 10,998.8 29.38 Exercised (12,270.2) 18.75 Forfeited or expired (232.6) 25.21 ......................................................................................................................................................................................... Balance as of May 25, 2008 76,389.2 21.23 106,042.4 22.68 Granted 6,495.4 31.74 Exercised (17,548.4) 19.60 Forfeited or expired (382.4) 27.50 ......................................................................................................................................................................................... Balance as of May 31, 2009 67,619.2 21.96 94,607.0 23.84 Granted 6,779.4 27.99 Exercised (20,013.6) 19.87 Forfeited or expired (268.2) 24.82 ......................................................................................................................................................................................... Balance as of May 30, 2010 47,726.6 $22.89 81,104.6 $25.17 In Millions 2010 2009 2008 Fiscal Year .................................................................. ......................................................................................................................................................................................... Net cash proceeds $388.5 $305.9 $192.0 Intrinsic value of options exercised $271.8 $226.7 $134.4