The following table summarizes Verizon’s stock option activity:
| (shares in thousands) | Stock Options | Weighted- Average Exercise Price |
||||||
|
Outstanding, January 1, 2011 |
56,844 | $ | 44.25 | |||||
|
Exercised |
(7,104 | ) | 35.00 | |||||
|
Cancelled/Forfeited |
(21,921 | ) | 51.06 | |||||
|
|
|
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|
Outstanding, December 31, 2011 |
27,819 | 41.24 | ||||||
|
Exercised |
(7,447 | ) | 35.20 | |||||
|
Cancelled/Forfeited |
(17,054 | ) | 45.15 | |||||
|
|
|
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|
Outstanding, December 31, 2012 |
3,318 | 34.69 | ||||||
|
Exercised |
(2,253 | ) | 34.85 | |||||
|
Cancelled/Forfeited |
(82 | ) | 34.49 | |||||
|
|
|
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|
Outstanding, December 31, 2013 |
983 | 34.35 | ||||||
|
|
|
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