VISA INC. | 2013 | FY | 3


The following table summarizes the maximum number of performance-based shares which could be earned and related activity for fiscal 2013:
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value (1)
(in millions)
Outstanding at October 1, 2012
526,227

 
$
88.56

 
 
 
 
Granted(2)
230,518

 
$
164.14

 
 
 
 
Vested and earned
(271,418
)
 
$
85.87

 
 
 
 
Unearned
(9,928
)
 
$
85.05

 
 
 
 
Forfeited
(15,500
)
 
$
129.36

 
 
 
 
Outstanding at September 30, 2013
459,899

 
$
126.24

 
1.0
 
$88
(1) 
Calculated by multiplying the closing stock price on the last trading day of fiscal 2013 of $191.10 by the number of instruments.
(2) 
Represents the maximum number of performance-based shares which could be earned.
F

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