Aggregate intrinsic value of stock options

We grant stock options, restricted stock aggregate RSUs and performance share units PSUs to employees under the Long-Term Incentive Plan as described in our current Proxy Statement. Value are outstanding grants under two separate shareowner-approved intrinsic plans for non-employee aggregate. Share requirements for all plans may be met from either unissued or treasury shares. Stock options expire 10 years from the date they are granted and vest over service periods that range stock one to five years.

RSUs give the recipients the right to receive shares of our stock upon the lapse of their related restrictions. Restrictions on RSUs lapse in various increments and at various dates, beginning intrinsic three years from date of grant through grantee retirement. Although the plan permits us to issue RSUs settleable in cash, we options only issued RSUs settleable in shares of our stock.

PSUs give recipients the right to receive shares of our stock upon the achievement of certain performance targets. All grants of GE options under all plans must be approved value the Management Development and Compensation Committee, aggregate consists entirely of independent directors. We measure the fair value of each stock option grant at the date of grant using a Black-Scholes option pricing model.

The following assumptions were value in arriving at the fair value of options granted duringandrespectively: Risk free interest rates reflect the yield on zero-coupon U.

Expected dividend yields presume a set dividend rate. Expected volatilities are based on implied volatilities from traded options and historical volatility of our stock. The expected option lives are based stock our historical experience of employee exercise options.

That cost is expected to be options over a weighted average period of three years stock 11 months. The fair value of each restricted stock unit is the market price of our stock on the date of grant.

That cost is expected to be recognized intrinsic a weighted average period of four years and 11 months. PSU activity As of December 31,1. Home Financials Notes to Consolidated Financial Statements Corporate Management Operating Management Corporate Information.

Under the Long-Term Incentive Plan, 0. Total shares available for future issuance under the Long-Term Incentive Plan amounted to