Dollar Tree, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

STOCK-BASED COMPENSATION PLAN (Tables)

12 Months Ended

Jan. 28, 2017

Jan. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the status of RSUs as of January 28, 2017, and changes during the year then ended:



	Shares		Weighted Average Grant Date Fair Value
Nonvested at January 30, 2016	1,569,421		$	63.24
Granted	897,479		80.13
Vested	(697,780	)	60.83
Forfeited	(149,619	)	76.45
Nonvested at January 28, 2017	1,619,501		$	73.43

Schedule of Share-based Compensation, Stock Options, Activity

The following tables summarize information about options outstanding at January 28, 2017 and changes during the year then ended.



Stock Option Activity
	January 28, 2017
			Weighted
			Average		Weighted	Aggregate
			Per Share		Average	Intrinsic
			Exercise		Remaining	Value
	Shares		Price		Term	(in millions)
Outstanding, beginning of period	1,549,999		$	58.41
Granted	189,543		74.45
Exercised	(613,013	)	54.73
Forfeited	(85,094	)	72.73
Outstanding, end of period	1,041,435		$	62.38	1.3	$	12.2
Options vested at January 28, 2017	664,854		$	55.97	1.2	$	12.0
Options exercisable at end of period	664,854		$	55.97	1.2	$	12.0

Schedule of options outstanding and exercisable, by range of exercise prices



	Options Outstanding				Options Exercisable
	Options				Options
Range of	Outstanding	Weighted Avg.	Weighted Avg.		Exercisable	Weighted Avg.
Exercise	at January 28,	Remaining	Exercise		at January 28,	Exercise
Prices	2017	Contractual Life	Price		2017	Price
$8.91 to $12.66	134,627	1.2	$	10.67	134,627	$	10.67
$12.67 to $48.30	47,807	4.6	32.36		47,807	32.36
$48.31 to $58.58	25,462	2.5	55.03		22,691	54.72
$58.59 to $70.71	365,014	0.6	68.41		290,657	68.48
$70.72 to $93.78	468,525	2.0	76.01		169,072	77.37
$8.91 to $93.78	1,041,435	1.3	$	59.93	664,854	$	55.97

Weighted average assumptions

The weighted average assumptions used in the Black-Scholes option pricing model for awards granted to certain officers in 2016 and converted awards in 2015 are as follows:



	Fiscal 2016			Fiscal 2015
Expected term in years	6.50			2.03
Expected volatility	24.51		%	20.77		%
Annual dividend yield	—		%	—		%
Risk free interest rate	2.09		%	0.60		%
Weighted-average fair value of options granted during the period	$	22.10		$	23.15

The fair value of the employees' purchase rights is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:



	Fiscal 2016		Fiscal 2015		Fiscal 2014
Expected term	3 months		3 months		3 months
Expected volatility	14.6	%	13.2	%	8.8	%
Annual dividend yield	—	%	—	%	—	%
Risk free interest rate	0.4	%	0.2	%	—	%