Essentially they create them as they go. Total shares outstanding plus outstanding stock awards: Dec 2011 : 468 million Dec 2012 : 470 million Dec

Essentially they create them as they go. Total shares outstanding plus outstanding stock awards: Dec 2011 : 468 million Dec 2012 : 470 million Dec 2013 : 476 million Dec 2014 : 483 million Dec 2015 : 490 million Dec 2016 : 497 million Dec 2017 : 504 million Dec 2018 : 507 million Dec 2019 : 512 million Dec 2020 : 518 million Existing shareholders lose 1% per year.