Adaptec 2002 Annual Report Download - page 74

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Weighted
Average
Options Number of Exercise
Available Options Price
For Issuance Outstanding Per Share
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Balance at December 31, 1999 2,329,651 25,114,344 $ 15.20
Additional shares reserved 6,442,687
Granted (3,855,369) 3,855,369 $ 132.97
Exercised − (4,059,790) $ 5.46
Expired (12,214) − −
Repurchased 2,012 − −
Cancelled 873,870 (873,870) $ 32.59
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Balance at December 31, 2000 5,780,637 24,036,053 $ 34.91
Additional shares reserved 8,111,005
Granted (14,838,436) 14,838,436 $ 18.51
Exercised − (2,995,129) $ 6.30
Expired (4,504) − −
Repurchased 86,658 − −
Cancelled 3,774,971 (3,774,971) $ 61.92
Cancelled but unavailable (117,285) − −
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Balance at December 31, 2001 2,793,046 32,104,389 $ 26.82
Additional shares reserved 8,284,696
Granted (658,111) 658,111 $ 7.39
Exercised − (964,794) $ 2.76
Expired − − −
Repurchased 14,367 − −
Cancelled 20,652,984 (20,652,984) $ 36.77
Cancelled but unavailable (230,181)
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Balance at December 31, 2002 30,856,801 11,144,722 $ 9.51
===========================================
The following table summarizes information concerning options outstanding and
exercisable for the combined option plans at December 31, 2002:
Options Outstanding Options Exercisable
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Weighted Weighted Weighted
Average Average Average
Remaining Exercise Exercise
Range of Options Contractual Price per Options Price per
Exercise Prices Outstanding Life (years) Share Exercisable Share
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
$ 0.17 −− $ 3.66 2,529,701 4.10 $ 2.75 2,425,027 $ 2.75
$ 3.77 −− $ 7.02 3,719,076 4.55 5.46 3,604,672 5.50
$ 7.05 −− $ 14.61 2,090,661 5.58 9.26 1,949,739 9.16
$ 15.98 2,319,373 6.02 15.98 2,270,572 15.98
$ 18.13 −− $ 189.94 485,911 7.64 45.81 277,940 48.62
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
$ 0.17 −− $ 189.94 11,144,722 5.08 $ 9.51 10,527,950 $ 8.95
==============================================================================
Voluntary stock option exchange offer. On September 26, 2002, the Company
completed an offering to all eligible option holders of an opportunity to
voluntarily exchange certain stock options.
72