Adobe 2003 Annual Report Download - page 47

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47
General Option Information
The following table sets forth the summary of option activity under our stock option program for fiscal years
2003, 2002 and 2001 (in actual amounts):
Outstanding Options
(in actual amounts)
Options
Available for
Grant
Number of
Shares
Weighted
Average
Exercise
Price
December 1, 2000 ................ 26,911,978 45,017,400 $ 38.26
Granted ............................. (19,177,315) 19,177,315 28.38
Exercised........................... ― (4,826,823) 12.55
Canceled ........................... 5,083,575 (5,083,575) 44.89
November 30, 2001.............. 12,818,238 54,284,317 36.66
Granted ............................. (11,973,680) 11,973,680 28.77
Exercised........................... ― (3,688,534) 15.99
Canceled ........................... 4,722,413 (4,722,413) 45.20
November 29, 2002.............. 5,566,971 57,847,050 35.64
Granted ............................. (1,994,130) 1,994,130 33.12
Exercised........................... ― (7,978,054) 23.81
Canceled ........................... 9,388,535 (9,393,473) 58.00
Expired.............................. (8,006) ― ―
November 28, 2003.............. 12,953,370 42,469,653 32.80
The following table sets forth a comparison, as of November 28, 2003, of the number of shares subject to our
options whose exercise prices were at or below the closing price of our common stock on November 28, 2003 (“In-
the-Money” options) to the number of shares subject to options whose exercise prices were greater than the closing
price of our common stock on such date (“Out-of-the-Money” options):
(in actual shares)
Exercisable Unexercisable Total
Percentage of
Total Options
Outstanding
In-the-Money(*) .............................. 20,165,696 14,930,020 35,095,716 83%
Out-of-the-Money(*) ..................... 7,074,844 299,093 7,373,937 17%
Total Options Outstanding ......... 27,240,540 15,229,113 42,469,653 100%
(*) The closing price of our common stock was $41.31 on November 28, 2003, as reported by the Nasdaq National Market.