Airtran 2000 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2000 Airtran annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

A summary of stock option activity under the aforementioned plans is as follows:
Weighted
Average
Options Price Range Price
Balance at December 31, 1997 8,116,430 $ 0.17 23.19 $ 4.84
Granted 235,000 5.50 – 8.13 7.67
Exercised (562,580) 0.17– 5.69 2.81
Canceled (997,870) 0.1721.38 7.16
Balance at December 31, 1998 6,790,980 0.17 23.19 4.71
Granted 2,571,000 3.03– 6.41 3.52
Exercised (226,420) 0.17– 5.50 4.56
Canceled (495,040) 3.1321.50 7.04
Balance at December 31, 1999 8,640,520 0.17 23.19 4.16
Granted 1,097,500 4.00– 4.75 4.28
Exercised (63,000) 0.17– 3.88 3.02
Canceled (570,760) 3.3121.50 5.46
Balance at December 31, 2000 9,104,260 $0.17 23.19 $4.17
Exercisable at December 31, 2000 6,464,245 $0.17 23.19 $4.00
The following table summarizes information concerning currently outstanding and exercisable options:
Options Outstanding Options Exercisable
Weighted
Average Weighted Weighted
Remaining Average Average
Range of Number Contractual Exercise Number Exercise
Exercise Prices Outstanding Life Price Exercisable Price
$ 0.17 2,400,000 2.5 $ 0.17 2,400,000 $ 0.17
1.00 3.31 2,716,800 6.0 3.02 1,716,800 3.00
3.75– 4.50 1,658,000 8.1 4.06 420,500 3.81
4.53– 6.88 1,135,060 6.4 5.27 866,397 5.29
7.1313.25 541,000 6.0 7.78 535,668 7.77
18.3823.19 653,400 5.1 19.00 524,880 19.01
$ 0.1723.19 9,104,260 5.4 $ 4.17 6,464,245 $ 4.00