Amazon.com 2001 Annual Report Download - page 76

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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Stock Option Activity
The following table summarizes the Company’s stock option activity:
Number of
Shares
Weighted Average
Exercise Price
(in thousands)
Balance January 1, 1999 ........................................... 76,009 $ 6.69
Options granted and assumed ................................... 31,379 63.60
Options canceled ............................................ (11,281) 19.70
Options exercised ............................................ (16,125) 4.00
Balance December 31, 1999 ........................................ 80,342 27.76
Options granted and assumed ................................... 20,717 38.13
Options canceled ............................................ (19,502) 37.19
Options exercised ............................................ (11,119) 4.02
Balance December 31, 2000 ........................................ 70,438 32.17
Net effect of option exchange:
Options granted ......................................... 12,503 13.38
Options exchanged and canceled ............................ (31,170) 51.94
Net effect of option exchange ................................... (18,667)
Options granted ............................................. 33,706 8.10
Options canceled ............................................ (13,438) 25.29
Options exercised ............................................ (6,089) 2.73
Balance December 31, 2001 ........................................ 65,950 10.65
At December 31, 2001, 63 million shares of common stock were available for future grant under the Plans.
The following table summarizes information about options outstanding and exercisable at December 31,
2001:
Range of
Exercise Prices
Options Outstanding Options Exercisable
Number of
Options
Remaining
Life (yrs)
Weighted
Average
Exercise
Price
Number of
Options
Weighted
Average
Exercise
Price
(in thousands) (in thousands)
$ 0.03 – $ 1.00 5,000 5.0 $0.42 4,222 $0.39
1.17 – 5.37 5,095 5.9 4.01 1,943 3.85
5.81 – 7.86 4,838 6.8 7.13 2,360 7.11
7.93 – 7.93 26,071 9.7 7.93 — 7.93
7.95 – 8.55 3,660 8.5 8.51 263 8.23
8.72 – 13.24 1,872 8.2 11.40 471 11.86
13.38 – 13.38 10,712 1.8 13.38 4,227 13.38
13.57 – 19.89 3,602 7.3 16.76 1,575 17.04
20.06 – 104.97 5,100 7.7 35.77 1,903 30.53
0.03 – 104.97 65,950 7.1 10.65 16,964 10.32
Deferred Stock-Based Compensation
The Company recorded aggregate deferred stock-based compensation of $9 million, zero and $72.1 million
in 2001, 2000 and 1999, respectively. In 2001, deferred stock-based compensation was recorded in connection
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