Avon 2003 Annual Report Download - page 57
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A summary of the Company’s stock option activity, weighted-average exercise price and related information for the years ended December 31 was as follows:
2003 2002 2001
Weighted- Weighted- Weighted-
Shares Average Shares Average Shares Average
(in 000’s) Price (in 000’s) Price (in 000’s) Price
Outstanding — beginning of year 11,343 $41.15 10,551 $36.33 9,579 $33.47
Granted 2,465 53.04 2,859 52.95 2,729 41.96
Exercised (2,682) 37.44 (1,996) 32.44 (1,626) 28.94
Forfeited (518) 37.27 (71) 44.92 (131) 36.09
Outstanding — end of year 10,608 $45.04 11,343 $41.15 10,551 $36.33
Options exercisable — end of year 5,704 $39.58 5,646 $35.48 4,869 $32.23
The following table summarizes information about stock options outstanding at December 31, 2003:
Options Outstanding Options Exercisable
Exercise Shares Average Average Shares Average
Prices (in 000’s) Price Term (in 000’s) Price
$13.13 – 29.63 291 $26.13 4 years 291 $26.13
$30.06 – 39.91 3,100 36.13 5 years 3,100 36.13
$40.16 – 49.77 2,364 42.43 7 years 1,493 41.98
$51.38 – 66.16 4,853 53.15 9 years 820 53.04
10,608 5,704
Notes to Consolidated Financial Statements
notes to statements
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