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On September 23, 1998, the shareholders of Activision approved the Activision 1998 Incentive Plan, as amended
(the “1998 Plan”). The 1998 Plan permits the granting of “Awards” in the form of non-qualified stock options, ISOs,
SARs, restricted stock awards, deferred stock awards and other common stock-based awards to directors, officers,
employees, consultants and others. The total number of shares of common stock available for distribution under the
1998 Plan is 10,125,000. The 1998 Plan requires available shares to consist in whole or in part of authorized and
unissued shares or treasury shares. There were approximately 11,800 shares remaining available for grant under the
1998 Plan as of March 31, 2004.
On April 26, 1999, the Board of Directors approved the Activision 1999 Incentive Plan, as amended (the “1999
Plan”). The 1999 Plan permits the granting of “Awards” in the form of non-qualified stock options, ISOs, SARs,
restricted stock awards, deferred share awards and other common stock-based awards to directors, officers, employees,
consultants and others. The total number of shares of common stock available for distribution under the 1999 Plan is
16,875,000. The 1999 Plan requires available shares to consist in whole or in part of authorized and unissued shares
or treasury shares. There were approximately 50,400 shares remaining available for grant under the 1999 Plan as of
March 31, 2004.
On August 23, 2001, the shareholders of Activision approved the Activision 2001 Incentive Plan, as amended (the
“2001 Plan”). The 2001 Plan permits the granting of “Awards” in the form of non-qualified stock options, ISOs, SARs,
restricted stock awards, deferred stock awards and other common stock-based awards to directors, officers, employees,
consultants and others. The total number of shares of common stock available for distribution under the 2001 Plan is
5,062,500. The 2001 Plan requires available shares to consist in whole or in part of authorized and unissued shares
or treasury shares. There were approximately 100,000 shares remaining available for grant under the 2001 Plan as
of March 31, 2004.
On April 4, 2002, the Board of Directors approved the Activision 2002 Incentive Plan (the “2002 Plan”). The 2002
Plan permits the granting of “Awards” in the form of non-qualified stock options, ISOs, SARs, restricted stock awards,
deferred share awards and other common stock-based awards to officers (other than executive officers), employees,
consultants, advisors and others. The 2002 Plan requires available shares to consist in whole or in part of authorized
and unissued shares or treasury shares. The total number of shares of common stock available for distribution under the
2002 Plan is 9,787,500. There were approximately 2,032,100 shares remaining available for grant under the 2002
Plan as of March 31, 2004.
On September 19, 2002, the shareholders of Activision approved the Activision 2002 Executive Incentive Plan (the
“2002 Executive Plan”). The 2002 Executive Plan permits the granting of “Awards” in the form of non-qualified stock
options, ISOs, SARs, restricted stock awards, deferred share awards and other common stock-based awards to officers,
employees, directors, consultants and advisors. The total number of shares of common stock available for distribution
under the 2002 Executive Plan is 5,625,000. The 2002 Executive Plan requires available shares to consist in whole
or in part of authorized and unissued shares or treasury shares. There were approximately 248,600 shares remaining
available for grant under the 2002 Executive Plan as of March 31, 2004.
On December 16, 2002, the Board of Directors approved the Activision 2002 Studio Employee Retention Incentive
Plan, as amended (the “2002 Studio Plan”). The 2002 Studio Plan permits the granting of “Awards” in the form of
non-qualified stock options and restricted stock awards to key studio employees (other than executive officers) of
Activision, our subsidiaries and affiliates and to contractors and others. The 2002 Studio Plan requires available shares
to consist in whole or in part of authorized and unissued shares or treasury shares. The total number of shares of com-
mon stock available for distribution under the 2002 Studio Plan is 3,375,000. There were approximately 62,300
shares remaining available for grant under the 2002 Studio Plan as of March 31, 2004.
Notes to Consolidated Financial Statements
Activision, Inc. — 2004 Annual Report
page 68