CDW 2003 Annual Report Download - page 56

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43
Shares
Weighted-
Average
Exercise Price
Options
Exercisable
Balance at January 1, 2001 12,039,763 $ 21.24 1,202,352
Options granted 1,973,514 35.01 -
Options exercised (901,386) 10.13 -
Options forfeited (463,015) 19.93 -
Balance at December 31, 2001 12,648,876 24.01 1,300,460
Options granted 1,169,464 55.15 -
Options exercised (1,203,031) 15.45 -
Options forfeited (1,235,600) 28.11 -
Balance at December 31, 2002 11,379,709 27.79 1,803,103
Options granted 1,282,434 43.49 -
Options exercised (1,228,854) 21.07 -
Options forfeited (455,140) 29.09 -
Balance at December 31, 2003 10,928,149 $ 30.33 2,462,206
For the years ended December 31, 2003, 2002 and 2001, the weighted-average fair value of options granted
was as follows:
2003 2002 2001
Exercise price equals market price at time of grant $ 23.74 $ 30.82 $ 20.51
Exercise price is less than market price at time of grant $ 11.75 $ - $ 53.70