Citrix 2005 Annual Report Download - page 21

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Page฀19
“Named฀Executive฀Officers”฀consist฀of฀our฀chief฀executive฀officer฀and฀the฀four฀other฀most฀highly฀compensated฀executive฀officers฀
who฀earned฀total฀annual฀salary฀and฀bonus฀in฀excess฀of฀$100,000฀in฀2004.฀Named฀Executive฀Officers฀for฀both฀years฀presented฀were฀
employees฀as฀of฀the฀respective฀year฀end.
Year฀Ended฀
December฀31,
2005 2004
Net฀grants฀to฀all฀employees,฀non-employee฀directors฀and฀executive฀officers฀as฀a฀percent฀of฀outstanding฀shares(1) (2) 2.17% 1.73%
Grants฀to฀Named฀Executive฀Officers฀as฀a฀percent฀of฀outstanding฀shares(2) 0.25% 0.17%
Grants฀to฀Named฀Executive฀Officers฀as฀a฀percent฀of฀total฀awards฀granted 7.33% 4.83%
Cumulative฀awards฀held฀by฀Named฀Executive฀Officers฀as฀a฀percent฀of฀total฀options฀outstanding(3) 10.68% 9.66%
(1)฀ ฀Net฀grants฀represent฀total฀stock-based฀awards฀granted฀during฀the฀period฀net฀of฀stock-based฀awards฀forfeited฀during฀the฀period.
(2)฀ ฀Calculation฀is฀based฀on฀outstanding฀shares฀of฀common฀stock฀as฀of฀the฀beginning฀of฀the฀respective฀period.
(3)฀ ฀Calculation฀is฀based฀on฀total฀stock-based฀awards฀outstanding฀as฀of฀the฀end฀of฀the฀respective฀period.
The฀following฀table฀presents฀our฀stock-based฀compensation฀award฀activity฀from฀December฀31,฀2003฀through฀December฀31,฀2005฀
(in฀thousands,฀except฀weighted-average฀exercise฀price).฀Some฀amounts฀may฀not฀add฀due฀to฀rounding.
Awards฀Outstanding
Awards฀Available฀
for฀Grant
Number฀฀
of฀Shares
Weighted-Average฀
Exercise฀Price
Balance฀at฀December฀31,฀2003 37,025 38,222 $฀24.56
Granted฀at฀market฀value (5,638) 5,638 20.97
Granted฀below฀market฀value (52) 52 3.86
Exercised — (4,492) 13.06
Forfeited/cancelled 2,491 (2,491) 25.14
Additional฀shares฀reserved 9,046 N/A N/A
Balance฀at฀December฀31,฀2004 42,872 36,928 25.20
Granted฀above฀market฀value (76) 76 32.81
Granted฀at฀market฀value (4,758) 4,758 23.76
Granted฀below฀market฀value (961) 961 2.58
Exercised — (6,231) 15.12
Forfeited/cancelled 2,101 (2,101) 30.86
New฀plans(1) 11,136 N/A N/A
Plan฀retirement(2) (42,862) N/A N/A
Balance฀at฀December฀31,฀2005 7,452 34,391 25.86
(1)฀ ฀Represents฀shares฀available฀for฀grant฀under฀our฀2005฀Equity฀Incentive฀Plan,฀2005฀Employee฀Stock฀Purchase฀Plan฀and฀the฀NetScaler฀Plan.฀No฀additional฀awards฀
will฀be฀granted฀from฀the฀NetScaler฀Plan.
(2)฀ ฀Represents฀shares฀no฀longer฀available฀for฀grant฀due฀the฀resolution฀of฀our฀Board฀of฀Directors฀that฀upon฀stockholder฀approval฀of฀the฀2005฀Equity฀Incentive฀Plan฀and฀
the฀2005฀Employee฀Stock฀Purchase฀Plan,฀no฀new฀awards฀will฀be฀granted฀under฀our฀Amended฀and฀Restated฀1995฀Stock฀Option฀Plan,฀the฀Second฀Amended฀and฀
Restated฀2000฀Director฀and฀Officer฀Stock฀Option฀and฀Incentive฀Plan,฀the฀Amended฀and฀Restated฀1995฀Non-Employee฀Director฀Stock฀Option฀Plan฀and฀the฀Third฀
Amended฀and฀Restated฀1995฀Employee฀Stock฀Purchase฀Plan.
A฀summary฀of฀our฀in-the-money฀and฀out-of-the-money฀stock-based฀awards฀information฀as฀of฀December฀31,฀2005฀is฀as฀follows฀(in฀
thousands,฀except฀weighted-average฀exercise฀price).฀Out-of-the-money฀awards฀are฀those฀awards฀with฀an฀exercise฀price฀equal฀to฀
or฀above฀the฀closing฀price฀of฀$28.73฀per฀share฀for฀our฀common฀stock฀at฀December฀31,฀2005.
Exercisable Unexercisable Total
Shares
Weighted-Average฀
Exercise฀Price Shares
Weighted-Average฀
Exercise฀Price Shares
Weighted-Average฀
Exercise฀Price
In-the-money 16,576 $18.94 9,987 $19.02 26,563 $18.97
Out-of-the-money 7,827 49.28 1 35.15 7,828 49.28
฀ Total฀stock-based฀awards฀outstanding 24,403 28.67 9,988 19.02 34,391 25.86