GameStop 2003 Annual Report Download - page 61

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Table of Contents
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
February 12, 2002, the Company granted 4,500 options to its employees at an exercise price of $18.00 per share (the per share offering price).
A summary of the status of the Company’s stock options is presented below:
Weighted-Average
Shares Exercise Price
(Thousands
of shares)
Balance, February 3, 2001 4,470 $3.53
Granted 4,500 $ 4.51
Exercised
—
$
—
Forfeited (159) $ 3.53
Balance, February 2, 2002 8,811 $4.03
Granted 4,545 $ 18.02
Exercised (287) $3.53
Forfeited (309) $ 12.10
Balance, February 1, 2003 12,760 $8.83
Granted 1,119 $ 12.19
Exercised (1,943) $3.55
Forfeited (629) $ 16.55
Balance, January 31, 2004 11,307 $9.63
The following table summarizes information as of January 31, 2004 concerning outstanding and exercisable options:
Options Outstanding Options Exercisable
Weighted- Weighted- Weighted-
Number Average Average Number Average
Outstanding Remaining Contractual Exercisable Exercise
Range of Exercise Prices (000s) Life Price (000s) Price
$ 3.53 – $ 4.51 6,436 7.21 $4.21 6,436 $4.21
$11.80 – $12.71 925 9.17 $ 11.90
—
$ 11.90
$15.25 – $16.48 115 9.60 $15.41 5 $15.41
$18.00 – $21.25 3,831 8.31 $ 18.03 1,355 $ 18.03
$ 3.53 – $21.25 11,307 7.68 $9.63 7,796 $6.62
During the 13 weeks ended January 29, 2000, options to acquire approximately 350 shares of Barnes & Noble were issued to GameStop employees pursuant to the
Barnes & Noble stock option plan. Such grants were made at the fair market value of Barnes & Noble common stock at the date of grant.
14. Employees’ Defined Contribution Plan
The Company sponsors a defined contribution plan (the “Savings Plan”) for the benefit of substantially all of its employees who meet certain eligibility
requirements, primarily age and length of service. The Savings Plan allows employees to invest up to 15% of their current gross cash compensation invested on a pre-
tax basis, at their option. The Company’s optional contributions to the Savings Plan are generally in amounts based upon a certain percentage of the employees’
contributions. The Company’s contributions to the Savings Plan
F-19