GameStop 2007 Annual Report Download - page 95

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13. Stock Incentive Plan
Effective June 2007, the Company’s stockholders voted to amend the Amended and Restated 2001 Incentive
Plan of Historical GameStop (the “Incentive Plan”) to provide for issuance under the Incentive Plan of the
Company’s Class A common stock. The Incentive Plan provides a maximum aggregate amount of 43,500 shares of
Class A common stock with respect to which options may be granted and provides for the granting of incentive
stock options, non-qualified stock options, and restricted stock, which may include, without limitation, restrictions
on the right to vote such shares and restrictions on the right to receive dividends on such shares. The options to
purchase Class A common shares are issued at fair market value of the underlying shares on the date of grant. In
general, the options vest and become exercisable ratably over a three-year period, commencing one year after the
grant date, and expire ten years from issuance. Shares issued upon exercise of options are newly issued shares.
Stock Options
A summary of the status of the Company’s stock options is presented below:
Shares
Weighted-
Average
Exercise
Price
(Thousands of shares)
Balance, January 29, 2005 ........................................ 22,812 $ 5.43
Granted ...................................................... 4,444 $10.32
Exercised .................................................... (3,480) $ 5.98
Forfeited ..................................................... (864) $ 9.73
Balance, January 28, 2006 ........................................ 22,912 $ 6.16
Granted ...................................................... 3,260 $20.68
Exercised .................................................... (6,660) $ 5.08
Forfeited ..................................................... (756) $17.57
Balance, February 3, 2007 ........................................ 18,756 $ 8.64
Granted ...................................................... 939 $26.68
Exercised .................................................... (8,480) $ 7.65
Forfeited ..................................................... (350) $20.16
Balance, February 2, 2008 ........................................ 10,865 $10.60
F-28
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)