Honeywell 2006 Annual Report Download - page 100

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
The following table summarizes information about stock option activity for the three years ended December 31, 2006:
Number of
Options
Weighted
Average
Exercise
Price
Outstanding at December 31, 2003 54,444,346 $ 37.68
Granted 9,469,800 35.49
Exercised (2,955,232) 21.20
Lapsed or canceled (2,433,985) 39.41
Outstanding at December 31, 2004 58,524,929 38.09
Granted 10,327,350 36.75
Exercised (5,372,501) 29.07
Lapsed or canceled (4,261,523) 40.46
Outstanding at December 31, 2005 59,218,255 38.50
Granted 9,193,200 42.35
Exercised (11,466,491) 33.61
Lapsed or canceled (2,712,287) 42.27
Outstanding at December 31, 2006 54,232,677 $ 39.98
Vested and expected to vest at December 31, 2006(1) 52,076,411 $ 39.76
Exercisable at December 31, 2006 37,902,956 $ 40.16
(1) The expected to vest options are the result of applying the pre-vesting forfeiture rate assumption to total outstanding options.
The following table summarizes information about stock options outstanding and exercisable at December 31, 2006:
Options Outstanding Options Exercisable
Range of exercise prices
Number
Outstanding
Weighted
Average
Life(1)
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Number
Exercisable
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
$21.75–$32.63 5,197,055 6.07 $ 24.07 $ 111 5,151,345 $ 24.03 $ 110
$33.00–$49.50 42,845,669 6.08 38.66 295 26,561,771 38.08 200
$49.97–$74.95 6,189,953 2.79 62.60 — 6,189,840 62.60 —
54,232,677 5.70 39.98 $ 406 37,902,956 40.16 $ 310
(1) Average remaining contractual life in years.