Honeywell 2008 Annual Report Download - page 115

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, 2008:
Number of
Options
Weighted
Average
Exercise
Price
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
Granted 5,963,500 47.59
Exercised (16,037,530) 36.95
Lapsed or canceled (2,761,278) 45.74
Outstanding at December 31, 2007 41,397,369 41.88
Granted 5,024,820 58.46
Exercised (3,577,707) 37.40
Lapsed or canceled (1,910,960) 49.16
Outstanding at December 31, 2008 40,933,522 $ 43.97
Vested and expected to vest at December 31, 2008(1) 39,172,640 $ 43.49
Exercisable at December 31, 2008 30,314,667 $ 41.40
(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, 2008:
Range of exercise prices
Options Outstanding Options Exercisable
Number
Outstanding
Weighted
Average
Life(1)
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value Number
Exercisable
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
$21.75–$32.99 2,762,141 4.16 $ 24.29 $ 24 2,759,141 $ 24.28 $ 24
$33.00–$39.99 14,849,698 4.54 35.89 — 14,792,148 35.89 —
$40.00–$49.99 13,211,076 6.73 44.54 — 7,523,146 43.81 —
$50.00–$74.95 10,110,607 4.92 60.46 — 5,240,232 62.46 —
40,933,522 5.31 43.97 $ 24 30,314,667 41.40 $ 24