Kodak 2002 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2002 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

Financials
71
Further information relating to options is as follows:
Weighted-Average
Shares Range of Price Exercise Price
(Amounts in thousands, except per share amounts) Under Option Per Share Per Share
Outstanding on December 31, 1999 37,033 $30.25 $92.31 $62.12
Granted 12,533 $37.25 – $65.63 $54.38
Exercised 1,326 $30.25 $58.63 $32.64
Terminated, Canceled or Surrendered 3,394 $31.45 $90.50 $62.22
Outstanding on December 31, 2000 44,846 $32.50 $92.31 $60.87
Granted 8,575 $26.90 – $48.34 $36.49
Exercised 615 $32.50 – $43.18 $35.91
Terminated, Canceled or Surrendered 2,351 $32.50 $90.75 $50.33
Outstanding on December 31, 2001 50,455 $25.92 $92.31 $57.53
Granted 20,155 $26.30 $38.04 $32.72
Exercised 1,581 $26.90 – $37.74 $32.05
Terminated, Canceled or Surrendered 26,752 $26.90 – $92.31 $54.58
Outstanding on December 31, 2002 42,277 $25.92 – $92.31 $48.52
Exercisable on December 31, 2000 28,783 $32.50 $92.31 $62.13
Exercisable on December 31, 2001 31,571 $26.90 $92.31 $63.54
Exercisable on December 31, 2002 31,813 $25.92–$92.31 $52.49
The table above excludes approximately 68,000 options granted by the Company in 2001 at an exercise price of $.05$21.91 as part
of an acquisition. At December 31, 2002, 37,969 stock options were outstanding in relation to this acquisition.
The Company’s total options outstanding of 42,277,000 have been granted under equity compensation plans that have been approved by
security holders and that which have not been approved by security holders as follows:
Weighted-Average Number of Options
Exercise Price of Available for Future
(Amounts in thousands, Options Outstanding Options Outstanding Grants as
except per share amounts) at December 31, 2002 at December 31, 2002 of December 31, 2002
Equity compensation plans approved by
security holders approved plans 31,356 $ 46.17 7,813
Equity compensation plans not approved
by security holders 10,921 $ 55.27 5,124
Total 42,277 $ 48.52 12,937
The Company’s equity compensation plans approved by security holders include the 2000 Plan, the 1995 Plan and the 1990 Plan. The
Company’s equity compensation plans not approved by security holders include the Eastman Kodak Company 1997 Stock Option Plan
and the Kodak Stock Option Plan. The 5,124,000 of options available for grant as of December 31, 2002 under equity compensation
plans not approved by security holders all relate to the Kodak Stock Option Plan; however, in accordance with an amendment that is
effective January 1, 2003, no options will be granted in the future under this plan.