Kodak 2007 Annual Report Download - page 86

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Further information relating to stock options is as follows:
(Amounts in thousands, except per share amounts)
Shares Under Option
Range of Price
Per Share
Weighted-Average
Exercise
Price Per Share
Outstanding on December 31, 2004 37,210 $ 22.58 – $ 92.31 $ 48.51
Granted 1,852 $ 22.03 – $ 31.57 $ 25.89
Exercised 389 $ 22.58 – $ 31.88 $ 30.68
Terminated, Canceled, Surrendered 2,630 $ 23.25 – $ 83.19 $ 48.53
Outstanding on December 31, 2005 36,043 $ 22.03 – $ 92.31 $ 47.54
Granted 1,605 $ 20.12 – $ 27.70 $ 25.48
Exercised 20 $ 22.58 – $ 26.71 $ 24.97
Terminated, Canceled, Surrendered 3,017 $ 22.03 – $ 83.19 $ 58.46
Outstanding on December 31, 2006 34,611 $ 20.12 – $ 92.31 $ 45.57
Granted 1,813 $ 23.28 – $ 28.44 $ 23.50
Exercised 235 $ 22.58 – $ 27.70 $ 24.91
Terminated, Canceled, Surrendered 5,296 $ 23.25 – $ 92.31 $ 73.22
Outstanding on December 31, 2007 30,893 $ 20.12 – $ 87.59 $ 39.70
Exercisable on December 31, 2005 32,330 $ 22.58 – $ 92.31 $ 49.69
Exercisable on December 31, 2006 31,548 $ 22.58 – $ 92.31 $ 47.44
Exercisable on December 31, 2007 27,546 $ 20.12 – $ 87.59 $ 41.51
The table above excludes approximately 68 (in thousands) options granted by the Company in 2001 at an exercise price of $.05-$21.91 as part of an
acquisition. At December 31, 2007, approximately 3 (in thousands) stock options were outstanding in relation to this acquisition.
The following table summarizes information about stock options as of December 31, 2007:
(Number of options in thousands) Options Outstanding Options Exercisable
Range of Exercise
Prices
At Less
Least Than Options
Weighted-Average
Remaining
Contractual Life
(Years)
Weighted-Average
Exercise Price Options
Weighted-Average
Exercise Price
$ 20 – $ 30 6,314 5.54 $ 25.38 3,029 $ 26.36
$ 30 – $ 40 15,742 4.75 $ 32.50 15,699 $ 32.49
$ 40 – $ 50 569 3.08 $ 41.72 567 $ 41.71
$ 50 – $ 60 1,556 2.23 $ 54.81 1,551 $ 54.81
$ 60 – $ 70 5,907 0.53 $ 65.46 5,895 $ 65.46
$ 70 – $ 80 784 0.50 $ 72.89 784 $ 72.89
Over $ 80 21 0.60 $ 84.32 21 $ 84.32
30,893 27,546
The weighted-average remaining contractual term and aggregate intrinsic value of all options outstanding at December 31, 2007 was 2.76 years and
negative $551 million, respectively. The weighted-average remaining contractual term and aggregate intrinsic value of all options exercisable at Decem-
ber 31, 2007 was 2.38 years and negative $541 million, respectively. The negative aggregate intrinsic value of all options outstanding and exercisable,
respectively, reflects the fact that the market price of the Company’s common stock as of December 31, 2007 was below the weighted-average exercise
price of options. The total intrinsic value of options exercised during years ended December 31, 2007, 2006 and 2005 was $0.8 million, $0.1 million, and
$1.2 million, respectively.