Nordstrom 1999 Annual Report Download - page 46

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NORDSTROM, INC. AND SUBSIDIARIES
44
(Note 12 continued)
The effects of applying SFAS 123 in this pro forma disclosure are not indicative of future amounts as awards prior to
1995 are not included, and additional awards in future years are anticipated.
The number of shares reserved for future stock option grants pursuant to the Plan is 3,212,879 at January 31, 2000.
Stock option activity for the Plan was as follows:
Year ended January 31 , 2000 1999 1998
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding, beginning of year 5,893,632 $27 3,401,602 $21 3,719,506 $19
Granted 2,926,368 31 3,252,217 31 692,764 26
Exercised (341,947) 23 (599,593) 18 (838,478) 17
Cancelled (342,752) 30 (160,594) 27 (172,190) 22
Outstanding, end of year 8,135,30 1 $28 5,893,632 $2 7 3,401,602 $21
Options exercisable at end of year 3,145,393 $25 2,544,092 $23 1,759,464 $19
Weighted-average fair value of
options granted during the year $17 $14 $ 9
The following table summarizes information about stock options outstanding for the Plan as of January 31, 2000:
Options Outstanding Options Exercisable
Weighted-
Average Weighted- Weighted-
Remaining Average Average
Range of Contractual Exercise Exercise
Exercise Prices Shares Life (Years) Price Shares Price
$11 – $23 2,807,518 7 $21 1,487,867 $20
$24 – $33 2,919,777 8 $29 1,457,294 $29
$34 – $40 2,408,006 9 $37 200,232 $34
8,135,301 8 $28 3 ,145,39 3 $25