Nordstrom 2001 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2001 Nordstrom 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 48

  • 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

Blk + 1 pms PAGE 29 pms
550
Cyan Mag Yelo Blk
20200324 NORDSTROM
2001 Annual Report • VERSION
8.375 x 10.875 • SCITEX • 175 lpi • Kodak 80# Cougar
Notes to Consolidated Financial Statements
NORDSTROM INC. AND SUBSIDIARIES 29
Stock option activity for the Nordstrom, Inc. Plan was as follows:
Year ended January 31, 2002 2001 2000
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding, beginning of year 8,873,342 $27 8,135,301 $28 5,893,632 $27
Granted 3,288,826 19 2,470,169 21 2,926,368 31
Exercised (186,165) 18 (181,910) 20 (341,947) 23
Cancelled (1,212,110) 25 (1,550,218) 28 (342,752) 30
Outstanding, end of year 10,763,893 $24 8,873,342 $27 8,135,301 $28
Options exercisable at end of year 4,533,281 $27 3,833,379 $26 3,145,393 $25
The following table summarizes information about stock options outstanding for the Nordstrom, Inc. Plan as of January 31, 2002:
Options Outstanding Options Exercisable
Weighted-
Average Weighted- Weighted-
Remaining Average Average
Range of Contractual Exercise Exercise
Exercise Prices Shares Life (Years) Price Shares Price
$13 – $22 6,183,330 8 $19 1,671,982 $20
$23 – $32 2,479,733 6 27 1,683,022 27
$33 – $40 2,100,830 7 36 1,178,277 35
10,763,893 7 $24 4,533,281 $27
Stock option activity for the Nordstrom.com 1999 and 2000 Plans were as follows:
Year ended January 31, 2002 2001 2000
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding, beginning of year 4,174,950 $1.72 1,373,950 $1.67 — —
Granted 41,500 1.92 3,794,931 1.73 1,379,950 $1.67
Exercised ——(135,000) 1.67 — —
Cancelled (691,642) 1.68 (858,931) 1.68 (6,000) 1.67
Outstanding, end of year 3,524,808 $1.73 4,174,950 $1.72 1,373,950 $1.67
Options exercisable at end of year 1,241,104 $1.68 703,750 $1.67 — —