Nordstrom 2003 Annual Report Download - page 43

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NORDSTROM, INC. and SUBSIDIARIES
[41 ]
Stock option activity for the Nordstrom, Inc. Plan was as follows:
Fiscal Year 2003 2002 2001
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding, beginning of year 11,886,345 $25 10,763,893 $24 8,873,342 $27
Granted 2,714,503 18 2,423,966 25 3,288,826 19
Exercised (2,259,771) 22 (350,004) 19 (186,165) 18
Cancelled (655,737) 23 (948,788) 26 (1,151,884) 26
Expired (1,488) 14 (2,722) 18 (60,226) 22
Outstanding, end of year 11,683,852 $24 11,886,345 $25 10,763,893 $24
Options exercisable at end of year 5,356,810 $27 5,724,629 $26 4,533,281 $27
The following table summarizes information about stock options outstanding for the Nordstrom, Inc. Plan as of January 31, 2004:
Options Outstanding Options Exercisable
Weighted
Average Weighted- Weighted-
Remaining Average Average
Range of Contractual Exercise Exercise
Exercise Prices Shares Life (Years) Price Shares Price
$15 – $22 6,209,577 7 $19 2,054,663 $20
$23 – $32 3,820,685 6 26 1,842,619 27
$33 – $40 1,653,590 5 36 1,459,528 36
11,683,852 7 $24 5,356,810 $27
Stock option activity for the Nordstrom.com 1999 and 2000 Plans was as follows:
Fiscal Year 2002 2001
Weighted- Weighted-
Average Average
Exercise Exercise
Shares Price Shares Price
Outstanding, beginning of year 3,524,808 $1.73 4,174,950 $1.72
Granted 112,500 1.92 41,500 1.92
Exercised ————
Cancelled (3,637,308) 1.73 (691,642) 1.68
Outstanding, end of year — — 3,524,808 $1.73
Options exercisable at end of year — — 1,241,104 $1.68
notes to consolidated financial statements