Petsmart 2005 Annual Report Download - page 84

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The following tables summarize information about stock options outstanding at January 29, 2006:
Range of Exercise Prices Number of Options
Weighted Average
Exercise Price
Weighted Average
Remaining Years of
Contractual Life
Outstanding
(In thousands)
$ 2.41 - $ 3.06..................... 912 $ 3.02 5.01
$ 3.25 - $ 7.63..................... 1,114 $ 6.20 3.19
$ 8.44 - $ 9.94..................... 704 $ 8.85 3.73
$10.53 - $10.55..................... 1,011 $10.55 6.02
$10.70 - $14.62..................... 519 $12.90 5.14
$14.88 - $14.88..................... 1,372 $14.88 7.02
$14.91 - $23.34..................... 192 $19.52 4.59
$23.42 - $23.42..................... 1,763 $23.42 8.02
$23.51 - $30.20..................... 1,017 $29.13 8.72
$30.23 - $35.00..................... 180 $32.03 8.65
8,784
Range of Exercise Prices Number of Options
Weighted Average
Exercise Price
Weighted Average
Remaining Years of
Contractual Life
Exercisable
(In thousands)
$ 2.41 - $ 3.06..................... 912 $ 3.02 5.01
$ 3.25 - $ 7.63..................... 1,114 $ 6.20 3.19
$ 8.44 - $ 9.94..................... 704 $ 8.85 3.73
$10.53 - $10.55..................... 975 $10.55 6.02
$10.70 - $14.62..................... 483 $12.84 5.04
$14.88 - $14.88..................... 859 $14.88 7.02
$14.91 - $23.34..................... 147 $19.82 3.74
$23.42 - $23.42..................... 754 $23.42 8.02
$23.51 - $30.20..................... 120 $26.57 7.08
$30.23 - $35.00..................... 60 $31.87 8.49
6,128
The total intrinsic value of options exercised during fiscal 2005, 2004 and 2003 was $45,630,000, $87,490,000
and $48,966,000, respectively.
Employee Stock Purchase Plan
The Company has an Employee Stock Purchase Plan (“ESPP”) that enables essentially all employees to
purchase the Company’s common stock on semi-annual offering dates at 85% of the fair market value of the shares
on the offering date or, if lower, at 85% of the fair market value of the shares on the purchase date. A maximum of
4,000,000 shares is authorized for purchase until the ESPP plan termination date of July 31, 2012. A total of
250,000, 271,000 and 429,000 shares were purchased in 2005, 2004 and 2003, respectively, for aggregate proceeds
of $5,255,000, $5,468,000 and $5,315,000, respectively.
F-25
PetSmart, Inc. and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)