Plantronics 1998 Annual Report Download - page 23

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Notes TO CONSOLIDATED
FINANCIAL STATEMENTS
Stock option activity under the 1993 Stock Plan and the Directors’ Stock Option Plan are as follows:
Shares Options Outstanding
Available Weighted
For Grant Shares Average Price
Balance at March 31, 1995 106,780 3,094,526 $ 3.45
Options Granted (206,820) 206,820 $16.22
Options Exercised (359,270) $ 2.13
Options Canceled 158,794 (158,794) $ 4.35
Balance at March 31, 1996 58,754 2,783,282 $ 4.52
Options Authorized 1,000,000
Options Granted (631,588) 631,588 $19.80
Options Exercised (284,442) $ 6.45
Options Canceled 111,048 (111,048) $ 6.49
Balance at March 31, 1997 538,214 3,019,380 $ 7.46
Options Granted (654,500) 654,500 $27.37
Options Exercised (348,958) $ 3.49
Options Canceled 233,010 (233,010) $18.53
Balance at March 31, 1998 116,724 3,091,912 $11.29
Exercisable at March 31, 1998 1,884,602
Significant option groups outstanding at March 31, 1998 and related weighted average prices and lives are as follows:
Options Outstanding Options Exercisable
Weighted
Number Average Number
Outstanding As Remaining Weighted Exercisable As Weighted
of March 31, Contractual Average of March 31, Average
Range of Exercise Price 1998 Life Exercise Price 1998 Exercise Price
$ 0.90 – $ 0.90 732,944 5.49 $ 0.90 732,944 $ 0.90
2.74 – 2.74 814,161 5.81 2.74 814,161 2.74
3.13 – 18.44 736,177 7.58 14.70 321,956 11.00
18.63 – 41.69 808,630 9.18 26.22 15,541 19.72
$ 0.90 – $41.69 3,091,912 7.04 $11.29 1,884,602 $ 3.57
P.15
PLANTRONICS
ANNUAL REPORT . 199 8