Pottery Barn 2006 Annual Report Download - page 71

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The following table summarizes information about stock options outstanding at January 28, 2007:
Stock Options Outstanding
Stock Options
Exercisable
Range of Exercise Prices
Number
Outstanding
Weighted
Average
Contractual
Life (Years)
Weighted
Average
Exercise
Price
Number
Exercisable
Weighted
Average
Exercise
Price
$ 7.03 – $13.02 1,862,663 1.89 $ 8.94 1,862,663 $ 8.94
$13.22 – $17.94 1,837,893 3.51 14.70 1,837,093 14.71
$17.97 – $26.00 2,174,973 5.70 23.89 1,732,474 24.27
$26.07 – $38.84 2,707,610 7.54 34.65 1,116,918 33.23
$39.77 – $43.85 443,150 8.76 41.68 75,190 42.16
$ 7.03 – $43.85 9,026,289 5.17 $23.04 6,624,338 $19.02
The total expense recognized on all stock options was $18,452,000, zero, and zero, during fiscal 2006, fiscal
2005 and fiscal 2004, respectively. As of January 28, 2007, there was a remaining unamortized balance of
$25,775,000 (net of estimated forfeitures), which we expect to recognize on a straight-line basis over an average
remaining service period of approximately 2.5 years.
Stock-Settled Stock Appreciation Rights
A stock-settled stock appreciation right is an award that allows the recipient to receive common stock equal to
the appreciation in the fair market value of our common stock between the date the award was granted and the
conversion date for the number of shares as to which the right is exercised. Stock-settled stock appreciation rights
will have value only if the shares increase in value after the grant date.
The following table summarizes our stock-settled stock appreciation right activity during fiscal 2006 (no stock-
settled stock appreciation rights were granted during fiscal 2005 or fiscal 2004):
Shares
Weighted Average
Conversion Price1
Weighted Average
Contractual Term
Remaining (Years)
Intrinsic
Value2
Balance at January 29, 2006 — —
Granted (weighted average fair value of $12.37) 2,111,550 $36.23
Converted — — —
Canceled (132,700) 39.43
Balance at January 28, 2007 1,978,850 $36.01 9.47 $2,211,000
Stock-settled stock appreciation rights vested at
January 28, 2007 — — — —
1Conversion price is defined as the price from which stock-settled stock appreciation rights are measured.
2Intrinsic value is defined as the difference between the grant price and the current market value on the last business day of
fiscal 2006.
The following table summarizes information about stock-settled stock appreciation rights outstanding at
January 28, 2007:
Stock-Settled
Stock Appreciation
Rights Outstanding
Stock-Settled
Stock Appreciation
Rights Vested
Range of Conversion Prices
Number
Outstanding
Weighted
Average
Contractual
Life (Years)
Weighted
Average
Conversion
Price
Number
Vested
Weighted
Average
Conversion
Price
$30.34 – $34.64 1,073,350 9.75 $32.33 — —
$36.70 – $42.13 905,500 9.14 40.38 — —
$30.34 – $42.13 1,978,850 9.47 $36.01 — —
59
Form 10-K