Raytheon 2004 Annual Report Download - page 102

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84
Notes to Consolidated Financial Statements (Continued)
Stock option information for 2004, 2003, and 2002 follows:
(Share amounts in thousands) Shares
Weighted-
Average
Option
Price
Outstanding at December 31, 2001 39,197 $39.38
Granted 10,049 42.04
Exercised (3,575) 22.89
Expired (3,527) 44.35
Outstanding at December 31, 2002 42,144 40.99
Granted 7,256 31.01
Exercised (675) 30.96
Expired (2,639) 46.19
Outstanding at December 31, 2003 46,086 39.27
Granted 609 33.71
Exercised (3,825) 34.77
Expired (4,726) 39.46
Outstanding at December 31, 2004 38,144 $39.61
The following tables summarize information about stock options outstanding and exercisable at December 31,
2004:
(Share amounts in thousands) Options Outstanding
Exercise Price Range Shares
Weighted-
Average
Remaining
Contractual
Life
Weighted-
Average
Exercise
Price
$18.19 to $29.92 12,172 6.1 years $25.79
$30.00 to $39.21 8,750 7.4 years $32.71
$40.13 to $48.97 7,961 7.1 years $44.63
$51.06 to $59.44 5,579 2.9 years $54.33
$67.66 to $73.78 3,682 4.5 years $68.50
Total 38,144
(Share amounts in thousands) Options Exercisable
Exercise Price Range Shares
Weighted-
Average
Exercise
Price
$18.19 to $29.92 11,213 $25.49
$30.00 to $39.21 3,880 $33.70
$40.13 to $48.97 5,638 $44.72
$51.06 to $59.44 5,579 $54.33
$67.66 to $73.78 3,682 $68.50
Total 29,992
Shares exercisable at the corresponding weighted-average exercise price at December 31, 2004, 2003, and 2002,
were 30.0 million at $40.81, 30.1 million at $41.49, and 24.8 million at $45.06, respectively.