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COINSTAR, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS –(Continued)
YEARS ENDED DECEMBER 31, 2004, 2003, AND 2002
49
The price ranges of all options exercised were $0.70 to $25.84 in 2004, $0.40 to $18.93 in 2003 and $0.25 to $25.78 in
2002. At December 31, 2004, there were 3,706,205 shares of unissued common stock reserved for issuance under all the
Stock Plans of which 1,263,210 shares were available for future grants. The numbers of common stock options under the
plans are as follows as of December 31:
2004
2003
2002
Shares
Weighted
average
exercise
price
Shares
Weighted
average
exercise
price
Shares
Weighted
average
exercise
price
Number of common shares under option:
Outstanding, beginning of year
.........
2,310,490
$ 18.43 2,692,054
$ 17.91 2,912,350
$ 14.98
Granted................................
..............
763,825
18.79 187,038
19.16 559,280
24.31
Exercised................................
...........
(477,506) 13.90 (272,114
)
10.92 (705,012
)
11.25
Canceled or expired
...........................
(153,814) 21.46 (296,488
)
21.12 (74,564
)
13.58
Outstanding, end of year
.............................
2,442,995
19.23 2,310,490
18.43 2,692,054
17.91
Exercisable, end of year
..............................
1,359,268
18.63 1,465,062
16.77 1,247,653
14.89
The following table summarizes information about common stock options outstanding at December 31, 2004:
Options Outstanding
Options Exercisable
Exercise price
Number of options
outstanding at
December 31, 2004
Weighted average
remaining
contractual life
Weighted average
exercise price
Number of options
exercisable at
December 31, 2004
Weighted average
exercise price
$ 0.70 – $15.35
544,207
4.99 $ 12.26 544,031
$ 12.26
15.36 – 18.50
536,102
8.97 18.09 17,280
17.42
18.51 – 21.25
511,626
8.03 20.22 255,757
20.68
21.26 – 23.30
660,534
7.38 22.99 408,867
23.00
23.31 – 32.79
190,526
7.77 26.69 133,333
27.37
2,442,995
7.36 19.23 1,359,268
18.63
Stock purchase plan: In March 1997, we adopted the Employee Stock Purchase Plan (the “ESPP”) under Section
423(b) of the Internal Revenue Code. Under the ESPP, the board of directors may authorize participation by eligible
employees, including officers, in periodic offerings. The total number of shares reserved for issuance under this plan is
600,000. Eligible employees may participate through payroll deductions in amounts related to their basic compensation. At
the end of each six-month offering period, shares are purchased by the participants at 85% of the lower of the fair market
value at the beginning of the offering period or the end of a purchase period. During 2004, stock purchases totaling $770,000
were made as a result of payroll deductions from employees. Actual shares purchased by participating employees in 2004
totaled 66,126 at an average price of $11.65.