Royal Caribbean Cruise Lines 2002 Annual Report Download - page 37

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
As of December 31, 2002
Options Outstanding Options Exercisable
Weighted Weighted Weighted
Number Average Average Number Average
Exercise Price Range Outstanding Remaining Life Exercise Price Exercisable Exercise Price
$ 9.00 – $ 9.90 4,843,071 8.16 years $ 9.80 1,658,285 $ 9.68
$11.19 – $20.30 3,590,838 5.88 years $17.30 2,774,390 $16.52
$21.71 – $28.78 3,958,018 6.93 years $25.39 2,018,603 $25.22
$28.88 – $48.00 2,842,650 6.67 years $41.99 1,438,850 $41.25
15,234,577 7.03 years $21.63 7,890,128 $21.82
35
ROYAL CARIBBEAN CRUISES LTD.
Stock option activity and information about stock options outstanding are summarized in the following tables:
STOCK OPTION ACTIVITY
STOCK OPTIONS OUTSTANDING
2002 2001 2000
Weighted Weighted Weighted
Average Average Average
Number of Exercise Number of Exercise Number of Exercise
Options Price Options Price Options Price
Outstanding options at January 1 17,022,241 $21.49 11,291,784 $27.17 6,894,172 $24.82
Granted 617,600 $20.89 6,525,775 $12.41 5,036,100 $30.21
Exercised (599,122) $11.10 (104,526) $13.22 (186,436) $12.68
Canceled (1,806,142) $23.61 (690,792) $29.84 (452,052) $30.65
Outstanding options at December 31 15,234,577 $21.63 17,022,241 $21.49 11,291,784 $27.17
Options exercisable at December 31 7,890,128 $21.82 4,679,421 $20.79 2,707,234 $16.02
Available for future grants at December 31 6,744,505 5,871,763 3,839,246