Salesforce.com 2007 Annual Report Download - page 75

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Table of Contents
salesforce.com, inc.
Notes to Consolidated Financial Statements—(Continued)
Stock option activity is as follows:
Shares
Available
for Grant
Options Outstanding
Outstanding
Stock
Options
Weighted-
Average
Exercise Price
Aggregate
Intrinsic Value
Balance as of January 31, 2006 4,292,015 16,005,907 $ 12.24
Increase in shares authorized:
2004 Equity Incentive Plan 5,000,000 — —
2006 Inducement Equity Incentive Plan 400,000 — —
Options granted under all option plans (5,414,762) 5,414,762 34.35
Restricted stock unit activity (841,678) — —
Stock grants to board members for board services and advisory board members (17,500) — —
Exercised — (3,889,632) 7.44
Cancelled 1,575,703 (1,575,703) 24.91
Repurchased 8,148 — —
Balance as of January 31, 2007 5,001,926 15,955,334 19.67
Increase in shares authorized:
2004 Equity Incentive Plan 4,000,000 — —
Options granted under all plans (3,359,448) 3,359,448 50.51
Restricted stock unit activity (1,109,710) — —
Stock grants to board members for board services and advisory board members (50,500) — —
Exercised — (4,357,918) 13.94
Cancelled 1,547,519 (1,547,519) 31.98
Balance as of January 31, 2008 6,029,787 13,409,345 $ 27.83 $ 325,384,026
Vested or expected to vest 12,173,840 $ 26.87 $ 307,004,351
Exercisable at January 31, 2008 5,869,017 $ 14.38 $ 220,287,620
The total intrinsic value of the options exercised during fiscal 2008, 2007 and 2006 were $155.8 million, $111.1 million, and $99.5 million,
respectively. The intrinsic value is the difference of the current market value of the stock and the exercise price of the stock option.
The weighted-average remaining contractual life of vested and expected to vest options is approximately 5 years.
As of January 31, 2008, options to purchase 5,869,017 shares were vested at a weighted average exercise price of $14.38 per share and a remaining
weighted-average remaining contractual life of approximately 5 years. The total intrinsic value of these vested options as of January 31, 2008 was $220.3
million.
As of January 31, 2008, 6,246 shares issued pursuant to exercises of options issued under the 1999 Plan remained subject to repurchase.
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