Southwest Airlines 1998 Annual Report Download - page 55

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55
SOUTHWEST AIRLINES CO. ¤ SIX STORIES OF FREEDOM
INCENTIVE PLANS NON-QUALIFIED PLANS
OPTIONS
AVERAGE
EXERCISE
PRICE OPTIONS
AVERAGE
EXERCISE
PRICE
Outstanding December 31, 1995 11,726,729 $5.99 33,421,656 $8.83
Granted – Incentive Plans 3,758,274 11.19 - -
Granted – SWAPA Plan - - 1,048,950 10.59
Granted – Other Non-Qualified
Plans
- - 155,525 11.19
Exercised (890,658) 4.57 (653,367) 7.95
Surrendered (563,504) 8.96 (213,716) 8.89
Outstanding December 31, 1996 14,030,841 7.35 33,759,048 8.91
Granted – Incentive Plans 3,682,737 9.67 - -
Granted – SWAPA Plan - - 1,323,000 13.19
Granted – Other Non-Qualified
Plans
- - 218,109 9.67
Exercised (1,727,889) 6.03 (2,657,746) 8.85
Surrendered (1,005,019) 9.72 (148,818) 9.06
Outstanding December 31, 1997 14,980,670 7.91 32,493,593 9.09
Granted – Incentive Plans 2,738,597 17.72 - -
Granted – SWAPA Plan - - 902,475 19.36
Granted – SAEA Plan - - 738,013 19.62
Granted – Other Non-Qualified
Plans
- - 256,191 17.69
Exercised (2,360,733) 6.27 (2,521,455) 9.07
Surrendered (834,289) 10.52 (247,252) 9.95
Outstanding December 31, 1998 14,524,245 $9.89 31,621,565 $9.69
Exercisable December 31, 1998 3,132,557 12,271,309
Available for granting in future
periods
11,995,971 6,768,712