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90 SUNTRUST 2004 ANNUAL REPORT
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued
The following table presents information on stock options and performance stock:
Stock Options Performance Stock
Weighted- Weighted-
Average Deferred Average
(Dollars in thousands except per share data) Shares Price Range Exercise Price Shares Compensation Grant Price
Balance, January 1, 2002 12,130,296 $11.13 – $76.50 $ 56.70 2,971,597 $ 37,517 $ —
Granted 478,191 58.21 – 67.98 62.78 19,523 1,261 64.62
Exercised/vested (415,634) 11.13 – 65.25 33.14 (145,913) — —
Cancelled, expired/forfeited (449,945) 11.13 – 73.06 63.96 (157,715) (6,842) —
Amortization of compensation
for performance stock — — — — (3,074) —
Balance, December 31, 2002 11,742,908 13.96 – 76.50 57.56 2,687,492 28,862 —
Granted 3,818,050 54.28 – 69.90 54.48 198,985 11,040 55.48
Exercised/vested (777,087) 6.96 – 65.25 36.14 (22,930) — —
Cancelled, expired/forfeited (795,225) 21.03 – 73.06 61.50 (100,382) (4,787) —
Acquisition of Lighthouse 175,417 6.96 – 22.75 13.32 — — —
Amortization of compensation
for performance stock — — — — (5,475) —
Balance, December 31, 2003 14,164,063 6.96 – 76.50 57.14 2,763,165 29,640 —
Granted 4,013,523 65.33 – 73.19 73.07 271,844 19,062 70.13
Exercised/vested (2,046,298) 6.96 – 73.06 45.89 (148,026) — —
Cancelled, expired/forfeited (529,229) 45.23 – 73.19 64.79 (72,667) (3,676) —
Acquisition of NCF 5,830,146 12.85 – 67.64 46.89 — — —
Amortization of compensation
for performance stock — — — — (8,515) —
Balance, December 31, 2004 21,432,205 $ 6.96 – $76.50 $58.21 2,814,316 $36,511
Exercisable, December 31, 2004 13,767,506 $54.86
Available for additional grant,
December 31, 2004 14,519,102
The following table presents information on stock options by ranges of exercise price:
Options Outstanding Options Exercisable
Number Weighted Weighted Number Weighted
Outstanding at Average Average Remain- Exercisable at Average
December 31, Exercise ing Contractual December 31, Exercise
Range of Exercise Prices 2004 Price Life (Years) 2004 Price
$ 6.96 to $49.61 3,573,493 $37.95 4.03 3,573,493 $37.95
49.63 to 64.57 11,150,417 56.25 7.07 7,420,941 56.89
64.73 to 76.50 6,708,295 72.26 7.13 2,773,072 71.20
21,432,205 $58.21 6.60 13,767,506 $54.86