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Jarden Corporation
Notes to Consolidated Financial Statements (cont’d)
December 31, 2004
percentage point decrease in health care costs would affect the aggregate annual service and interest
costs under the Company’s postretirement plans by less than $0.1 million.
11. Equity and Stock Plans
On September 30, 2003, the Company completed a public offering (“Offering”) of approximately
4.8 million shares of its common stock at $24.67 per share. The proceeds from the Offering, net of
underwriting fees and related expenses, totaled approximately $112.3 million. The net proceeds of the
Offering were used for a combination of general corporate purposes, acquisitions and debt repayment.
The Company maintains the 2003 Stock Incentive Plan, which allows for grants of stock options,
restricted stock and stock bonuses. As of December 31, 2004, there were approximately 0.5 million
shares available for grant under this long-term equity incentive plan.
During 2002 and prior years, the Company granted stock options to key employees and non-
employee directors under the 2001 Stock Option Plan, the 1998 Long-Term Equity Incentive Plan, the
1993 Stock Option Plan and the 1993 and 1996 Stock Option Plans for Non-employee Directors. There
are no remaining shares available for grant under any of these plans.
A summary of the Company’s stock option activity for the years ended December 31, 2004, 2003 and
2002 is as follows:
Shares
Weighted Avg.
Option Price Price Range
Outstanding as of December 31, 2001 ................... 2,768,917 $ 4.38 $ 3.65-$9.31
New options granted ................................. 1,761,750 12.51 6.25-18.10
Exercised ........................................... (2,057,624) 4.25 3.65-11.51
Canceled ........................................... (52,050) 10.11 3.65-11.51
Outstanding as of December 31, 2002 ................... 2,420,993 10.37 3.65-18.10
New options granted ................................. 535,500 21.00 15.97-25.82
Exercised ........................................... (280,143) 6.01 3.65-17.43
Canceled ........................................... (53,886) 12.38 4.33-19.20
Outstanding as of December 31, 2003 ................... 2,622,464 12.97 3.65-25.82
New options granted ................................. 469,250 35.05 28.33-42.85
Exercised ........................................... (302,297) 8.11 3.65-19.71
Canceled ........................................... (55,186) 13.54 4.33-25.82
Outstanding as of December 31, 2004 ................... 2,734,231 $17.28 $3.65-$42.85
Exercisable as of December 31, 2002 .................... 493,310 $ 5.03 $ 3.65-$9.31
Exercisable as of December 31, 2003 .................... 743,912 9.60 3.65-18.10
Exercisable as of December 31, 2004 .................... 1,020,873 12.11 3.65-25.82
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