Supercuts 2010 Annual Report Download - page 135

Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. SHAREHOLDERS' EQUITY (Continued)
options covering 5,200,000 shares of common stock were available for grant under the 1991 Plan and, as of June 30, 2001, all available shares
were granted.
Common shares available for grant under the following plans as of June 30 were:
Stock options outstanding and weighted average exercise prices were as follows:
Outstanding options of 979,821 at June 30, 2010 had an intrinsic value (the amount by which the stock price exceeded the exercise or
grant date price) of less than $0.1 million and a weighted average remaining contractual term of 5.2 years. Exercisable options of 702,571 at
June 30, 2010 had an intrinsic value of less than $0.1 million and a weighted average remaining contractual term of 3.9 years. An additional
252,560 options are expected to vest with a $26.44 per share weighted average exercise price and a weighted average remaining contractual life
of 8.4 years that have a total intrinsic value of zero.
All options granted relate to stock option plans that have been approved by the shareholders of the Company. Stock options granted in
fiscal year 2010 were granted under the 2000 and 2004 plan. Stock options granted in fiscal years 2009 and 2008 were granted under the 2004
Plan.
131
2010 2009 2008
(Shares in thousands)
2000 Plan
4
268
232
2004 Plan
12
103
1,220
16
371
1,452
Options Outstanding
Shares
Weighted
Average
Exercise Price
(in thousands)
Balance, June 30, 2007
2,193
$
22.97
Granted
143
28.57
Cancelled
(97
)
34.17
Exercised
(526
)
16.91
Balance, June 30, 2008
1,713
24.55
Granted
9
35.15
Cancelled
(102
)
30.20
Exercised
(235
)
16.60
Balance, June 30, 2009
1,385
25.55
Granted
135
18.90
Cancelled
(337
)
17.74
Exercised
(203
)
15.12
Balance, June 30, 2010
980
$
29.48
Exercisable June 30, 2010
703
$
30.83