Symantec 2002 Annual Report Download - page 99

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SYMANTEC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
A summary of our stockholder approved and non-approved equity compensation plans as of March 31,
2002 was as follows (in thousands, except exercise price):
Number of Securities Number of Securities
to be Issued Weighted Average Remaining Available for
Upon Exercise of Exercise Price of Issuance Under Equity
Plan Category Outstanding Options Outstanding Options Compensation Plans
Equity compensation plans approved by
security holders* ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 24,528 $23.03 11,611
Equity compensation plans not approved by
security holders ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 3,514 $21.87 4,046
TotalÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 28,042 $22.88 15,657
* Our 1998 Employee Stock Purchase Plan contains an ""evergreen'' provision whereby the number of shares
available for issuance increases automatically on January 1 of each year (beginning in 2000) by 1% of our
outstanding shares of common stock on each immediately preceding December 31 during the term of the
plan.
The total number of shares to be issued upon exercise does not include approximately 742,000
outstanding options as of March 31, 2002 that were assumed as part of various acquisitions. The weighted
average exercise price of these outstanding options was $18.52 as of March 31, 2002. In connection with these
acquisitions, we have only assumed outstanding options and rights, but not the plans themselves, and
therefore, no further options may be granted under these acquired-company plans.
Our non-stockholder approved equity compensation plans include the following:
‚ 2001 Non-QualiÑed Equity Incentive Plan
‚ 1999 Acquisition Plan
‚ 1994 Patent Incentive Plan
‚ Non-qualiÑed stock option and restricted shares granted to John Thompson, CEO of Symantec
‚ Options assumed in connection with our acquisition of AXENT
See above in this Note 12 of Notes to Consolidated Financial Statements for descriptions of these plans.
Note 13. Restructuring, Site Closures and Other Expenses
Restructuring, site closures and other expenses consisted of the following:
Year Ended March 31,
2002 2001 2000
(In thousands)
Employee severance and outplacement ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 2,639 $3,524 $8,065
Excess facilities and equipmentÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 17,789 140 953
Total restructuring, site closures and other expenses ÏÏÏÏÏÏÏÏÏÏÏ $20,428 $3,664 $9,018
During the March 2002 quarter, we recorded approximately $8.1 million for exit costs associated with the
expansion of our Newport News, Virginia site to a larger facility in Newport News, consolidation of most of
our United Kingdom facilities to Maidenhead, UK, and relocation of our Leiden, Netherlands operations to
Dublin, Ireland, in eÅorts to consolidate our European support functions. These costs included approximately
$5.8 million in rent remaining on the abandoned facilities and related exit costs, and $2.3 million in related
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