Symantec 2006 Annual Report Download - page 108

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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements Ì (Continued)
Stock option activity
The following table summarizes our stock option plans as of March 31, 2006, 2005, and 2004 and the
activity for the years ended on those dates.
Year Ended March 31,
2006 2005 2004
Weighted- Weighted- Weighted-
Number of Average Number of Average Number of Average
Shares Exercise Price Shares Exercise Price Shares Exercise Price
(In thousands, except per share amounts)
Outstanding, beginning of year ÏÏÏÏ 68,773 $12.08 79,542 $ 8.36 94,476 $ 6.36
Granted and assumed in
acquisitions ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 85,858 $21.27 14,496 24.06 18,996 14.49
ExercisedÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (17,152) $ 9.50 (21,132) 6.13 (28,708) 5.83
Cancelled ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (14,456) $22.51 (4,133) 12.92 (5,222) 8.26
Outstanding, end of year ÏÏÏÏÏÏÏÏÏ 123,023 $17.72 68,773 12.08 79,542 8.36
Exercisable, end of year ÏÏÏÏÏÏÏÏÏ 83,213 $17.04 35,663 7.48 35,648 5.95
The following table summarizes information about options outstanding as of March 31, 2006:
Outstanding Options Exercisable Options
Weighted
Average Weighted Weighted
Contractual Average Average
Number of Life (In Exercise Number of Exercise
Range of Exercise Prices Shares Years) Price Shares Price
(In thousands) (In thousands)
$ 0.52 - $ 5.00 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 11,521 4.39 $ 3.72 10,888 $ 3.81
$ 5.01 - $ 10.00 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 20,422 5.18 $ 7.86 18,278 $ 7.80
$10.01 - $ 15.00 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 19,254 6.66 $13.48 13,763 $13.59
$15.01 - $ 20.00 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 15,513 6.33 $17.30 7,378 $17.22
$20.01 - $ 26.99 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 35,600 6.59 $22.72 12,899 $23.27
$27.00 - $ 35.00 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 15,195 7.84 $29.00 14,519 $29.04
$35.01 - $118.70 ÏÏÏÏÏÏÏÏÏÏÏÏÏ 5,518 5.24 $36.01 5,488 $36.01
123,023 6.22 $17.72 83,213 $17.04
These options will expire if not exercised by specific dates through October 2015. During the three years
ended March 31, 2006, options were exercised at prices ranging from $0.17 to $23.63.
Share reserves
As of March 31, 2006, we had reserved the following shares of authorized but unissued common stock:
Stock purchase plans ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 18,608,000
Stock award plans ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 42,000
Employee stock option plans ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 149,201,000
Total ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 167,851,000
Note 12. Restructuring
As of March 31, 2006, we had a restructuring reserve of $30 million, of which $20 million was included in
Other accrued expenses in the Consolidated Balance Sheets and $10 million was included in Other long-term
liabilities in the Consolidated Balance Sheets. The restructuring reserve consists of $9 million related to a
102