THQ 2005 Annual Report Download - page 37

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Securities Authorized for Issuance Under Equity Compensation Plans
Information for our equity compensation plans in effect as of March 31, 2005 is as follows (amounts in
thousands, except per share amounts):
(a) (b) (c)
Number of securities
remainingavailable for
Number of securities future issuance under
to be issued upon Weighted-average equity compensation
exercise ofexercise price of plans (excluding
outstanding options,outstanding options, securities reflected in
Plan Category warrants and rightswarrants and rights column (a))
Equity compensation plans approved by
security holders....................... 5,305,365 $20.44 3,199,514
Equity compensation plans not approved
by securityholders..................... 1,616,470(1) $17.31 93,965
Total.................................. 6,921,835 $19.71 3,293,479
(1) Represents the aggregate number of shares of THQ common stock to be issued upon exercise of
individual compensation arrangements with employee and non-employee option and warrantholders.
The outstanding options were primarily granted under the Company’s Third Amended and Restated
Nonexecutive Employee Stock Option Plan (the “NEEP Plan”). For a description of the material
features of the NEEP Plan, see “Note 11—Stock Option Plans” in the notes to the consolidated
financial statements.
Stock Option Exchange Program
On June21, 2004, we granted 758,836 replacement options to employees pursuantto the Option Exchange
Program (the “Program”) adopted at the annual meeting of our stockholders held on August 12, 2003.
Under the Program, eligible employees, excluding all of our executive officers and directors, were offered a
one-time opportunity to exchange certain “out-of-the-money” stock options for options to purchase a
lesser number of shares of common stock at a new exercise price per share. The replacement options have
an exercise price of $21.73, which was the closing price of a share of our common stock on the Nasdaq
Stock Market on June21, 2004. Pursuant to the Program, the options were fully vested on December 21,
2004, as longas the optionholder was an employee of the Company on such date.
Securities Issued in Private Transactions
During the fiscal year ended March 31, 2005, we finalized the terms of warrants we issued in exchange for
rights to publish video games based on a licensors’intellectual properties. We issued 160,000 warrants to
purchase our common stock. The warrants are convertible into our common stock at a purchase price of
$20.23, which is equal to the closing sale price of a share of our common stock on the date of the grant.
The warrants expire on December 31, 2009.
Purchases of EquitySecurities by the Issuer and AffiliatedPurchases
There were no repurchases of our common stock by the Company during the three months ended March
31, 2005.
Item 6. Selected Consolidated Financial Data
The following table summarizes certain selected consolidated financial data, which should be read in
conjunction with our consolidated financial statements and Notes thereto and withManagement’s
Discussion and Analysis of Financial Condition and Results of Operations included elsewhere herein.