US Airways 2006 Annual Report Download - page 129
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Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
Stock Options and Stock Appreciation Rights — Stock options and stock appreciation rights ("SARs") are granted with an exercise
price equal to the common stock's fair market value at the date of each grant, generally become exercisable over a three to four-year
period and expire if unexercised at the end of ten years. Stock options and SARs are classified as equity awards. The exercise of SARs
will be settled with the issuance of shares of the Company's common stock.
Stock option and SARs activity for the year ending December 31, 2006 is as follows (stock options and SARs in thousands):
Weighted
Average
Stock Weighted Remaining Aggregate
Options Average Contractual Term Intrinsic Value
and SARs Exercise Price (years) (in millions)
1994 Incentive Equity Plan
Balance at December 31, 2003 1,893 $ 34.19
Granted — —
Exercised (10) 9.21
Forfeited (5) 9.21
Expired (206) 24.32
Balance at December 31, 2004 1,672 $ 35.63
Granted — —
Exercised (167) 18.28
Forfeited — —
Expired (238) 33.74
Balance at December 31, 2005 1,267 $ 38.28
Granted — —
Exercised (455) 23.64
Forfeited — —
Expired (62) 50.93
Balance at December 31, 2006 750 $ 46.10 2.44 $ 7
Vested or expected to vest at December 31, 2006 750 $ 46.10 2.44 $ 7
Exercisable at December 31, 2006 750 $ 46.10 2.44 $ 7
2002 Incentive Equity Plan
Balance at December 31, 2003 1,404 $ 10.51
Granted 814 24.49
Exercised (62) 8.79
Forfeited (58) 17.20
Expired (4) 11.78
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