World Fuel Services 2005 Annual Report Download - page 74

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WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Unvested restricted common stock will vest between January 2006 and June 2009. In April 2004, we
granted 38 thousand shares of restricted common stock in connection with our acquisition of Tramp Oil. The
following table summarizes the status of our unvested restricted stock outstanding and related transactions for
2003, 2004 and 2005 (in thousands):
Restricted
Stock
Outstanding
Restricted outstanding at December 31, 2002 ........................... 230
Granted and issued ................................................ 62
Vested .......................................................... (12)
Restricted outstanding at December 31, 2003 ........................... 280
Granted and issued ................................................ 156
Granted and issued in connection with an acquisition ..................... 38
Vested .......................................................... (12)
Forfeited ........................................................ (10)
Restricted outstanding at December 31, 2004 ........................... 452
Granted and issued ................................................ 88
Vested .......................................................... (109)
Forfeited ........................................................ (3)
Restricted outstanding at December 31, 2005 ........................... 428
The following table summarizes the status of our stock options outstanding and exercisable, and related
transactions for 2003, 2004 and 2005 (in thousands, except weighted average exercise price data):
Options Outstanding Options Exercisable
Options
Weighted
Average
Exercise
Price Options
Weighted
Average
Exercise
Price
Options outstanding at December 31, 2002 .... 2,406 $ 6.57 1,898 $ 6.45
Granted ................................ 1,046 12.97
Exercised ............................... (144) 6.41
Options outstanding at December 31, 2003 .... 3,308 8.60 2,130 6.49
Granted ................................ 103 20.48
Exercised ............................... (1,080) 6.02
Forfeited/expired ......................... (32) 11.50
Options outstanding at December 31, 2004 .... 2,299 10.31 1,540 8.44
Granted ................................ 70 25.02
Exercised ............................... (400) 10.08
Options outstanding at December 31, 2005 .... 1,969 $10.87 1,641 $10.24
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