World Fuel Services 2007 Annual Report Download - page 81

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64435 TX 73WORLD FUEL SERVICES
ANNUAL REPORT
28-Feb-2008 00:14 EST
CLN PSTAM
RR Donnelley ProFile SER kirkw0cm 7*
PMT 2C
CHMFBUAC350855
9.9.26
WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table summarizes the status of our stock options outstanding and exercisable, and related
transactions for each of the following years (in thousands, except weighted average exercise price and weighted
average remaining contractual life data):
Stock Options Outstanding Stock Options Exercisable
Stock
Options
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Weighted
Average
Remaining
Contractual
Life (in Years)
Stock
Options
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Weighted
Average
Remaining
Contractual
Life (in Years)
At December 31, 2004 ....... 2,309 $10.31 $33,542 4.0 1,540 $ 8.44 $25,348 4.2
Granted .................. 70 25.02
Exercised ................. (400) 10.08
At December 31, 2005 ....... 1,979 10.87 45,220 3.1 1,641 10.27 38,481 3.2
Exercised ................. (985) 8.20
Forfeited ................. (7) 28.05
At December 31, 2006 ....... 987 13.49 30,257 1.9 966 13.45 29,967 1.9
Exercised ................. (82) 11.71
At December 31, 2007 ....... 905 $13.74 $13,722 0.9 905 $13.74 $13,722 0.9
The aggregate intrinsic value of stock options exercised during 2007, 2006 and 2005 was $2.4 million,
$35.9 million and $8.6 million, respectively, based on the difference between the average of the high and low
market price of our common stock at the exercise date and the stock option exercise price.
The following table summarizes the status of our SSARs outstanding and exercisable, and related
transactions for each of the following years (in thousands, except weighted average exercise price and weighted
average remaining contractual life data):
SSARs Outstanding SSARs Exercisable
SSARs
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Weighted
Average
Remaining
Contractual
Life (in Years) SSARs
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Weighted
Average
Remaining
Contractual
Life (in Years)
At December 31, 2004 . . . — $ — $ — — — $ — $— —
Granted ............... 369 24.63
At December 31, 2005 . . . 369 24.63 3,316 4.3 — — — —
Granted ............... 1,006 37.24
Forfeited .............. (110) 34.83
At December 31, 2006 . . . 1,265 33.77 13,527 4.0 2 23.23 47 3.5
Granted ............... 43 42.07
Forfeited .............. (8) 40.20
At December 31, 2007 . . . 1,300 $34.00 $ 1,576 3.0 248 $27.10 $857 2.3
73