eBay 2003 Annual Report Download - page 122

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (CONTINUED)
at a rate of 2.08% per month thereafter, and expire 10 years from the date of grant. Stock options issued
prior to June 1998, were exercisable immediately, subject to repurchase rights held by us, which lapse over
the vesting period. At December 31, 2003, 51.3 million shares were available for future grant under our
stock option plans.
The following table summarizes activity under our stock option plans for the years ended
December 31, 2001, 2002 and 2003 (shares in thousands):
Year Ended December 31,
2001 2002 2003
Weighted Weighted Weighted
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding at beginning of period ÏÏÏÏÏ 52,502 $19.50 70,208 $23.12 74,357 $26.86
Granted ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 39,242 23.44 33,733 26.71 26,694 45.25
Exercised ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (13,626) 8.63 (19,538) 13.08 (26,144) 25.91
Cancelled ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (7,910) 25.60 (10,046) 26.99 (5,702) 32.36
Outstanding at end of period ÏÏÏÏÏÏÏÏÏÏ 70,208 $23.12 74,357 $26.86 69,205 $33.86
Options exercisable at end of period ÏÏÏÏ 20,930 $20.84 26,248 $26.29 22,505 $27.84
The following table summarizes information about Ñxed stock options outstanding at December 31,
2003 (shares in thousands):
Options Outstanding at Options Exercisable at
December 31, 2003 December 31, 2003
Weighted Weighted Weighted
Number of Average Average Number of Average
Range of Shares Remaining Exercise Shares Exercise
Exercise Prices Outstanding Contractual Life Price Exercisable Price
$0.10 - $23.43 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 11,593 6.6 years $16.04 7,293 $14.33
$23.44 - $29.02 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 16,553 8.2 28.01 4,499 27.86
$29.03 - $37.13 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 12,729 7.6 32.33 5,365 32.49
$37.19 - $38.77 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 11,913 8.7 38.55 3,041 38.24
$38.78 - $54.75 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 13,502 8.9 48.70 2,155 45.08
$54.86 - $63.40 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,915 9.5 56.82 152 58.14
69,205 8.1 $33.86 22,505 $27.84
Exercisable Unexercisable Total
Weighted Weighted Weighted
Average Average Average
Shares Exercise Price Shares Exercise Price Shares Exercise Price
In-the-Money ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 22,505 $27.84 46,700 $36.77 69,205 $33.86
Out-of-the-Money ÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì Ì
Total options outstanding ÏÏÏÏÏÏ 22,505 $27.84 46,700 $36.77 69,205 $33.86
In-the-money options are options with an exercise price lower than the $64.61 closing price of our
common stock on December 31, 2003. Out-of-the-money options are options with an exercise price greater
than the $64.61 closing price of our common stock on December 31, 2003.
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