eBay 2005 Annual Report Download - page 116

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
The following table summarizes activity under our equity incentive plans for the years ended Decem-
ber 31, 2003, 2004 and 2005 (shares in thousands):
Year Ended December 31,
2003 2004 2005
Weighted Weighted Weighted
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding at beginning of period ÏÏÏÏÏ 148,714 $13.43 138,410 $16.93 137,208 $23.63
Granted and assumed ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 53,388 22.63 43,628 38.27 34,991 38.36
Exercised ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (52,288) 12.96 (38,718) 16.17 (31,458) 17.91
Cancelled ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (11,404) 16.18 (6,112) 23.73 (11,632) 32.71
Outstanding at end of period ÏÏÏÏÏÏÏÏÏÏ 138,410 16.93 137,208 23.63 129,109 28.19
Options exercisable at end of period ÏÏÏÏ 45,010 $13.92 49,346 $16.77 59,571 $21.67
The following table summarizes information about fixed stock options outstanding at December 31, 2005
(shares in thousands):
Options Exercisable at
Options Outstanding at December 31, 2005 December 31, 2005
Weighted Weighted Weighted
Number of Average Average Number of Average
Shares Remaining Exercise Shares Exercise
Range of Exercise Prices Outstanding Contractual Life Price Exercisable Price
$ 0.08 Ì $13.73 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 14,106 5.1 years $ 7.82 11,485 $ 8.02
$13.74 Ì $15.11 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 13,026 6.3 14.28 10,104 14.32
$15.13 Ì $19.39 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 20,274 6.5 18.24 13,515 17.94
$19.39 Ì $27.38 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 15,403 7.2 24.59 8,244 24.25
$27.43 Ì $34.57 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 6,927 8.2 31.00 2,435 30.46
$34.62 Ì $41.50 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 31,453 8.6 36.17 8,402 35.33
$42.51 Ì $42.58 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 15,587 9.2 42.52 2,803 42.54
$42.96 Ì $58.21 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 12,333 9.1 46.99 2,583 47.04
129,109 7.6 $28.19 59,571 $21.67
Exercisable Unexercisable Total
Weighted Weighted Weighted
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
In-the-money ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 56,952 $20.63 60,339 $31.61 117,291 $26.28
Out-of-the-money ÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,452 47.26 9,366 47.14 11,818 47.16
Total options outstanding ÏÏÏÏÏÏÏ 59,404 $21.73 69,705 $33.70 129,109 $28.19
In-the-money options are options with an exercise price lower than the $43.22 closing price of our
common stock on December 31, 2005. Out-of-the-money options are options with an exercise price greater
than the $43.22 closing price of our common stock on December 31, 2005.
In connection with the change in status from an employee to a non-employee, we were required, in
accordance with FASB Interpretation No. 44 ""Accounting for Certain Transactions Involving Stock
Compensation Ì an interpretation of APB Opinion No. 25'' and EITF 00-23 ""Issues Related to the
112