eTrade 2001 Annual Report Download - page 154

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$15.60–$30.00 10,359 7.93 $ 24.15 6,317 $ 24.97
$30.39–$58.19 373 7.57 $ 41.06 213 $ 41.33
$ 0.10–$58.19 46,115 8.13 $ 11.05 23,231 $ 11.68
Stock Purchase Plan
In July 1996, the shareowners of the Company approved the 1996 Stock Purchase Plan (the “Purchase Plan”), and reserved 2,600,000
shares of common stock for sale to associates at a price no less than 85% of the lower of the fair market value of the common stock at
the beginning of the two-year offering period or the end of each of the six-month purchase periods. At December 31, 2001, 113,712
shares were available for purchase under the Purchase Plan.
Additional Stock Plan Information
As permitted by SFAS No. 123, the Company applied APB Opinion 25 and related interpretations in accounting for its stock option
plans, and accordingly does not record compensation costs on grants to associates. If the Company had elected to recognize
compensation cost based on the fair value of the option granted at the grant date as prescribed by SFAS No. 123, net income (loss) and
income (loss) per share, basic and diluted, would have been reduced (increased) to the pro forma amounts shown below (in thousands,
except per share amounts):
Year Ended December31,
2001
Three MonthsEnded
December31, 2000 Year Ended September30,
2000 Year Ended September30,
1999
As Reported
Net income (loss) $ (241,532 ) $ 1,353 $ 19,152 $ (56,769 )
Income (loss) per
share—basic
$ (0.73 ) $ 0.00 $ 0.06 $ (0.21 )
Income (loss) per
share—diluted
$ (0.73 ) $ 0.00 $ 0.06 $ (0.21 )
Pro Forma
Net loss $ (316,485 ) $ (24,338 ) $ (108,913 ) $ (131,877 )
Loss per
share—basic
$ (0.95 ) $ (0.08 ) $ (0.36 ) $ (0.48 )
Loss per
share—diluted
$ (0.95 ) $ (0.08 ) $ (0.36 ) $ (0.48 )
135
Table of Contents
The Company’ s calculations were made using the minimum value method and Black-Scholes option-pricing models with the following
weighted average assumptions applied to grants made in the fiscals:
Year Ended
December31,
2001
Three MonthsEnded
December31, 2000 Year Ended
September30, 2000 Year Ended
September30, 1999
2002. EDGAR Online, Inc.