3Ware 2001 Annual Report Download - page 38

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A summary of the Company’s stock option activity, including those issued outside of the plans, and related infor-
mation are as follows:
Fiscal Year Ended March 31,
1999 2000 2001
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
(shares in thousands) Options Price Options Price Options Price
Outstanding at beginning of year . . . . . . . 21,460 $0.86 21,388 $ 2.02 40,566 $22.16
Granted and assumed . . . . . . . . . . . . . 12,162 2.31 27,596 31.76 24,580 47.90
Exercised . . . . . . . . . . . . . . . . . . . . . . (10,520) 0.15 (6,366) 1.63 (9,727) 6.68
Forfeited . . . . . . . . . . . . . . . . . . . . . . . (1,714) 1.04 (2,052) 4.83 (953) 39.83
Outstanding at end of year . . . . . . . . . . . . 21,388 $2.02 40,566 $22.16 54,466 $36.22
Vested at end of year . . . . . . . . . . . . . . . . 5,428 $0.91 7,798 $ 4.20 13,757 $23.02
The following is a further breakdown of the options outstanding at March 31, 2001 (shares in thousands):
Weighted- Weighted- Weighted-
Average Remaining Average Average
Range of Number Contractual Exercise Number Exercise
Exercise Prices Outstanding Life Price Exercisable Price
$ 0.03–$ 3.44 6,873 6.59 $ 1.70 4,115 $ 1.42
$ 3.45–$ 6.48 8,522 7.98 $ 5.85 2,625 $ 5.78
$ 6.49–$ 22.97 7,926 8.38 $14.75 2,149 $13.56
$22.98–$ 35.98 6,845 8.89 $31.91 1,704 $33.17
$35.99–$ 53.88 7,973 9.53 $50.97 562 $48.25
$53.89–$ 69.25 5,531 9.47 $65.16 296 $59.40
$69.26–$ 70.44 7,338 8.95 $70.43 1,704 $70.43
$70.45–$104.25 3,458 9.40 $84.61 602 $75.24
$ 0.03–$104.25 54,466 8.58 $36.22 13,757 $23.02
E M P L O Y E E S T O C K P U R C H A S E P L A N S
The Company has in effect various employee stock purchase plans under which 6.6 million shares of common stock
have been reserved for issuance. Under the terms of the plans, purchases are made semiannually and the purchase
price of the common stock is equal to 85% of the fair market value of the common stock on the first or last day of
the offering period, whichever is lower. At March 31, 2001, approximately 4.2 million shares had been issued under
the plans and approximately 2.4 million shares were available for future issuance.
C O M M O N S H A R E S R E S E RV E D F O R F U T U R E I S S U A N C E
At March 31, 2001, the Company has the following shares of common stock reserved for issuance upon the exercise
of equity instruments (in thousands):
Stock options:
Issued and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,466
Authorized for future grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,699
Stock purchase plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,443
82,608
3 6
N O T E S T O C O N S O L I D A T E D F I N A N C I A L S TAT E M E N T S