3Ware 2002 Annual Report Download - page 71

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APPLIED MICRO CIRCUITS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
A summary of the Company’s stock option activity and related information is as follows (options in
thousands):
Fiscal Year Ended March 31,
2000 2001 2002
Options
Weighted
Average
Exercise
Price Options
Weighted
Average
Exercise
Price Options
Weighted
Average
Exercise
Price
Outstanding at beginning of year ....... 21,388 $ 2.02 40,566 $22.16 54,466 $36.22
Granted and assumed ................. 27,596 31.76 24,580 47.90 10,269 18.21
Exercised .......................... (6,366) 1.63 (9,727) 6.68 (3,436) 3.52
Forfeited .......................... (2,052) 4.83 (953) 39.83 (35,492) 51.55
Outstanding at end of year ............. 40,566 $22.16 54,466 $36.22 25,807 $12.33
Vested at end of year ................. 7,798 $ 4.20 13,757 $23.02 14,998 $10.57
The following is a further breakdown of the options outstanding at March 31, 2002 (shares in thousands):
Range of
Exercise Prices
Number
Outstanding
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Number
Exercisable
Weighted
Average
Exercise
Price
$ 0.03–$ 2.95 3,758 5.44 $ 1.29 3,379 $ 1.38
$ 2.96–$ 6.03 3,957 6.81 $ 4.93 2,620 $ 4.84
$ 6.04–$ 6.48 3,640 7.06 $ 6.47 2,271 $ 6.47
$ 6.49–$13.25 3,585 7.61 $10.03 1,828 $10.25
$13.26–$17.45 3,578 7.87 $14.90 1,678 $14.92
$17.46–$20.69 1,427 7.98 $20.00 608 $20.26
$20.70–$22.00 3,486 9.01 $21.95 1,592 $21.95
$22.01–$99.50 2,376 8.23 $31.98 1,022 $34.66
$ 0.03–$99.50 25,807 7.40 $12.33 14,998 $10.57
Employee Stock Purchase Plans
The Company has in effect two employee stock purchase plans under which 14.4 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, 2002, approximately 4.9 million shares had
been issued under the plans and approximately 9.5 million shares were available for future issuance.
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