AMD 1998 Annual Report Download - page 246

The following is a summary of stock option activity and related information (the
repriced options are shown as canceled and granted options in the year they were
repriced):
1998 1997 1996
------------------------- -------------------------- ----------------------------
Weighted- Weighted- Weighted-
average average average
(Shares in thousands) Options exercise price Options exercise price Options exercise price
- ------------------------------------------------------------------------------------------------------------------------------------
Options:
Outstanding at beginning of year 17,780 $ 17.07 18,651 $12.17 16,329 $16.77
Granted 6,555 19.84 3,392 34.33 11,245 12.96
Canceled (2,666) 31.17 (782) 16.05 (7,042) 26.64
Exercised (1,394) 8.38 (3,481) 8.03 (1,881) 4.07
------- ------- -------
Outstanding at end of year 20,275 16.71 17,780 17.07 18,651 12.17
======= ======= =======
Excercisable at end of year 9,697 14.60 8,299 13.28 7,440 9.80
Available for grant at beginning of year 966 3,845 751
Available for grant at end of year 5,653 966 3,845
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The following table summarizes information about options
outstanding at December 27, 1998:
Options outstanding Options exercisable
---------------------------------------------- --------------------------------
Weighted-
average
(Shares in thousands) Number remaining Weighted- Number Weighted-
outstanding contractual average exercisable average
Range of exercise prices at 12/27/98 life (years) exercise price at 12/27/98 exercise price
- -----------------------------------------------------------------------------------------------------------------------------
$ 0.01-$11.88 6,228 5.74 $ 9.52 4,703 $ 9.47
12.13- 14.88 5,268 6.68 14.16 3,189 14.11
15.00- 23.38 5,553 9.33 18.84 316 18.30
24.06- 44.00 3,226 7.72 31.05 1,489 31.04
------- ------
$ 0.01-$44.00 20,275 7.28 16.71 9,697 14.60
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STOCK PURCHASE PLAN We have an employee stock purchase plan (ESPP) that allows
participating U.S. employees to purchase, through payroll deductions, shares of
our common stock at 85 percent of the fair market value at specified dates. At
December 27, 1998, 427,361 common shares remained available for issuance under
the plan. A summary of stock purchased under the plan is shown below:
(Thousands except employee participants) 1998 1997 1996
- ---------------------------------------------------------------------------------------
Aggregate purchase price $14,949 $14,470 $13,138
Shares purchased 952 673 1,035
Employee participants 3,037 3,046 2,963
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STOCK APPRECIATION RIGHTS We may grant stock appreciation rights (SARs) to key
employees under the 1992 stock incentive plan. The number of SARs exercised plus
common stock issued under the stock option plans may not exceed the number of
shares authorized under the stock option plans. We may grant SARs in tandem with
outstanding stock options, in tandem with future stock option grants or
independently of any stock options. Generally, the terms of SARs granted under
the plan are similar to those of options granted under the stock option plans,
including exercise prices, exercise dates and expiration dates. To date, we have
granted only limited SARs, which become exercisable in the event of certain
changes in control of AMD.
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Source: ADVANCED MICRO DEVIC, 10-K, March 29, 1999