AMD 2004 Annual Report Download - page 55

Table of Contents
Section II. General Option Information
The following is a summary of stock option activity for the years ended December 26, 2004 and December 28, 2003:
Year-ended
December 26, 2004
Year-ended
December 28, 2003
Number of
Shares
Weighted-
Average
Exercise
Price
Number of
Shares
Weighted-
Average
Exercise
Price
(in thousands except share price)
Options:
Outstanding at beginning of year 40,969 $ 12.92 60,408 $ 18.58
Granted 26,121 $ 14.54 5,575 $ 9.46
Canceled (3,425) $ 23.20 (22,642) $ 27.69
Exercised (9,981) $ 10.08 (2,372) $ 7.86
Outstanding at end of year 53,684 $ 13.58 40,969 $ 12.92
Exercisable at end of year 32,250 $ 13.72 28,624 $ 13.66
Available for grant at beginning of year 29,613 13,019
Available for grant at end of year 23,901 29,613
In-the-money and out-of-the-money stock option information as of December 26, 2004, was as follows:
Exercisable Unexercisable Total
As of End of Quarter Shares
Weighted
Average
Exercise
Price Shares
Weighted
Average
Exercise
Price Shares
Weighted
Average
Exercise
Price
(in thousands except share price)
In-the-Money 29,071 $ 11.84 21,079 N/A(3) 50,150 $ 12.40
Out-of-the-Money(1) 3,179 $ 30.86 355 N/A(3) 3,534 $ 30.23
Total Options Outstanding 32,250 $ 13.72 21,434 53,684(2) $ 13.58
(1) Out-of-the-money stock options have an exercise price equal to or above $22.12, the closing price of AMD’s common stock, on the last trading day of our
fiscal year, December 23, 2004.
(2) Includes 232,088 shares outstanding from treasury stock as non-plan grants.
(3) Weighted average exercise price information is not available.
Section III. Distribution and Dilutive Effect of Options
Options granted to employees, including officers, and non-employee directors were as follows:
2004 2003 2002
Net grants(1) during the period as % of outstanding shares(2) 5.79% -4.87% 2.44%
Grants to listed officers(3) during the period as % of total options granted 3.59% 11.77% 14.33%
Grants to listed officers during the period as % of outstanding shares 0.24% 0.19% 0.49%
Cumulative options and awards held by listed officers as % of total options and
awards outstanding 11.94% 22.90% 17.93%
(1) Options grants are net of options canceled.
(2) Shares outstanding are as of December 26, 2004, December 28, 2003 and December 29, 2002.
(3) The “listed officers” are those executive officers listed in the summary compensation table in our proxy statements for our annual meeting of stockholders
to be held on April 28, 2005, and the annual meetings of stockholders held in 2004 and 2003.
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Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2005