Adaptec 2003 Annual Report Download - page 77

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that may be granted under the 2001 Plan equals (i) the number of shares reserved under the assumed stock option plans that were not
subject to outstanding or exercised options plus (ii) the number of options that were outstanding at the time the plans were assumed
but that have subsequently been cancelled plus (iii) 10 million shares that were added to the plan in 2003.
Option activity under the option plans was as follows:
Options
Available
For Issuance
Number of
Options
Outstanding
Weighted
Average
Exercise
Price
Per Share
Balance at December 31, 2000 5,780,637 24,036,053 $ 34.91
Additional shares reserved 8,111,005
Granted (14,838,436) 14,838,436 $ 18.51
Exercised — (2,995,129) $ 6.30
Expired (4,504) — —
Repurchased 86,658 — —
Cancelled 3,774,971 (3,774,971) $ 61.92
Cancelled but unavailable (117,285) — —
Balance at December 31, 2001 2,793,046 32,104,389 $ 26.82
Additional shares reserved 8,284,696
Granted (658,111) 658,111 $ 7.39
Exercised — (964,794) $ 2.76
Expired — — —
Repurchased 14,367 — —
Cancelled 20,652,984 (20,652,984) $ 36.77
Cancelled but unavailable (230,181) — —
Balance at December 31, 2002 30,856,801 11,144,722 $ 9.51
Additional shares reserved 18,372,092
Granted (17,717,775) 17,717,775 $ 6.09
Exercised — (4,979,802) $ 5.75
Expired — — —
Repurchased — — —
Cancelled 1,774,355 (1,774,355) $ 11.67
Cancelled but unavailable (861) — —
Balance at December 31, 2003 33,284,612 22,108,340 $ 7.51
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