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44
Option Grants in Last Fiscal Year
Individual Grants Potential Realizable Value
at Assumed Annual Rates of
Stock Price Appreciation
for Option Term
(in actual dollars)
Granted
Number of
Securities
Underlying
Options
Granted
(actual shares)
% of Total
Options
Granted to
Employees in
Fiscal Year(1)
Exercise
Price
(per share)
Expiration
Date 5% 10%
Bruce R. Chizen....... 1,090 0.01 % $ 26.47 11/12/09 $ 11,746 $ 27,373
848,910 7.20 26.47 11/12/09 9,147,810 21,318,288
Shantanu Narayen .... 4,100 0.03 26.47 11/12/09 44,181 102,961
495,900 4.20 26.47 11/12/09 5,343,793 12,453,309
Murray J. Demo ....... 3,850 0.03 26.47 11/12/09 41,487 96,683
496,150 4.21 26.47 11/12/09 5,346,487 12,459,588
Jim Stephens…....… 4,150 0.04 26.47 11/12/09 44,720 104,217
295,850 2.51 26.47 11/12/09 3,188,064 7,429,545
Bryan Lamkin…….. 4,475 0.04 26.47 11/12/09 48,222 112,379
295,525 2.50 26.47 11/12/09 3,184,562 7,421,384
____________________________
(1) Based on approximately 12.0 million shares subject to options granted to employees under our option plans during
fiscal 2002.
Stock Option Exercises and Option Holdings
The following table shows stock options exercised by the Named Executive Officers in fiscal 2002, including
the total value of gains on the date of exercise based on actual sale prices or on the closing price that day if the
shares were not sold that day, in each case less the exercise price of the stock options. In addition, the number of
shares covered by both exercisable and non-exercisable stock options, as of November 29, 2002, is shown. Also
reported are the values for “In-the-Money” options. The dollar amounts shown in the “In-the-Money” column
represent the positive spread between the exercise price of any such existing stock options and closing price as of
November 29, 2002 of our common stock.
Aggregated Option Exercises in Last Fiscal Year and Fiscal Year End Option Values
(in actual shares and dollars)
Number of Securities
Number
of
Underlying
Unexercised
Value of Unexercised
In-the-
Shares
Acquired on Value
Options at
November 29, 2002
Money Options at
November 29, 2002 (2)
Name Exercise Realized (1) Exercisable Unexercisable Exercisable Unexercisable
Bruce R. Chizen………… 150
,
000 $ 3
,
905
,
278 1
,
396
,
990 1
,
762
,
501 $ 539
,
591 $ 3
,
944
,
67
8
Shantanu
N
ara
y
en……… 27,000 723,928 826,532 1,004,168 1,386,67
8
2,282,449
Murra
y
J. Demo………...
580,157 920,835 457,82
2
2,056,715
Jim Ste
p
hens………..…. 52,500 1,561,705 480,834 608,334 208,838 1,390,975
Br
y
an Lamkin…………..
559,604 614,584 346,934 1,342,600
(1) The “value realized” represents the total value of gains on the date of exercise based on actual sale prices or on the closing
price that day if the shares were not sold that day, in each case less the exercise price of the stock options.
(2) Option values are based on the closing price of our common stock on November 29, 2002 of $29.53, as reported by the
Nasdaq National Market.