Adobe 2004 Annual Report Download - page 48

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48
General Option Information
The following table sets forth the summary of option activity under our stock option program for fiscal 2004,
2003 and 2002:
Outstanding Options
Options
Available for
Grant
Number of
Shares
Weighted
Average
Exercise
Price
November 30, 2001.............. 12,818,238 54,284,317 $ 36.66
Granted ............................. (11,973,680) 11,973,680 28.77
Exercised........................... ― (3,688,534) 15.99
Canceled ........................... 4,722,413 (4,722,413) 45.20
November 29, 2002.............. 5,566,971 57,847,050 35.64
Granted ............................. (1,994,130) 1,994,130 33.12
Exercised........................... ― (7,978,054) 23.81
Canceled ........................... 9,388,535 (9,393,473) 58.00
Expired.............................. (8,006) ― ―
November 28, 2003.............. 12,953,370 42,469,653 32.80
Granted ............................. (10,379,755) 10,379,755 42.13
Exercised........................... ― (13,293,864) 27.10
Canceled ........................... 1,289,228 (1,289,228) 40.91
Expired.............................. (9,259) ― ―
Increased authorization ..... 4,500,000 ― ―
December 3, 2004 ................ 8,353,584 38,266,316 $37.04
The following table sets forth a comparison, as of December 3, 2004, of the number of shares subject to our
options whose exercise prices were at or below the closing price of our common stock on December 3, 2004 (“In-
the-Money” options) to the number of shares subject to options whose exercise prices were greater than the closing
price of our common stock on such date (“Out-of-the-Money” options):
Exercisable Unexercisable Total
Percentage of
Total Options
Outstanding
In-the-Money(*) .............................. 19,358,902 15,829,275 35,188,177 92%
Out-of-the-Money(*) ..................... 3,077,805 334 3,078,139 8%
Total Options Outstanding ......... 22,436,707 15,829,609 38,266,316 100%
(*) The closing price of our common stock was $62.96 on December 3, 2004, as reported by the Nasdaq National Market.