Adobe 2005 Annual Report Download - page 49

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49
General Option Information
The following table sets forth the summary of option activity under our stock option program for fiscal 2005,
2004 and 2003:
Outstanding Options
Options
Available for
Grant
Number of
Shares
Weighted
Average
Exercise
Price
November 29, 2002.............. 11,133,942 115,694,100 $ 17.82
Granted ............................. (3,988,260) 3,988,260 16.56
Exercised........................... ― (15,956,108) 11.91
Canceled ........................... 18,777,070 (18,786,946) 29.00
Expired.............................. (16,012) ― ―
November 28, 2003.............. 25,906,740 84,939,306 16.40
Granted ............................. (20,759,510) 20,759,510 21.07
Exercised........................... ― (26,587,728) 13.55
Canceled ........................... 2,578,456 (2,578,456) 20.46
Expired.............................. (18,518) ― ―
Increased authorization ..... 9,000,000 ― ―
December 3, 2004 ................ 16,707,168 76,532,632 18.52
Granted ............................. (11,418,499) 11,418,499 31.88
Exercised........................... ― (20,494,162) 15.32
Canceled ........................... 2,205,685 (2,205,685) 21.52
Increased authorization ..... 16,800,000 ― ―
December 2, 2005 ................ 24,294,354 65,251,2 84 $ 21.76
The following table sets forth a comparison, as of December 2, 2005, 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 2, 2005 (“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(*) .............................. 41,989,006 23,152,478 65,141,484 100%
Out-of-the-Money(*) ..................... 109,800 ― 109,800
†%
Total Options Outstanding ......... 42,098,806 23,152,478 65,251,284 100%
(*) The closing price of our common stock was $34.97 on December 2, 2005, as reported by the Nasdaq National Market.
(†) Less than 1%