Amazon.com 2000 Annual Report Download - page 64

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Stock Option Activity
The following table summarizes the Company’s stock option activity:
Number
of Shares
Weighted
Average
Exercise Price
(in thousands)
Balance January 1, 1998 ................................... 54,664 $ 0.75
Options granted and assumed ............................ 39,548 12.73
Options canceled ..................................... (7,537) 4.10
Options exercised .................................... (10,666) 0.55
Balance December 31, 1998 ................................ 76,009 6.69
Options granted and assumed ............................ 31,739 63.60
Options canceled ..................................... (11,281) 19.70
Options exercised .................................... (16,125) 4.00
Balance December 31, 1999 ................................ 80,342 27.76
Options granted ..................................... 20,717 38.13
Options canceled ..................................... (18,291) 39.37
Options exercised .................................... (12,330) 3.63
Balance December 31, 2000 ................................ 70,438 32.17
At December 31, 2000, 52 million shares of common stock were available for future grant under the
Plans.
The following table summarizes information about options outstanding and exercisable at December 31,
2000:
Options Outstanding Options Exercisable
Weighted Average Weighted
Average
Exercise Price
Range of
Exercise Prices
Number of
Options
Remaining
Life (yrs)
Exercise
Price
Number
of Options
(in thousands) (in thousands)
$ 0.014 –$ 1.000 9,843 5.9 $ 0.40 4,391 $ 0.35
1.167 – 6.979 8,330 6.9 4.35 2,457 3.88
6.990 – 16.333 7,572 7.4 9.68 2,495 9.73
16.521 – 21.656 4,430 7.7 19.61 1,504 19.72
21.833 – 30.875 13,358 9.6 30.60 81 23.92
30.900 – 55.125 7,580 8.9 46.53 929 46.38
55.187 – 63.250 8,456 11.6 60.65 1,136 59.71
63.437 – 71.281 7,392 8.6 68.16 673 67.29
71.687 – 104.969 3,477 8.6 82.65 650 82.72
0.014 – 104.969 70,438 8.4 32.17 14,316 19.34
Deferred Stock-Based Compensation
The Company recorded an adjustment to reduce previously recorded deferred stock-based compensation of
$3 million, relating to the termination of employment prior to vesting of certain employees acquired from
business combinations. In the years ended December 31, 1999 and 1998, the Company recorded aggregate
AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
56