Amazon.com 2006 Annual Report Download - page 76

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AMAZON.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Scheduled vesting for outstanding restricted stock units at December 31, 2006 is as follows (in millions):
Year Ended December 31,
2007 2008 2009 2010 2011 Thereafter Total
Scheduled vesting—restricted stock units ........ 3.4 5.0 3.1 1.9 0.6 0.5 14.5
The following table summarizes our stock option activity:
Number of
Options
(in millions)
Weighted
Avg
Exercise Price
Outstanding at December 31, 2003 ............................... 25.0 $12.46
Options granted .......................................... 0.1 33.80
Options exercised ........................................ (1.2) 15.66
Options terminated ....................................... (5.5) 10.78
Outstanding at December 31, 2004 ............................... 18.4 $12.98
Options granted .......................................... 0.1 36.84
Options exercised ........................................ (1.1) 10.40
Options terminated ....................................... (5.6) 12.00
Outstanding at December 31, 2005 ............................... 11.8 $14.28
Options granted .......................................... — —
Options exercised ........................................ (3.9) 8.86
Options terminated ....................................... (0.5) 13.75
Outstanding at December 31, 2006 ............................... 7.4 $17.18
The following table summarizes information about stock options outstanding at December 31, 2006:
Stock Options Outstanding Stock Options Vested
Range of Exercise Prices
Number of
Awards
Remaining
Life (yrs)
Weighted
Avg
Exercise
Price
Number of
Awards
Weighted
Avg
Exercise
Price
(in millions) (in millions)
$ 0.39 – $ 10.00 .............................. 5.1 4.2 $ 7.78 3.3 $ 7.66
10.01 – 30.00 .............................. 1.1 4.3 17.70 0.9 17.61
30.01 – 50.00 .............................. 0.5 5.3 38.39 0.4 38.30
50.01 – 70.00 .............................. 0.1 2.2 59.51 0.1 59.54
70.01 – 104.97 .............................. 0.6 2.3 72.11 0.5 72.29
$ 0.39 – $104.97 .............................. 7.4 4.1 $17.18 5.2 $18.65
The aggregate intrinsic value of stock options outstanding at 2006 and 2005 was $292 million and $554
million, of which $204 million and $294 million relates to vested awards. Intrinsic value for stock options is
calculated based on the difference between the exercise price of the underlying awards and the quoted price of
our common stock as of the reporting date.
As matching contributions under our 401(k) savings plan, we granted 0.15 million and 0.09 million shares
of common stock for years ended 2006 and 2005. Shares granted as matching contributions under our 401(k)
plan and shares of restricted stock are included in outstanding common stock when issued.
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