Autodesk 2002 Annual Report Download - page 51

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The 2000 Directors’ Option Plan, which was approved by stockholders, allows for an annual grant of
options to members of Autodesk’s outside Board of Directors. At January 31, 2002 a total of 0.7 million shares
were available for future issuance.
Options granted under the above mentioned plans vest over periods ranging from one to five years and
generally expire within ten years. The exercise price of the stock options is generally at least equal to the fair
market value of the stock on the grant date.
A summary of stock option activity is as follows:
Number of
shares
Weighted
average
price per
share
(Shares in thousands)
Options outstanding at January 31, 1999 ........................ 27,844 $16.14
Granted .............................................. 11,968 13.35
Exercised ............................................. (2,174) 10.53
Canceled ............................................. (5,804) 17.33
Options outstanding at January 31, 2000 ........................ 31,834 $15.24
Granted .............................................. 8,910 16.00
Exercised ............................................. (7,392) 13.05
Canceled ............................................. (6,354) 16.87
Options outstanding at January 31, 2001 ........................ 26,998 $15.72
Granted .............................................. 8,724 16.77
Exercised ............................................. (5,017) 12.62
Canceled ............................................. (1,541) 17.42
Options outstanding at January 31, 2002 ........................ 29,164 $16.50
Options exercisable at January 31, 2002 ......................... 12,597 $17.12
Options available for grant at January 31, 2002 ................... 8,998 —
The following table summarizes information about options outstanding and exercisable at January 31, 2002:
Options Exercisable Options Outstanding
Number of
shares (in
thousands)
Weighted
average
exercise
price
Number of
shares (in
thousands)
Weighted
average
contractual
life (in
years)
Weighted
average
exercise
price
Range of per share exercise prices:
$ 0.01–12.53 ............... 3,050 $11.56 6,471 7.3 $11.38
$12.84–16.28 ............... 2,798 14.98 7,769 7.9 15.16
$16.50–18.58 ............... 2,885 17.75 8,952 8.4 17.53
$18.66–36.75 ............... 3,864 22.57 5,973 6.7 22.23
12,597 $17.12 29,164 7.7 $16.50
These options will expire if not exercised at specific dates ranging through January 2012.
A total of 43.0 million shares of Autodesk’s common stock have been reserved for future issuance under
existing stock option and stock purchase programs.
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