Autodesk 2004 Annual Report Download - page 69

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Options granted under the above mentioned plans vest over periods ranging from one to five years
and generally expire within ten years from the date of grant. The exercise price of the stock options is 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, 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
Granted ........................................................ 7,356 15.41
Options assumed in acquisitions .............................. 255 1.51
Exercised ....................................................... (3,428) 14.42
Canceled ....................................................... (3,902) 17.64
Options outstanding at January 31, 2003 ....................... 29,445 $16.19
Granted ........................................................ 6,460 17.46
Exercised ....................................................... (6,425) 14.48
Canceled ....................................................... (3,012) 17.13
Options outstanding at January 31, 2004 ....................... 26,468 $16.80
Options exercisable at January 31, 2004 ......................... 13,253 17.00
Options available for grant at January 31, 2004 ................. 9,947
The following table summarizes information about options outstanding and exercisable at
January 31, 2004:
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:
$ 0.08 – 14.60 ........................... 3,770 $11.89 6,971 6.7 $12.22
$14.61 – 16.28 ........................... 2,065 15.49 6,487 8.0 15.25
$16.50 – 19.20 ........................... 3,939 17.73 6,159 6.8 17.67
$19.31 – 36.75 ........................... 3,479 22.61 6,851 6.3 22.13
13,253 $17.00 26,468 6.9 $16.80
These options will expire if not exercised at specific dates ranging through January 2014.
A total of 41.8 million shares of Autodesk’s common stock have been reserved for future issuance under
existing stock option and stock purchase programs.
1998 Employee Qualified Stock Purchase Plan
Under Autodesk’s employee qualified stock purchase plan, which was approved by stockholders in
1998, eligible employees may purchase shares of Autodesk’s common stock at their discretion using up to
15% of their compensation subject to certain limitations, at not less than 85% of fair market value as defined
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 9. Stock Compensation and Employee Benefit Plans (Continued)
59