Autodesk 2004 Annual Report Download - page 70

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in the plan agreement. At January 31, 2004, a total of 5.4 million shares were available for future issuance. This
amount will automatically be increased on the first trading day of each fiscal year by an amount equal to the
lesser of 5.0 million shares or 2.0% of the total of (1) outstanding shares plus (2) any shares repurchased by
Autodesk during the prior fiscal year. Autodesk issued 2.1 million shares at an average price of $10.96 per
share in fiscal 2004, 2.0 million shares at an average price of $11.55 per share in fiscal 2003, and 2.1 million
shares at an average price of $9.43 in fiscal 2002. The provisions of this plan expire during 2018.
Equity Compensation Plan Information
The following table summarizes the number of outstanding options granted to employees and
directors, as well as the number of securities remaining available for future issuance, under these plans
(number of securities in thousands) as of January 31, 2004.
(a) (b) (c)
Plan category
Number of securities
to be issued upon
exercise of
outstanding options,
warrants and rights
Weighted-average
exercise price of
outstanding options,
warrants and rights
Number of securities
remaining available
for future issuance
under equity
compensation plans
(excluding securities
reflected in column (a))
Equity compensation plans approved
by security holders (1) ............... 19,269 $16.85 15,213 (2)
Equity compensation plans not
approved by security holders (3) .... 7,199 $16.66 109
Total .................................... 26,468 $16.80 15,322
(1) Included in these amounts are 0.3 million securities available to be issued upon exercise of outstanding
options with a weighted-average exercise price of $15.94 related to equity compensation plans
assumed in connection with previous business mergers and acquisitions.
(2) Included in this amount are 5.4 million securities available for future issuance under Autodesk’s 1998
Employee Qualified Stock Purchase Plan.
(3) Amounts correspond to Autodesk’s Nonstatutory Stock Option Plan, which is not subject to
stockholder approval.
Pro Forma Net Income (Loss) Information
Autodesk applies APB 25 in accounting for its employee stock plans. Accordingly, no compensation
expense is recognized in Autodesk’s consolidated statements of income, other than for stock awards that
have exercise prices less than the fair market value of Autodesk’s common stock at the date of grant.
For purposes of disclosures pursuant to SFAS 123 as amended by SFAS 148, the estimated fair value of
options is amortized to expense over the options’ vesting period. Refer to Note 1, “Business and Summary
of Significant Accounting Policies” for further discussion.
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 9. Stock Compensation and Employee Benefit Plans (Continued)
60