Autodesk 2005 Annual Report Download - page 76

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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, 2002 .............................. 58,329 $8.25
Granted ............................................................. 14,711 7.71
Options assumed in acquisitions .................................... 510 0.76
Exercised ............................................................ (6,857) 7.21
Canceled ............................................................ (7,803) 8.82
Options outstanding at January 31, 2003 .............................. 58,890 $ 8.10
Granted ............................................................. 12,921 8.73
Exercised ............................................................ (12,850) 7.24
Canceled ............................................................ (6,025) 8.57
Options outstanding at January 31, 2004 .............................. 52,936 $8.40
Granted ............................................................. 11,550 17.52
Exercised ............................................................ (25,445) 8.46
Canceled ............................................................ (2,635) 9.46
Options outstanding at January 31, 2005 .............................. 36,406 $11.17
Options exercisable at January 31, 2005 ............................... 12,637 8.14
Options available for grant at January 31, 2005 (1) ..................... 9,406
(1) This amount reflects the reduction to shares available for future issuance approved by the Board of Directors
in March 2005.
The following table summarizes information about options outstanding and exercisable at January 31, 2005:
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:
$ 0.20 – 7.39 .......................... 3,826 $ 6.31 7,318 6.7 $ 6.44
$ 7.42 – 8.25 ........................... 3,725 7.83 7,313 7.0 7.71
$ 8.27 – 11.00 ........................... 4,424 9.35 8,095 7.0 9.55
$11.06 – 16.42 ........................... 646 12.12 7,795 7.5 13.57
$17.36 – 34.30 ........................... 16 18.62 5,885 9.4 20.43
12,637 $ 8.14 36,406 7.4 $ 11.17
These options will expire if not exercised at specific dates ranging through January 2015.
A total of 56.7 million shares of Autodesk’s common stock have been reserved for future issuance under
existing stock option and stock purchase programs. This amount reflects the reduction to shares available for
future issuance approved by the Board of Directors in March 2005.
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 7. Employee and Director Benefit Plans (Continued)
64