Autodesk 2006 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2006 Autodesk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 144

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

General Option Information
Our stock option activity for the fiscal years ended January 31, 2005 and January 31, 2006, is summarized
as follows.
Options Outstanding
(Shares in thousands)
Shares
Available
for Options
Number of
Shares
Weighted
Average
Price Per
Share ($)
Options outstanding at January 31, 2004 ....................... 19,894 52,936 $ 8.40
Granted ......................................................... (11,550) 11,550 17.52
Exercised ....................................................... — (25,445) 8.46
Canceled ........................................................ 2,607 (2,635) 9.46
Additional shares reserved ..................................... 8,455 — —
Reduction to shares available for future issuance approved
by the Board of Directors in March 2005 .................... (10,000) — —
Options outstanding at January 31, 2005 ....................... 9,406 36,406 11.17
Granted ......................................................... (6,824) 6,824 32.39
Options assumed in an acquisition ............................. — 198 2.28
Exercised ....................................................... — (11,875) 9.36
Canceled ........................................................ 1,272 (1,511) 15.33
Additional shares reserved ..................................... 750 — —
Options outstanding at January 31, 2006 ....................... 4,604(1) 30,042 $16.44
(1) This amount does not include 9.65 million shares reserved for issuance under our 2006 Employee Stock
Option Plan, which became effective in March 2006.
In-the-Money and Out-of-the-Money Option Information
The following table compares the number of shares subject to option grants with exercise prices at or below
the closing price of our Common Stock at January 31, 2006 (“in-the-money”) with the number of shares subject
to option grants with exercise prices greater than the closing price of our Common Stock at the same date (“out-
of-the-money”). The closing price of our Common Stock on January 31, 2006 was $40.59 per share.
Exercisable Unexercisable Total
(Shares in thousands)
Number
of Shares
Weighted
Average
Exercise
Price
Number
of Shares
Weighted
Average
Exercise
Price
Number
of Shares
Weighted
Average
Exercise
Price
In-the-Money .................. 12,514 $10.13 16,614 $ 19.63 29,128 $ 15.55
Out-of-the-Money ............. — — 914 44.86 914 44.86
Total Options Outstanding .... 12,514 $10.13 17,528 $ 20.95 30,042 $ 16.44
Proxy Materials
19