Autodesk 2006 Annual Report Download - page 34

Option Grants in Last Fiscal Year
The following table sets forth, as to the Named Executive Officers, information concerning stock options
granted during the fiscal year ended January 31, 2006.
Potential Realizable Value at
Assumed Annual Rates of
Stock Price Appreciation for
Option Term (4)
Individual Grants
Name
Number of
Securities
Underlying
Options
Granted (1)
Percent of
Total
Options
Granted to
Employees in
Fiscal Year (2)
Exercise
Price
Expiration
Date (3) 5% 10%
Carol A. Bartz ........... 500,000 7.33% $30.15 3/10/12 $ 6,137,039 $14,301,910
Carl Bass ................ 250,000 3.66% 30.15 3/10/12 3,068,519 7,150,955
George M. Bado ......... 90,000 1.32% 30.15 3/10/12 1,104,667 2,574,344
Alfred J. Castino ......... 90,000 1.32% 30.15 3/10/12 1,104,667 2,574,344
Marcia K. Sterling ........ 90,000 1.32% 30.15 3/10/12 1,104,667 2,574,344
(1) The options in this table are incentive stock options or nonstatutory stock options granted under the 1996
Stock Plan, and have exercise prices equal to the fair market value of our Common Stock on the date of
grant. Generally, all such options have ten year terms and vest over one to five years. The shares subject
to each option will immediately vest in full in the event the Company is acquired by merger or asset sale,
unless the option is to be assumed by the acquiring entity. In addition, under the Change inControl Program,
in the event that the Company terminates any of the Named Executive Officers within 12 months following
a change in control, the shares subject to each option will vest as to the number of shares that would have
vested within the 12 months following such termination.
(2) The Company granted options to purchase 6.8 million shares of Common Stock in the fiscal year ended
January 31, 2006 to 3,509 employees.
(3) The options in this table may terminate before their expiration upon the termination ofthe optionee’s status
as an employee or upon the optionee’s disability or death.
(4) Under rules promulgated by the SEC, the amounts in these two columns represent the hypothetical gain
or “option spread” that would exist for the options in this table based on assumed stock price appreciation
from the date of grant until the end of such options’ seven-year term at assumed annual rates of 5%, and
10%. Annual compounding results in total appreciation of 41% (at 5% per year) and 95% (at 10% per year).
The 5% and 10% assumed annual rates of appreciation are specified in SEC rules and do not represent the
Company’s estimate or projection of future stock price growth. The Company does not necessarily agree
that this method can properly determine the value of an option, and there can be no assurance that the
potential realizable values shown in this table will be achieved.
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