Autodesk 2006 Annual Report Download - page 36

The 1996 Stock Plan was adopted by the stockholders in 1996. Employees, including executive officers and
the members of the Board of Directors, are eligible to participate in the 1996 Stock Plan. The 1996 Stock Plan
is intended to help the Company attract and retain outstanding individuals in order to promote the Company’s
success. Incentive stock options (that is, options that entitle the optionee to special U.S. income tax treatment)
and nonstatutory stock options may be granted under the 1996 Stock Plan. Options granted under the 1996 Stock
Plan generally vest over periods ranging from one to five years and expire within ten years of date of grant. The
exercise price of the stock options granted under the 1996 Stock Plan is equal to the closing price of our Common
Stock on The Nasdaq Stock Market on the grant date. The 1996 Stock Plan expired in March 2006.
Our Nonstatutory StockOption Plan, which is not subject to stockholder approval, was adopted in 1996 and
terminated by the Board of Directors in December 2004. The Nonstatutory Stock Option Plan permitted the
grant to eligible employees of options to purchase up to 16.9 million shares, all of which have been previously
granted. Executive officers and members of the Board of Directors were not eligible to participate in this plan.
The Nonstatutory StockOption Plan was intended to help the Company attract and retain outstanding individuals
in order to promote the Company’s success. Only nonstatutory stock options were granted under the
Nonstatutory Stock Option Plan.
Our 1998 Employee Qualified Stock Purchase Plan was adopted by the stockholders in 1998. The 1998
Employee Qualified Stock Purchase Plan is intended to help the Company attract and retain outstanding
individuals in order to promote the Company’s success. The 1998 Employee Qualified Stock Purchase Plan
provides employees of the Company with an opportunity to purchase Common Stock through accumulated
payroll deductions. Under the 1998 Employee Qualified Stock Purchase Plan, eligible employees may purchase
shares of 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 in the plan agreement.
Our 2000 Directors’ Option Plan was adopted by the stockholders in 2000. The 2000 Directors’ Option
Plan provides for the automatic grant of nonstatutory options to non-employee directors of the Company. The
2000 Directors’ Option Plan is intended to help the Company attract and retain highly skilled individuals as
directors of the Company, to provide additional incentive to the non-employee directors of the Company to serve
as directors and encourage their continued service on the Board of Directors, and to encourage equity ownership
by directors in order to align their interests with those of the stockholders. The exercise price of the stock options
granted under the 2000 Directors’ Option Plan is equal to the closing price of our Common Stock on The Nasdaq
Stock Market on the grant date.
The 2006 Employee Stock Plan was adopted by the stockholders in November 2005 and became effective
in March 2006. Employees, including executive officers, are eligible to participate in the 2006 Employee Stock
Plan. The 2006 Employee Stock Plan is intended to help the Company attract and retain outstanding individuals
in order to promote the Company’s success. Incentive stock options and nonstatutory stock options may be
granted under the 2006 Employee Stock Plan. Options granted under the 2006 Employee Stock Plan generally
vest over periods ranging from one to four years and expire within six years of date of grant. The exercise price
of the stock options granted under the 2006 Employee Stock Plan is equal to the closing price of our Common
Stock on The Nasdaq Stock Market on the grant date.
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