Cabela's 2004 Annual Report Download - page 30

On March 19, 2004, we issued 3,670 shares of common stock for an aggregate of $41,090 in
connection with the exercise of stock options under our 1997 Stock Option Plan. These securities were
issued pursuant to an employee beneÑt plan, in a transaction exempt from the registration requirements of
the Securities Act in reliance upon Rule 701 of the Securities Act.
In March, April and May of 2004, we issued 1,149,424 shares of common stock to employees for an
aggregate amount of $7,284,737.78 in connection with the exercise of stock options granted under our 1997
Stock Option Plan. These securities were issued pursuant to an employee beneÑt plan, in a transaction
exempt from the registration requirements of the Securities Act in reliance upon Rule 701 of the
Securities Act.
In May 2004, we granted options to purchase an aggregate of 1,313,860 shares of common stock
under our 2004 Stock Plan to employees, non-employee directors and advisors. 550,500 of these options
have an exercise price of $13.34 per share and 763,360 of these options have an exercise price of
$20.00 per share. We received no payment from optionees upon issuance of these options. These securities
were issued pursuant to an employee beneÑt plan, in a transaction exempt from the registration
requirements of the Securities Act in reliance upon Rule 701 of the Securities Act.
Dividend Policy
We have never declared or paid any cash dividends on our common stock and do not anticipate
paying any cash dividends on our common stock in the foreseeable future. In addition, our revolving credit
facility and our senior notes restrict our ability to pay dividends to our stockholders based upon our prior
year's consolidated EBITDA and our consolidated net worth, respectively. See ""Management's Discussion
and Analysis of Financial Condition and Results of Operations Ì Liquidity and Capital Resources Ì
Credit Facilities and Other Indebtedness''. We were in compliance with these covenants as of January 1,
2005.
Equity Compensation Plans
The information under the heading ""Executive Compensation Ì Equity Compensation Plan Informa-
tion as of Fiscal Year-End'' in our Proxy Statement relating to our 2005 Annual Meeting of Stockholders
is incorporated herein by reference.
ITEM 6. SELECTED FINANCIAL DATA
You should read the selected historical consolidated Ñnancial and other data set forth below in
conjunction with ""Management's Discussion and Analysis of Financial Condition and Results of
Operations'' and our audited consolidated Ñnancial statements and the related notes included elsewhere in
this report. In the opinion of management, the audited consolidated Ñnancial statements reÖect all
adjustments which are necessary to summarize fairly our Ñnancial position and our results of operations
and cash Öows for the periods presented. We have derived the historical consolidated statement of
operations data for our Ñscal years 2004, 2003 and 2002 and the historical consolidated balance sheet data
as of the end of our Ñscal years 2004 and 2003 from our audited consolidated Ñnancial statements included
elsewhere in this report. We have derived the historical consolidated statement of operations data for our
Ñscal year 2001 and 2000 and the historical consolidated balance sheet data as of the end of our Ñscal
years 2002, 2001 and 2000 from our audited historical consolidated Ñnancial statements that are not
18