Callaway 1999 Annual Report Download - page 40

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38 CALLAWAY GOLF COMPANY
The following summarizes stock option transactions for the years ended December 31, 1999, 1998 and 1997:
(in thousands, except per share data) Year ended December 31,
1999 1998 1997
Weighted- Weighted- Weighted-
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding at beginning of year 13,637 $22.62 11,257 $22.41 10,800 $15.03
Granted 4,012 $11.30 4,020 $25.04 3,406 $33.79
Exercised (851)$6.40 (441)$10.16 (2,877)$7.81
Canceled (1,051)$24.95 (1,199)$34.86 (72)$28.81
Outstanding at end of year 15,747 $20.46 13,637 $22.62 11,257 $22.41
Options exercisable at end of year 11,066 $18.64 6,039 $17.78 3,453 $12.17
Price range of outstanding options $0.44 – $40.00 $0.44 – $40.00 $0.44 – $40.00
The following tables summarize additional information about outstanding stock options at December 31, 1999 and options and
other stock awards granted during 1999:
OPTIONS OUTSTANDING AND EXERCISABLE BY PRICE RANGE AS OF DECEMBER 31, 1999:
Weighted-
Average
Remaining Weighted- Weighted-
Range of Number Contractual Average Number Average
Exercise Prices Outstanding Life-Years Exercise Price Exercisable Exercise Price
(in thousands) (in thousands)
$0– $10 762 2.21 $3.17 742 $3.01
$10 – $15 5,294 3.92 $11.54 4,841 $10.54
$15 – $25 2,642 4.75 $18.52 1,643 $18.75
$25 – $40 7,049 5.41 $29.75 3,840 $30.57
$0– $40 15,747 4.64 $20.46 11,066 $18.64
OPTIONS AND OTHER STOCK AWARDS GRANTED DURING 1999:
Weighted-
Number Average
(in thousands) Exercise Price
Exercise price = market value 3,921 $11.16
Exercise price >market value 80 $18.88
Exercise price <market value 11 $8.56
4,012 $11.30
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS