Callaway 2002 Annual Report Download - page 61

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58 CALLAWAY GOLF COMPANY
Ye ar Ended Decem be r 31,
2002 2001 2000
Weighted-Average Weighted-Average Weighted-Average
(In thousands, except per share data) Shares Exercise Price Shares Exercise Price Shares Exercise Price
Outstanding at beginning of year 14,753 $ 20.57 16,758 $ 19.66 15,747 $ 20.46
Granted 2,458 $ 16.46 3,475 $ 19.72 4,461 $ 13.71
Exercised (1,077) $ 12.10 (3,634) $ 12.39 (2,252) $ 10.64
Canceled (1,198) $ 24.45 (1,846) $ 26.77 (1,198) $ 25.01
Outstanding at end of year 14,936 $ 20.19 14,753 $ 20.57 16,758 $ 19.66
Options exercisable at end of year 11,522 $ 21.11 11,484 $ 21.20 12,394 $ 19.99
Price range of outstanding options $ 5.00 - $ 40.00 $ 5.00 - $ 40.00 $ 2.50 - $ 40.00
Weighted-Average
Number Remaining Number
Range of Outstanding Contractual Weighted-Average Exercisable Weighted-Average
Exercise Price (in thousands) Life-Years Exercise Price (in thousands) Exercise Price
$ 5 - $ 10 41 1.92 $ 6.36 33 $ 5.55
$ 10 - $ 15 3,952 5.28 $ 12.78 3,561 $ 12.71
$ 15 - $ 25 6,436 6.92 $ 17.90 3,563 $ 18.54
$ 25 - $ 40 4,507 2.39 $ 30.10 4,365 $ 30.19
$ 5 - $ 40 14,936 5.11 $ 20.19 11,522 $ 21.11
The exercise price of all options granted during 2002 was equal
to the market value on the date of grant. The following table
The following summarizes stock option transactions for the years ended December 31, 2002, 2001 and 2000:
The exercise price of all options granted during 2002 was equal to the market value on the date of grant. The following table
summarizes additional information about outstanding stock options at December 31, 2002: