Citrix 2000 Annual Report Download - page 54

52
CITRIX SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS −− (CONTINUED)
Plan is terminated from employment with the Company, the Company has the right
and option to purchase from the employee, at the price paid for the shares by
the employee, the number of unvested shares at the date of termination. No
shares have been repurchased under this Plan. Effective November 1999 no further
options may be granted under this Plan.
A summary of the status and activity of the Company's stock option plans is
as follows:
YEAR ENDED DECEMBER 31
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
2000 1999 1998
−−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−−−−−
WEIGHTED WEIGHTED WEIGHTED
AVERAGE AVERAGE AVERAGE
EXERCISE EXERCISE EXERCISE
SHARES PRICE SHARES PRICE SHARES PRICE
−−−−−−−−−− −−−−−−−− −−−−−−−−−− −−−−−−−− −−−−−−−−−− −−−−−−−−
Outstanding at beginning of
year........................... 42,358,350 $18.28 32,279,324 $ 9.50 22,279,272 $ 4.21
Granted........................ 12,671,582 42.38 21,157,900 26.80 17,213,600 14.02
Exercised...................... (6,692,488) 10.32 (9,221,440) 7.57 (5,923,760) 2.53
Forfeited...................... (5,048,604) 25.65 (1,857,434) 15.99 (1,289,788) 10.28
−−−−−−−−−− −−−−−−−−−− −−−−−−−−−−
Outstanding at end of year....... 43,288,840 25.67 42,358,350 18.28 32,279,324 9.50
========== ========== ==========
Options exercisable at end of
year........................... 14,364,325 16.49 7,062,760 7.86 6,141,596 3.56
========== ========== ==========
Weighted−average fair value of
options granted during the
year........................... $28.07 $14.37 $ 7.21
Information about stock options outstanding as of December 31, 2000 is as
follows:
OPTIONS OUTSTANDING OPTIONS EXERCISABLE
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
WEIGHTED
OPTIONS AVERAGE WEIGHTED OPTIONS WEIGHTED
RANGE OF OUTSTANDING AT REMAINING AVERAGE EXERCISABLE AT AVERAGE
EXERCISE PRICES DECEMBER 31, 2000 CONTRACTUAL LIFE EXERCISE PRICE DECEMBER 31, 2000 EXERCISE PRICE
−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−− −−−−−−−−−−−−−− −−−−−−−−−−−−−−−−− −−−−−−−−−−−−−−
$ 0.02 to $ 14.31 8,952,432 6.51 $ 7.29 5,747,871 $ 6.09
$14.50 to $ 15.69 8,199,015 8.80 $15.49 1,460,302 $15.11
$15.84 to $ 24.38 9,914,095 8.26 $20.54 3,361,796 $20.39
$25.44 to $ 48.44 10,788,173 8.65 $28.97 3,668,598 $28.50
$53.00 to $104.00 5,435,125 9.12 $74.10 125,758 $53.07
−−−−−−−−−− −−−−−−−−−−
43,288,840 8.20 $25.67 14,364,325 $16.49
========== ==========
Stock Purchase Plan
The 1995 Employee Stock Purchase Plan (the 1995 Purchase Plan) was adopted
by the Board of Directors on September 28, 1995 and approved by the Company's
stockholders in October 1995. The 1995 Purchase Plan provides for the issuance
of a maximum of 9,000,000 shares of Common Stock upon the exercise of
nontransferable options granted to participating employees. All U.S.−based
employees of the Company, whose customary employment is 20 hours or more per
week and more than five months in any calendar year, and employees of certain
international subsidiaries, are eligible to participate in the 1995 Purchase
Plan. In June 2000, the 1995 Purchase Plan was amended to allow employees to
deduct up to 10% of their total cash compensation, up from 5% previously, and to
remove the requirement that employees complete at least one year of employment
to be eligible to participate in the plan. Employees who would immediately after
the grant own 5% or more of the Company's Common Stock, and directors who are
not employees of the Company, may not participate in the 1995 Purchase Plan. To
participate in the 1995 Purchase Plan, an employee must authorize the Company to
deduct an amount (not less than 1% nor more than 10% of a participant's total
cash compensation) from his or her pay during six−month periods (each a Plan
Period).
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