Computer Associates 2005 Annual Report Download - page 139

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non-statutory, to purchase up to 67.5 million shares of common stock of the Company could be granted to employees (including officers
of the Company). Options granted thereunder may be exercised in annual increments commencing one year after the date of grant and
become fully exercisable after five years. All options expire 10 years from the date of grant unless otherwise terminated. As of March 31,
2005, no stock appreciation rights were granted under this plan and 70.9 million options have been granted, including options issued that
were previously terminated due to employee forfeitures. As of March 31, 2005, 14.2 million of the 15.9 million options which were
outstanding under the 1991 Plan were exercisable. These options are exercisable at $19.33 — $74.69 per share.
The 1993 Stock Option Plan for Non-Employee Directors (the 1993 Plan) provided for nonstatutory options to purchase up to a total of
337,500 shares of common stock of the Company to be available for grant to each member of the Board of Directors who is not otherwise
an employee of the Company. Pursuant to the 1993 Plan, the exercise price shall be the fair market value (FMV) of the shares covered by
the option at the date of grant. The option period shall not exceed 10 years, and each option may be exercised in whole or in part on the
first anniversary date of its grant. As of March 31, 2005, 222,750 options have been granted under this plan. As of March 31, 2005, all of
the 13,500 options which are outstanding under the 1993 Plan are exercisable. These options are exercisable at $32.38 — $51.44 per
share.
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