Creative 2000 Annual Report Download - page 30

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30
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 8 – EMPLOYEE SHARE PURCHASE AND STOCK OPTION PLANS (Cont’d)
Creative Employee Share Purchase and Stock Option Plans
A summary of options granted to employees and non-employee directors under Creative’s stock option plans is presented
below:
Options Outstanding
Number of Shares Weighted Average
(’000) Exercise Price ($)
Balance as of June 30, 1997 7,421 6.21
Granted – at fair market value 924 19.93
Exercised (2,680) 5.49
Canceled (523) 15.21
Balance as of June 30, 1998 5,142 8.14
Granted – at fair market value 324 9.64
– below fair market value 2,879 10.14
Exercised (921) 5.58
Canceled (307) 12.94
Balance as of June 30, 1999 7,117 9.14
Granted – at fair market value 697 11.81
– below fair market value 4,346 9.14
Exercised (2,214) 7.17
Canceled (1,052) 12.54
Balance as of June 30, 2000 8,894 9.44
The total number of options exercisable at June 30, 2000, 1999 and 1998 under the New Plan and 1999 Scheme were
2,594,000, 1,996,000 and 1,626,000, respectively.