Creative 2003 Annual Report Download - page 36

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35
A summary of options granted to employees, consultants and directors under the subsidiary’s stock option plan is presented
below:
Options Outstanding
Weighted Average
Number of Shares Exercise Price
(’000) ($)
Balance as of June 30, 2000 3,841 1.98
Options granted 899 2.45
Options canceled (2,540) 1.80
Balance as of June 30, 2001 2,200 2.39
Options granted ––
Options canceled (2,195) 2.39
Balance as of June 30, 2002 5 2.50
Options granted ––
Options canceled (5) 2.50
Balance as of June 30, 2003 – –
Creative and Subsidiary Pro Forma Disclosures
The fair value of the purchase rights under the Creative employee share purchase plan and stock option plan is estimated
using the Black-Scholes model based on the following assumptions:
Fiscal 2003 Fiscal 2002 Fiscal 2001
Volatility 45% 60% 50%
Risk-free interest rates
Share purchase plan 2.18% to 3.26% 2.18% to 5.16% 3.78% to 6.09%
Stock options 1.27% to 3.01% 2.16% to 5.16% –
Dividend yield 3.0% 2.5% –
Expected lives:
Share purchase plan 6 months 6 months 6 months
Stock options 0.01 years after vest date 0.01 years after vest date –