Digital River 2001 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2001 Digital River annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

51
A summary of the change in outstanding options under the SOP and NOP is as follows: (SHOULD
THIS SAY NEXT PAGE??)
A summary of information about total stock options outstanding at December 31, 2001, is as follows:
The Company recorded compensation expense for the difference between the grant price and the fair
market value of the Company’s Common Stock on options to purchase 30,533 shares at an exercise price
of $.01 issued in January 2001. In addition, the Company recorded deferred compensation for the difference
between the grant price and the deemed fair value of the Company’s Common Stock on options to
purchase 454,468 shares at exercise prices of $3.00 to $7.50 issued during May and June 1998. During 1999,
the Company recognized $110,000 in expense related to options granted for consulting services.
Notes to Consolidated Financial Statements December 31, 2001 and 2000
Digital River 2001 Annual Report
Balance, December 31, 1998 1,870,357 $ 0.38 - $23.40
Grants 2,131,636 19.56 - 31.13
Exercised (601,172) 0.38 - 23.40
Cancelled (308,035) 1.69 - 31.13
Balance, December 31, 1999 3,092,786 0.38 - 31.13
Grants 2,641,028 6.00 - 28.88
Exercised (303,533) 0.38 - 23.40
Cancelled (817,696) 1.69 - 31.13
Balance, December 31, 2000 4,612,585 1.13 - 31.13
Grants 3,631,533 00.01 - 6.74
Exercised (679,336) 0.01 - 11.75
Cancelled (1,736,608) 0.01 - 31.13
Balance, December 31, 2001 5,828,174 $ 1.69 - $31.13
Options Option Price
Outstanding Per Share
$ 1.69 - $ 3.88 1,240,518 8.5 years 296,589 $ 2.97
4.45 - 6.74 3,476,754 9.0 years 557,518 5.68
8.50 - 12.50 105,248 6.5 years 91,849 9.70
$19.50 - 31.13 1,019,183 7.5 years 634,256 22.47
$ 1.69 - $31.13 5,841,703 8.5 years 1,580,212 $12.14
Options Outstanding Options Exercisable
Weighted
Exercise Number Average Life Number Weighted
Price O utstanding R emaining Exercisable Average Price