EMC 2002 Annual Report Download - page 79

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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Activity under all stock option plans for the three years ended December 31, 2002 is as follows (shares in thousands):
Number of
Shares
Wtd. Avg.
Exercise
Price
Outstanding, January 1, 2000 105,000 $ 10.02
Options relating to business acquisitions 391 27.85
Granted 31,563 76.31
Canceled (6,412 ) 41.79
Exercised (25,860 ) 6.45
Outstanding, December 31, 2000 104,682 29.01
Options relating to business acquisitions 46 8.28
Granted 84,701 22.69
Canceled (13,687 ) 40.52
Exercised (24,118 ) 3.55
Outstanding, December 31, 2001 151,624 28.50
Granted 52,414 7.24
Canceled (21,857 ) 30.99
Exercised (4,581 ) 4.25
Outstanding, December 31, 2002 177,600 $ 22.56
Summarized information about stock options outstanding at December 31, 2002 is as follows (shares in thousands):
Exercisable
Range of
Exercise Price
Number of Options
Outstanding
Weighted Avg.
Remaining
Contractual Life
Weighted Avg.
Exercise Price
Number of
Options
Weighted Avg.
Exercise Price
$0.01 – $4.12 7,359 3.4 $ 2.10 7,105 $ 2.16
4.13 – 9.27 54,133 8.7 5.81 10,904 6.20
9.28 – 13.91 51,044 8.3 11.64 13,666 11.99
13.92 – 20.87 10,405 8.5 17.11 1,756 17.45
20.88 – 31.31 807 6.2 26.33 452 26.44
31.32 – 46.97 30,134 7.7 35.11 8,988 33.72
46.98 – 70.46 6,675 7.2 60.22 2,671 60.24
70.47 – 90.00 17,043 7.7 83.47 6,068 84.59
Totals 177,600 8.0 $ 22.56 51,610 $ 24.57
There were 51.6 million, 31.0 million and 36.5 million outstanding options that were exercisable at December 31, 2002, 2001 and 2000, respectively.
Employee Stock Purchase Plan
Under EMC's 1989 Employee Stock Purchase Plan (the "1989 Plan"), eligible employees of EMC may purchase shares of Common Stock, through
payroll deductions, at the lower of 85% of fair market value of the stock at the time of grant or 85% of fair market value at the time of exercise. A total of 58.0
million shares have been reserved for issuance under the 1989 Plan. Options to purchase shares are granted twice yearly, on
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