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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Activity under all stock option plans for the three years ended December 31, 2004 is as follows (shares in thousands):
Wtd. Avg.
Number of Exercise
Shares Price
Outstanding, January 1, 2002 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
Options granted relating to business acquisitions 53,804 9.30
Granted 37,132 12.71
Canceled (7,555) 27.83
Exercised (6,407) 6.19
Outstanding, December 31, 2003 254,574 18.56
Options granted relating to business acquisitions 6,559 1.82
Granted 46,402 12.69
Canceled (9,888) 22.53
Exercised (22,306) 6.14
Outstanding, December 31, 2004 275,341 $ 18.02
Summarized information about stock options outstanding at December 31, 2004 is as follows (shares in thousands):
Exercisable
Weighted Avg.
Range of Number of Options Remaining Weighted Avg. Number of Weighted Avg.
Exercise Price Outstanding Contractual Life Exercise Price Options Exercise Price
$.01-$ 4.12 12,695 4.8 $ 2.11 11,701 $ 2.06
$4.13-$ 9.27 64,179 6.7 6.12 34,392 6.27
$9.28-$13.91 132,405 8.0 12.33 44,369 11.92
$13.92-$20.87 14,987 6.5 16.68 9,171 16.98
$20.88-$31.31 2,265 4.1 26.69 2,263 26.69
$31.32-$46.97 27,501 5.7 35.10 18,172 34.29
$46.98-$70.46 6,167 5.2 60.07 4,951 60.04
$70.47-$90.00 15,142 5.7 83.43 11,391 83.90
275,341 7.0 $ 18.02 136,410 $ 20.97
There were 136.4 million, 111.3 million and 51.6 million outstanding options that were exercisable at December 31, 2004, 2003 and 2002, respectively.
Employee Stock Purchase Plan
Under our 1989 Employee Stock Purchase Plan (the "1989 Plan"), eligible employees may purchase shares of common stock through payroll deductions,
at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. In May 2004, our
stockholders approved an amendment to the 1989 Plan to increase the number of shares available for grant
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