Health Net 2007 Annual Report Download - page 124

HEALTH NET, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
A summary of option activity under our various plans as of December 31, 2007, and changes during the year
then ended is presented below:
Number of
Options
Weighted
Average
Exercise Price
Weighted Average
Remaining
Contractual Term
(Years)
Aggregate
Intrinsic Value
Outstanding at January 1, 2007 ................... 9,261,842 $28.92
Granted ..................................... 332,863 52.80
Exercised .................................... (2,657,053) 27.45
Forfeited or expired ............................ (395,636) 34.79
Outstanding at December 31, 2007 ................ 6,542,016 $30.38 5.92 $119,191,206
Vested or expected to vest at December 31, 2007
(reflecting estimated forfeiture rates effective
January 1, 2007) ............................ 6,196,139 $29.74 5.79 $116,585,115
Exercisable at December 31, 2007 ................ 4,073,810 $24.68 4.81 $ 96,250,733
Options Outstanding Options Exercisable
Range of
Exercise Prices
Number of
Options
Weighted Average
Remaining
Contractual Life
(Years)
Weighted Average
Exercise Price
Number of
Options
Weighted Average
Exercise Price
$ 7.63 – $20.60 .............. 301,085 2.06 $12.72 301,085 $12.72
21.57 – 22.64 ............... 704,233 4.59 22.61 704,233 22.61
22.76 – 23.02 ............... 905,987 3.25 23.01 905,987 23.01
23.40 – 23.64 ............... 275,750 6.23 23.64 204,000 23.64
23.83 – 24.06 ............... 788,845 5.17 24.05 783,845 24.06
24.13 – 28.90 ............... 895,675 6.05 28.33 549,279 28.22
28.99 – 29.20 ............... 716,081 7.14 29.20 240,580 29.20
29.28 – 44.28 ............... 661,363 7.02 35.13 326,076 33.58
44.34 – 49.06 ............... 1,024,484 8.30 47.40 48,125 46.84
49.56 – 58.07 ............... 268,513 9.19 54.20 10,600 51.35
$ 7.63 – $58.07 .............. 6,542,016 5.92 $30.38 4,073,810 $24.68
We have entered into restricted stock and RSU agreements with certain employees. We have awarded shares
of restricted common stock under the restricted stock agreements and rights to receive common stock under the
RSU agreements to certain employees. Each RSU represents the right to receive, upon vesting, one share of
common stock. Awards of restricted stock and RSUs are subject to restrictions on transfer and forfeiture prior to
vesting. During the years ended December 31, 2007, 2006 and 2005, we awarded 0, 0 and 30,000 shares of
restricted common stock, respectively, and 945,479, 607,379 and 0 RSUs, respectively.
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