Office Depot 2000 Annual Report Download - page 46

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44
Notes to Consolidated Financial Statements (continued)
(Tabular amounts are in thousands except share and per share amounts)
A summary of the status of and changes in our stock option plans for the last three years is presented below.
2000 1999 1998
Weighted Weighted Weighted
Average Average Average
Exercise Exercise Exercise
Shares Price Shares Price Shares Price
Outstanding at beginning of year 33,507,066 $15.31 31,369,122 $13.75 28,708,497 $10.79
Granted 9,937,750 8.73 8,123,883 18.85 9,225,000 20.49
Canceled (6,608,072) 16.45 (1,325,988) 15.91 (1,165,218) 13.56
Exercised (430,515) 6.18 (4,659,951) 10.31 (5,399,157) 9.59
Outstanding at end of year 36,406,229 $12.81 33,507,066 $15.31 31,369,122 $13.75
As of December 30, 2000, the weighted average fair values of options granted during 2000, 1999, and 1998 were $4.18, $8.24, and
$6.77, respectively.
The following table summarizes information about options outstanding at December 30, 2000.
Options Outstanding Options Exercisable
Weighted
Average Remaining Weighted Weighted
Range of Number Contractual Life Average Number Average
Exercise Prices Outstanding (in years) Exercise Price Exercisable Exercise Price
$ 0.17– $ 1.95 135,610 4.6 $ 0.22 135,610 $ 1.44
1.96– 2.94 129,956 1.5 2.52 129,956 2.52
2.95– 4.42 1,079,119 0.4 3.79 1,079,119 3.79
4.43– 6.64 800,252 5.7 5.85 426,752 5.37
6.65– 9.97 8,695,357 6.4 7.87 4,283,100 8.92
9.98– 14.96 12,250,463 6.5 11.54 7,727,552 12.03
14.97– 22.45 10,653,093 7.0 18.07 6,066,764 18.22
22.46– 25.00 2,662,379 7.5 24.16 1,027,051 24.13
$ 0.17– $25.00 36,406,229 6.5 $12.81 20,875,904 $13.09