Papa Johns 1999 Annual Report Download - page 67

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Information pertaining to options for 1999, 1998 and 1997 is as follows (number of options in thousands):
1999 1998 1997
Weighted- Weighted- Weighted-
Number of Average Number of Average Number of Average
Options Exercise Price Options Exercise Price Options Exercise Price
Outstanding-beginning of year 5,782 $ 28.54 5,197 $ 25.28 3,532 $ 20.98
Granted 1,216 26.68 1,535 37.90 2,259 29.30
Exercised 636 22.72 545 21.41 351 10.09
Cancelled 622 32.83 405 29.53 243 25.91
Outstanding-end of year 5,740 $ 28.55 5,782 $ 28.54 5,197 $ 25.28
Exercisable-end of year 2,638 $ 27.30 2,232 $ 25.64 1,567 $ 21.96
Weighted-average fair value of
options granted during the year $ 9.22 $ 13.43 $ 10.22
The number, weighted-average exercise price and weighted-average remaining contractual life of options outstanding as of
December 26, 1999, and the number and weighted-average exercise price of options exercisable as of December 26, 1999 follow
(number of options in thousands):
Weighted- Weighted-
Range of Number of Average Average
Exercise Prices Options Exercise Price Remaining Life
Outstanding options: $ 5.78 - $ 9.99 71 $ 6.36 3.60
10.00 - 19.99 633 16.33 5.72
20.00 - 29.99 2,427 25.37 8.15
30.00 - 45.56 2,609 35.08 8.12
Total 5,740 $ 28.55 7.81
Exercisable options: $ 5.78 - $ 9.99 71 $ 6.36
10.00 - 19.99 483 15.92
20.00 - 29.99 955 26.20
30.00 - 45.56 1,129 34.41
Total 2,638 $ 27.30
Plan provisions provide that excess available shares under the 1993 Plan may be transferred to the 1999 Plan. As of December 26,
1999, 477,000 shares were available for future issuance under the 1993 and 1999 plans and 106,750 shares under the Directors Plan.
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