Petsmart 2007 Annual Report Download - page 75

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Activity in all of our stock option plans is as follows (in thousands, except per share data):
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
2005 (52 weeks)
Outstanding at beginning of year . . . 11,030 $13.48
Granted ..................... 929 $29.95
Exercised .................... (2,514) $10.82 $45,630
Forfeited/cancelled ............. (661) $23.04
Outstanding at end of year ........ 8,784 $15.27 6.21 $92,504
Vested and expected to vest at end
of year .................... 8,429 $14.84 6.12 $91,861
Exercisable at end of year ........ 6,128 $11.56 5.39 $84,113
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
2006 (52 weeks)
Outstanding at beginning of year . . . 8,784 $15.27
Granted ...................... 1,014 $24.33
Exercised .................... (1,919) $12.36 $ 31,061
Forfeited/cancelled .............. (552) $25.19
Outstanding at end of year . . ...... 7,327 $16.54 5.45 $101,603
Vested and expected to vest at end
of year ..................... 7,024 $16.15 5.39 $100,180
Exercisable at end of year . . ...... 5,354 $13.21 4.93 $ 92,051
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic Value
2007 (53 weeks)
Outstanding at beginning of year . . . 7,327 $16.54
Granted ...................... 993 $31.38
Exercised .................... (1,665) $14.23 $30,623
Forfeited/cancelled .............. (333) $23.91
Outstanding at end of year . . ...... 6,322 $19.10 4.80 $42,282
Vested and expected to vest at end
of year ..................... 5,674 $18.02 4.68 $42,268
Exercisable at end of year . . ...... 4,613 $15.53 4.41 $42,250
Employee Stock Purchase Plan
We have an Employee Stock Purchase Plan, or ESPP, that allows essentially all employees who meet certain
service requirements to purchase our common stock on semi-annual offering dates at 85% of the fair market value
of the shares on the offering date or, if lower, at 85% of the fair market value of the shares on the purchase date. A
F-25
PetSmart, Inc. and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)