Plantronics 2005 Annual Report Download - page 98

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Stock option activity under the 1993 and 2003 Stock Option Plans and the Directors’ Option Plan are as
follows:
Options Outstanding
Weighted
Shares Average
Available Exercise
for Grant Shares Price
Balance at March 31, 2002 1,230,338 9,973,666 $19.21
Options authorized 2,000,000 — —
Options granted (1,890,503) 1,890,503 16.33
Options exercised — (502,147) 4.38
Options cancelled 352,614 (352,614) 24.99
Balance at March 31, 2003 1,692,449 11,009,408 19.22
Options authorized 1,000,000 — —
Plan shares expired (270,445) — —
Options granted (2,008,098) 2,008,098 26.73
Options exercised — (3,907,112) 16.36
Options cancelled 419,844 (419,844) 23.68
Balance at March 31, 2004 833,750 8,690,550 22.01
Options authorized 1,000,000 — —
Plan shares expired (282,256) — —
Options granted (1,533,450) 1,533,450 40.17
Restricted stock awards granted (60,500) — —
Options exercised — (1,429,696) 19.62
Options cancelled 310,941 (310,941) 23.93
Balance at March 31, 2005 268,485 8,483,363 25.62
Exercisable at March 31, 2005 5,642,428 $27.03
Options outstanding grouped by exercise price at March 31, 2005 and related weighted average prices
and lives are as follows:
Options Outstanding Options Exercisable
Number Weighted Number
Outstanding Average Weighted Exercisable Weighted
as of Remaining Average as of Average
March 31, Contractual Exercise March 31, Exercise
Range of Exercise Price 2005 Life Price 2005 Price
$ 5.50-$16.50 1,784,033 5.72 $14.03 1,060,204 $12.69
16.51- 21.35 1,736,175 5.86 19.08 1,195,835 19.27
21.36- 25.84 1,856,220 7.16 24.56 874,130 23.69
25.85- 39.18 1,838,973 6.35 33.17 1,244,297 34.34
39.19- 55.13 1,267,962 6.38 41.49 1,267,962 41.49
$ 5.50-$55.13 8,483,363 6.30 $25.62 5,642,428 $27.03
EMPLOYEE STOCK PURCHASE PLAN. On June 10, 2002, the Board of Directors of Plantronics
approved the 2002 Employee Stock Purchase Plan (the ‘‘2002 ESPP’’), which was approved by the
stockholders on July 17, 2002, to provide certain employees with an opportunity to purchase Common
70 ⯗Plantronics