Qualcomm 2002 Annual Report Download - page 76

A summary of stock option transactions for the plans follows (number of shares
in thousands):
Options Outstanding
Exercise Price Per Share
Options
Shares
Available Number Weighted
for Grant of Shares Range Average
Balance at
September 30, 1999 66,196 125,206 $ 1.09 to $48.10 $ 6.56
Additional shares reserved(a) 1,560 — — —
Options assumed(a) (1,560) 1,560 0.02 to 5.30 1.32
Options granted (9,523) 9,523 46.93 to 172.38 84.30
Options cancelled 4,306 (4,306) 2.06 to 140.00 13.94
Options exercised — (22,015) 0.02 to 112.50 4.96
Balance at
September 30, 2000 60,979 109,968 $0.02 to $172.38 $13.25
Additional shares reserved(a) 6 — — —
Options assumed(a) (6) 6 0.02 to 5.30 1.32
Plan shares expired(b) (58) — — —
Options granted (15,589) 15,589 45.54 to 100.50 71.17
Options cancelled 2,557 (2,557) 1.02 to 140.00 27.83
Options exercised — (14,831) 0.13 to 83.50 6.28
Balance at
September 30, 2001 47,889 108,175 $0.02 to $172.38 $22.20
Plan shares expired(b) (31) — — —
Options granted (26,525) 26,525 25.61 to 60.04 48.70
Options cancelled 3,101 (3,101) 1.02 to 141.62 50.80
Options exercised — (14,325) 0.02 to 51.82 5.68
Balance at
September 30, 2002 24,434 117,274 $0.13 to $172.38 $29.45
(a) Represents activity related to options that were assumed as a result of the acquisition of
SnapTrack in March 2000.
(b) Represents shares available for future grant cancelled pursuant to the SnapTrack escrow agreement.
Information about fixed stock options outstanding at September 30, 2002 follows
(number of shares in thousands):
Options Outstanding
Weighted
Average Options Exercisable
Remaining Weighted Weighted
Contractual Average Average
Range of Number Life Exercise Number Exercise
Exercise Prices of Shares (In Years) Price of Shares Price
$0.13 to $3.62 9,868 1.93 $ 3.08 9,754 $ 3.09
$3.64 to $6.39 24,243 4.01 5.31 22,952 5.28
$6.40 to $8.02 28,384 5.49 7.19 20,494 7.19
$8.09 to $32.40 12,530 8.20 25.47 3,318 17.35
$32.50 to $58.42 23,617 8.84 53.56 4,982 52.39
$58.81 to $83.50 12,209 7.91 71.88 4,793 73.75
$86.00 to $172.38 6,423 7.89 97.97 2,645 100.34
117,274 6.23 $29.45 68,938 $17.93
There were 60,748 options exercisable with a weighted average exercise price of
$11.52 at September 30, 2001. There were 48,850 options exercisable with a weighted
average exercise price of $7.13 at September 30, 2000.
Information about stock options outstanding at September 30, 2002 with exercise
prices less than or above $28.61, the closing price at September 30, 2002, follows
(number of shares in thousands):
Exercisable Unexercisable Total
Weighted Weighted Weighted
Average Average Average
Number Exercise Number Exercise Number Exercise
Stock Options of Shares Price of Shares Price of Shares Price
Less than $28.61 56,440 $ 6.27 11,791 $ 9.24 68,231 $ 6.78
Above $28.61 12,498 70.59 36,545 57.70 49,043 60.99
Total outstanding 68,938 $17.93 48,336 $45.88 117,274 $29.45
EMPLOYEE STOCK PURCHASE PLANS
The Company has employee stock purchase plans for all eligible employees to
purchase shares of common stock at 85% of the lower of the fair market value on the
first or the last day of each six-month offering period. Employees may authorize the
Company to withhold up to 15% of their compensation during any offering period,
subject to certain limitations. The 2001 Employee Stock Purchase Plan (the 2001
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued