Raytheon 2006 Annual Report Download - page 56

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES
At February 12, 2007, there were 43,130 record holders of our common stock. Our common stock is traded on the New
York Stock Exchange under the symbol “RTN”. For information concerning stock prices and dividends paid during the
past two years, see “Note 16 Quarterly Operating Results (unaudited)” within Item 8 of this Form 10-K.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information about our equity compensation plans that authorize the issuance of shares of
our common stock. This information is provided as of December 31, 2006.
Plan Category
(A)
Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights(1)
(B)
Weighted average exercise
price of outstanding
options, warrants and
rights(2)
(C)
Number of securities
remaining available for
future issuance under
equity compensation plans
(excluding securities
reflected in column A)(3)
Equity compensation plans approved
by stockholders 28,037,712 $41.32 12,767,566
Equity compensation plans not
approved by stockholders — — —
Total 28,037,712 $41.32 12,767,566
(1) This amount includes 2,796,578 shares, which is the maximum number of shares that may be issued upon settlement of restricted stock units
granted pursuant to the 2004, 2005 and 2006 Long-Term Performance Plans (LTPP), including dividend equivalent amounts. The shares to be
issued pursuant to the 2004, 2005 and 2006 LTPPs will be issued under the 2001 Stock Plan. The material terms of the 2005 and 2006 LTPPs are
described in more detail in “Note 13: Employee Stock Plans” within Item 8 of this Form 10-K. The material terms of the 2004 LTPP are
substantially the same as the material terms of the 2005 LTPP except that the 2005 awards may be settled in cash or in stock at the discretion of the
Management Development and Compensation Committee.
This amount also includes 144,650 shares that may be issued upon settlement of restricted stock units issued to non-U.S. employees. The restricted
stock units are granted pursuant to the 2001 Stock Plan and shares to be issued in settlement of the units will be issued under the 2001 Stock Plan.
The awards of restricted stock units vest one-third per year on the second, third and fourth anniversaries of the date of grant.
This amount also includes 15,068,099 shares issuable upon exercise of stock options granted under the 1995 Stock Option Plan. The 1995 Stock
Option Plan expired in March 2005 and no additional options may be granted pursuant to that plan.
This amount does not include information regarding options that we assumed in connection with the acquisitions of the defense businesses of
Texas Instruments Incorporated and Hughes Electronics Corporation in 1997. We assumed individual options and did not assume any equity
compensation plans of either Texas Instruments or Hughes Electronics in connection with the acquisitions. Options that terminate prior to
expiration are not available for re-grant. As of December 31, 2006, there were 441,972 shares of our common stock to be issued upon exercise of
the assumed individual options with a weighted average exercise price of $15.76.
(2) Since restricted stock unit awards do not have an exercise price, the weighted average exercise price does not take into account the restricted stock
unit awards granted under the 2004, 2005 and 2006 LTPPs and restricted stock units granted to non-U.S. employees.
(3) As of December 31, 2006, there were (i) 12,158,790 shares available for grant as stock options, stock appreciation rights, restricted stock units and
restricted stock under the 2001 Stock Plan and (ii) 166,694 shares available for grant as restricted stock under the 1997 Nonemployee Directors
Restricted Stock Plan.
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