Ross 2006 Annual Report Download - page 60

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42
As of February 3, 2007, there were 11.4 million shares that remained available for grant under the 2004 Plan. A summary of the
stock option activity under the 2004 Plan and Prior Plans for fiscal 2006, 2005 and 2004 is presented below.
Weighted
Weighted average
average remaining Aggregate
Number of exercise contractual intrinsic
(000, except per share data) shares price term value
Outstanding at January 31, 2004 10,553 $ 14.22
Granted 1,446 $ 27.77
Exercised (1,730) $ 10.87
Forfeited (358) $ 20.75
Outstanding at January 29, 2005 9,911 $ 16.54
Granted 2,324 $ 28.17
Exercised (3,165) $ 13.06
Forfeited (405) $ 25.60
Outstanding at January 28, 2006 8,665 $ 20.51
Granted 796 $ 27.70
Exercised (1,887) $ 14.80
Forfeited (347) $ 27.16
Outstanding at February 3, 2007 7,227 $ 22.47 6.24 $ 73,225
Vested or Expected to Vest at February 3, 2007 7,089 $ 22.36 6.19 $ 72,568
Exercisable at February 3, 2007 4,581 $ 19.39 5.13 $ 60,512
The following table summarizes information about the weighted average remaining contractual life (in years) and the weighted
average exercise prices for stock options both outstanding and exercisable as of February 3, 2007 (number of shares in
thousands):
Options outstanding Options exercisable
Exercise price range Number of shares Remaining life Exercise price Number of shares Exercise price
$ 6.47 to $ 11.50 1,471 2.54 $ 10.21 1,471 $ 10.21
$ 11.53 to $ 23.06 1,516 5.56 $ 19.17 1,430 $ 19.02
$ 23.12 to $ 27.81 1,780 8.05 $ 26.64 746 $ 26.24
$ 27.84 to $ 28.69 1,819 7.60 $ 28.51 580 $ 28.43
$ 28.71 to $ 32.85 641 7.41 $ 29.65 354 $ 29.75
Totals 7,227 6.24 $ 22.47 4,581 $ 19.39
During fiscal 2006, 2005 and 2004, restricted stock awards totaling 569,000, 892,000 and 476,000 shares, respectively, were
issued under the 2004 Plan and the Prior Plans, and 149,000, 200,000 and 55,000 shares were forfeited during each respective
year. The market value of these shares at the date of grant is amortized to expense ratably over the vesting period of generally
two to four years. The unamortized compensation expense at February 3, 2007 and January 28, 2006 was $27.4 million and $29.4
million, respectively. During fiscal 2006, 2005 and 2004, shares purchased for tax withholding totaled 133,400, 233,300 and
306,400 shares, respectively, and are considered treasury shares which are available for reissuance. As of February 3, 2007 and
January 28, 2006, total shares subject to repurchase related to unvested restricted stock were 2.0 million and 2.2 million shares
respectively. A total of 3,278,000, 3,846,000 and 4,740,000 shares were available for new restricted stock awards under the 2004
Plan and the Prior Plans at the end of fiscal 2006, 2005 and 2004, respectively.