Southwest Airlines 1996 Annual Report Download - page 43

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43
A summary of the status of the Company’s five fixed option plans as of December 31,
1996, 1995, and 1994, and changes during the years ending on those dates is presented below:
INCENTIVE PLAN* NON-QUALIFIED
PLANS**
OPTIONS
AVERAGE
EXERCISE
PRICE OPTIONS
AVERAGE
EXERCISE
PRICE
Outstanding
December 31, 1993 4,312,287 $8.83 301,277 $8.92
Granted - Incentive Plan 794,714 29.02 - -
Granted - Other Non-Qualified
Plans - - 63,918 34.85
Exercised (190,159) 8.23 (9,940) 7.85
Surrendered (104,880) 14.22 - -
Outstanding
December 31, 1994 4,811,962 12.07 355,255 13.61
Granted - Incentive Plan 983,214 18.80 - -
Granted - SWAPA Plan - - 14,527,050 20.00
Granted - Other Non-Qualified
Plans - - 93,315 18.77
Exercised (275,058) 8.50 (60,510) 15.12
Surrendered (308,239) 12.71 (61,041) 19.61
Outstanding
December 31, 1995 5,211,879 13.47 14,854,069 19.86
Granted - Incentive Plan 1,670,344 25.18 - -
Granted - SWAPA Plan - - 466,200 23.82
Granted - Other Non-Qualified
Plans - - 69,122 25.17
Exercised (395,848) 10.27 (290,385) 17.89
Surrendered (250,446) 20.16 (94,985) 20.00
Outstanding
December 31, 1996 6,235,929 $16.54 15,004,021 $20.04
Exercisable
December 31, 1996 1,237,517 4,250,643
Available for granting in future periods 7,352,821 3,854,504
*Includes 1991 Incentive Stock Option Plan. No options have been granted under the 1996 Incentive Stock
Option Plan.
**Includes 1991 Non-Qualified Stock Option Plan and SWAPA Plan. No options have been granted under
the 1996 Non-Qualified Stock Option Plan.