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48 | SOUTHWEST AIRLINES CO. 2002 10-K
Aggregated information regarding the Company’s fixed stock option plans, as adjusted for stock
splits, is summarized below:
COLLECTIVE
BARGAINING PLANS OTHER EMPLOYEE PLANS
(In thousands, except exercise prices) Options
Average
exercise price Options
Average
exercise price
Outstanding December 31, 1999 67,274 $ 4.32 33,331 $ 4.61
Granted 4,707 18.23 11,904 13.86
Exercised (7,895) 4.47 (7,416) 3.47
Surrendered (686) 5.15 (1,461) 8.67
Outstanding December 31, 2000 63,400 5.59 36,358 8.66
Granted 1,665 19.05 4,022 18.75
Exercised (4,166) 4.48 (4,135) 4.77
Surrendered (349) 8.71 (1,394) 10.87
Outstanding December 31, 2001 60,550 6.05 34,851 10.20
Granted 48,414 13.37 4,423 16.90
Exercised (4,211) 4.48 (3,805) 5.75
Surrendered (733) 8.69 (1,317) 12.48
Outstanding December 31, 2002 104,020 $ 9.51 34,152 $ 11.47
Exercisable December 31, 2002 52,733 $ 6.77 12,924 $ 11.33
Available for granting in future periods 39,850 17,982
The following table summarizes information about stock options outstanding under the fixed
option plans at December 31, 2002:
OPTIONS OUTSTANDING OPTIONS EXERCISABLE
Range of
exercise prices
Options
outstanding
at 12/31/02
(000s)
Wtd-
average
remaining
contractual
life
Wtd-
average
exercise
price
Options
exercisable
at 12/31/02
(000s)
Wtd-
average
exercise
price
$3.30 to $4.99 50,811 3.9 yrs $ 4.05 38,717 $ 4.01
$5.11 to $7.41 3,341 3.0 yrs 5.85 2,586 5.91
$7.86 to $11.73 14,247 5.9 yrs 9.84 6,548 9.94
$12.11 to $18.07 61,369 8.4 yrs 13.85 14,738 14.01
$18.26 to $23.94 8,404 7.2 yrs 19.65 3,068 19.91
$3.30 to $23.94 138,172 6.3 yrs $ 9.99 65,657 $ 7.67