Starbucks 2000 Annual Report Download - page 26

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Note 12: Employee stock and benefit plans
stock option plans
The Company maintains several stock option plans under which the Company may grant incentive stock
options and non-qualified stock options to employees, consultants and non-employee directors. Stock
options have been granted at prices at or above the fair market value on the date of grant. Options vest
and expire according to terms established at the grant date. The following summarizes all stock option
transactions from September 28, 1997, through October 1, 2000:
WEIGHTED WEIGHTED
AVERAGE SHARES AVERAGE
SHARES EXERCISE SUBJECT TO EXERCISE
SUBJECT TO PRICE EXERCISABLE PRICE
OPTIONS PER SHARE OPTIONS PER SHARE
Outstanding, September 28, 1997 17,907,322 $ 9.66 7,427,352 $ 5.43
Granted 6,508,632 18.52
Exercised (3,683,078) 6.13
Cancelled (1,229,478) 11.79
Outstanding, September 27, 1998 19,503,398 13.10 7,560,806 8.49
Granted 8,051,998 22.97
Exercised (3,522,908) 9.53
Cancelled (1,461,937) 18.99
Outstanding, October 3, 1999 22,570,551 16.84 12,080,825 13.55
Granted 4,705,165 24.84
Exercised (4,471,785) 13.07
Cancelled (1,859,068) 21.41
Outstanding, October 1, 2000 20,944,863 $ 19.10 10,165,370 $ 15.65
As of October 1, 2000, there were 16,762,482 shares of common stock available for issuance pursuant
to future stock option grants.
Additional information regarding options outstanding as of October 1, 2000, is as follows:
OPTIONS OUTSTANDING OPTIONS EXERCISABLE
WEIGHTED
AVERAGE WEIGHTED WEIGHTED
REMAINING AVERAGE AVERAGE
RANGE OF CONTRACTUAL EXERCISE EXERCISE
EXERCISE PRICES SHARES LIFE (YEARS) PRICE SHARES PRICE
$ 0.75 $ 9.41 3,046,798 4.04 $ 7.14 2,872,310 $ 7.01
9.69 18.41 6,942,673 6.54 16.92 4,007,553 16.15
19.42 22.69 5,530,507 8.17 21.52 2,681,621 21.48
23.25 35.31 5,197,385 8.93 25.60 603,886 27.49
36.06 40.75 227,500 9.75 38.13 - -
$ 0.75 $ 40.75 20,944,863 7.23 $ 19.10 10,165,370 $ 15.65
P. 42 starbucks coffee company