THQ 2004 Annual Report Download - page 78

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Weighted Average Number of
Stock Options Exercise Price Shares
Balance at January 1, 2001 $ 10.61 5,119,955
Granted $ 26.01 3,206,811
Exercised $ 9.43 (1,628,538)
Canceled $ 13.47 (331,016)
Balance at December 31, 2001 $ 18.42 6,367,212
Granted $ 26.54 2,192,639
Exercised $ 9.58 (545,937)
Canceled $ 24.54 (1,042,064)
Balance at December 31, 2002 $ 20.93 6,971,850
Granted $ 12.40 487,500
Exercised $ 9.83 (143,148)
Canceled $ 20.46 (442,410)
Balance at March 31, 2003 $ 20.58 6,873,792
Granted $ 16.10 2,414,425
Exercised $ 8.59 (781,330)
Canceled $ 27.05 (2,030,468)
Balance at March 31, 2004 $ 18.14 6,476,419
Options exercisable at December 31, 2001 $ 11.51 1,759,140
Options exercisable at December 31, 2002 $ 16.75 3,164,326
Options exercisable at March 31, 2003 $ 18.03 3,382,098
Options exercisable at March 31, 2004 $ 18.39 3,260,463
Options granted and shares exercised relating to options granted outside of our stock option plans during the years ended December 31, 2002 and 2001
transition 2003, and the fiscal year ended March 31, 2004 are listed below. Share exercise prices for these options equal the market price of our common
stock at the date of the grant except for options issued by Pacific Coast Power & Light and Genetic Anomalies prior to the acquisitions, which were issued
at below market value. These options were accounted for under APB Opinion No. 25 and we have recognized stock compensation of $84,000, $189,000,
$169,000, and $299,000 for the fiscal year ended March 31, 2004, Transition 2003 and for the years ended December 31, 2002 and 2001, respectively.
Generally, options granted outside of our stock option plans become exercisable over three years and expire within five years from the date of grant.