TiVo 2003 Annual Report Download - page 74

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Table of Contents
A summary of the stock options activity for the 1997 Equity Incentive Plan, the 1999 Equity Incentive Plan and the 1999 Non-Employee Directors'
Stock Option Plan is presented in the table and narrative below:
Shares
Range of Exercise
Prices
Weighted
Average
Exercise
Prices
Outstanding at January 31, 2001 7,397,307 $ 13.51
Granted 4,726,000 $ 3.00 - $8.61 $ 5.06
Exercised (202,073) $ 2.49
Canceled (1,286,268) $ 14.44
Outstanding at January 31, 2002 10,634,966 $ 9.86
Granted 2,366,800 $ 2.67 - $5.50 $ 3.95
Exercised (620,436) $ 2.47
Canceled (943,234) $ 9.71
Outstanding at January 31, 2003 11,438,096 $ 9.05
Granted 3,913,033 $ 4.98 - $13.50 $ 7.36
Exercised (1,555,287) $ 4.75
Canceled (582,472) $ 8.56
Outstanding at January 31, 2004 13,213,370 $ 9.09
The weighted average fair values of options granted, whose option price equals the fair market value of the Company's common stock on the grant date,
during the fiscal years ended January 31, 2004, 2003, and 2002 were $3.42, $1.72, and $2.26, respectively.
Stock options to purchase 58,000 were granted during the fiscal year ended January 31, 2004 with option prices less than the fair market value of the
Company's common stock for the date of grant.
A compensatory stock award of 35,000 shares of the company's common stock was granted to an employee during the fiscal year ended January 31,
2004. The fair value of the compensatory stock award granted during the fiscal year ended January 31, 2004 was $369,950 based on the closing price of
$10.57 per share on the date of grant.
The weighted average fair values of options granted, whose option price was less than the fair market value of the Company's common stock on the
grant date, during the fiscal years ended January 31, 2004, 2003, and 2002, were $3.92, none, and $0.67 per share, respectively. The fair values of options
granted were determined using the Black-Scholes option-pricing model. There were no stock options granted for any of the reporting periods where the
exercise price exceeded the fair market value of the Company's common stock on the grant date.
The following table contains information concerning outstanding stock options for all of the Company's plans as of January 31, 2004:
Number of
Options Outstanding
Range of
Exercise Prices
Weighted Average
Exercise Prices of
Options
Outstanding
Weighted Average
Remaining
Contractual Life
Number of
Options
Outstanding and
Exercisable
Weighted Average
Exercise Prices of
Options
Outstanding and
Exercisable
231,802 $ 0.13 - $ 1.00 $ 0.63 4.86 years 231,802 $ 0.63
2,585,670 $ 2.50 - $ 3.93 $ 3.57 8.00 years 1,490,038 $ 3.42
5,173,115 $ 4.00 - $ 6.94 $ 5.80 7.70 years 2,986,226 $ 6.11
1,353,185 $ 7.13 - $ 9.50 $ 8.58 8.10 years 670,581 $ 8.76
1,442,239 $10.50 - $15.88 $10.94 8.60 years 512,216 $11.59
1,598,359 $16.00 - $20.00 $19.23 6.28 years 1,577,600 $19.24
467,750 $20.25 - $27.56 $21.62 6.34 years 467,750 $21.62
361,250 $30.00 - $37.63 $34.51 5.98 years 361,250 $34.51