Cabela's 2006 Annual Report Download - page 91

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87
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
The stock options outstanding and exercisable for equity share-based payment awards as of December 30,
2006, were in the following exercise price ranges:
Options Outstanding Options Exercisable
Exercise
Price Shares
Weighted
Average
Exercise Price
Average
Remaining
Contractual Life Shares
Weighted
Average
Exercise Price
$0.00 to $5.00 . . . . . . . . . . . . . . . . . . . . . 436,729 $ 3.85 1.2 years 278,917 $ 3.70
$5.01 to $10.00 . . . . . . . . . . . . . . . . . . . . 729,757 8.26 4.3 years 247,152 8.27
$10.01 to $15.00 . . . . . . . . . . . . . . . . . . . . 1,562,687 11.62 4.5 years 611,235 11.63
$15.01 to $20.00 . . . . . . . . . . . . . . . . . . . 2,152,236 19.73 8.5 years 910,506 19.99
$20.01 to $25.00 . . . . . . . . . . . . . . . . . . . 2,000 21.77 8.0 years 2,000 21.77
$25.01 to $30.00 . . . . . . . . . . . . . . . . . . . 4,000 27.26 7.6 years 4,000 27.26
4,887,409 $ 14.01 5.9 years 2,053,810 $13.89
15. STOCKHOLDERS’ EQUITY AND DIVIDEND RESTRICTIONS
Preferred Stock - The Company is authorized to issue 10,000,000 shares of preferred stock having a par value
of $0.01 per share. None of the shares of the authorized preferred stock have been issued. The board of directors is
authorized to issue these shares of preferred stock without stockholder approval in different classes and series and,
with respect to each class or series, to determine the dividend rate, the redemption provisions, conversion provisions,
liquidation preference and other rights, privileges and restrictions. The issuance of any preferred stock could have
the effect of diluting the voting power of the holders of common stock, restricting dividends on the common stock,
impairing the liquidation rights of the common stock or delaying or preventing a change in control without further
action by the stockholders.
Class A Voting Common Stock - The holders of the Company’s Class A common stock are entitled to receive
ratably dividends, if any, the board of directors may declare from time to time from funds legally available therefore,
subject to the preferential rights of the holders of any shares of the Company’s preferred stock that the Company may
issue in the future. The holders of the Company’s Class A common stock are entitled to one vote per share on any
matter to be voted upon by stockholders.
Upon any voluntary or involuntary liquidation, dissolution or winding up of the Company’s affairs, the holders
of the Company’s Class A common stock are entitled to share ratably with the holders of Class B non-voting common
stock in all assets remaining after payment to creditors and subject to prior distribution rights of any shares of
preferred stock that the Company may issue in the future. All of the outstanding shares of Class A common stock are
fully paid and non-assessable.
Class B Non-voting Common Stock - The holders of the Company’s Class B non-voting common stock are not
entitled to any voting rights, except that the holders may vote as a class, with each holder receiving one vote per share
of Class B non-voting common stock, on any amendment, repeal or modification of any provision of the Company’s
Amended and Restated Certificate of Incorporation that adversely affects the powers, preferences or special rights
of holders of Class B non-voting common stock. Shares of the Company’s Class B non-voting common stock are
convertible into the same number of shares of Class A voting common stock at any time. However, no holder of
shares of Class B non-voting common stock is entitled to convert any of its shares into shares of Class A common
stock, to the extent that, as a result of such conversion, the holder directly, or indirectly, would own, control or have
the power to vote a greater number of shares of Class A common stock or other securities of any kind issued by the
Company than the holder is legally permitted to own, control or have the power to vote. Subject to the prior rights
of holders of preferred stock, if any, holders of Class B non-voting common stock, which rates equally with the
Company’s Class A common stock in respect of dividends, are entitled to receive ratably dividends, if any, as may be
lawfully declared from time to time by the Company’s board of directors.