Cabela's 2008 Annual Report Download - page 96

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91
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
The following table provides information relating to our equity share-based payment awards at December 27, 2008:
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Fair Value
Aggregate
Intrinsic
Value
Weighted
Average
Remaining
Contractual
Life (in Years)
Vested and exercisable 2,623,923 $17.12 $6.88 $83 5.16
Non-vested 2,659,327 17.03 5.15 29 6.42
Total outstanding 5,283,250 17.08 6.01 $ 112 5.79
Expected to vest after December 27, 2008 2,596,703 17.03 5.15 $29 6.42
The aggregate intrinsic value of awards exercised was $2,602, $8,188, and $3,473 during 2008, 2007, and
2006, respectively. The total fair value of shares vested was $12,864, $5,025, and $3,843, in 2008, 2007, and 2006,
respectively. Based on our closing stock price of $6.50 as of December 27, 2008, the total number of in-the-money
awards exercisable as of December 27, 2008, was 112,280.
The stock options outstanding and exercisable for equity share-based payment awards as of December 27, 2008,
were in the following exercise price ranges:
Options Outstanding Options Exercisable
Exercise
Price Shares
Weighted
Average
Exercise Price
Average
Remaining
Contractual
Life (in Years) Shares
Weighted
Average
Exercise Price
$0.00 to $10.00 534,037 $8.15 2.34 333,685 $8.00
$10.01 to $15.00 762,392 12.17 4.34 552,831 12.43
$15.01 to $17.50 1,049,700 15.25 7.32 - -
$17.51 to $20.00 1,950,121 19.73 6.27 1,380,053 19.83
$20.01 to $25.00 983,000 22.38 6.21 353,354 22.37
$25.01 to $30.00 4,000 27.26 5.59 4,000 27.26
5,283,250 17.08 5.79 2,623,923 17.12
19. STOCK OPTION AND OTHER EMPLOYEE BENEFIT PLANS
Employee Stock Option Plans – The Cabela’s Incorporated 2004 Stock Plan (the “2004 Plan”) provides for the
granting of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted
stock units, and other stock-based awards to employees, directors, and consultants. Options granted under the 2004
Plan have a term of no greater than ten years from the grant date and are exercisable in accordance with the vesting
schedule determined at the time the awards are granted. During 2008, there were 1,073,077 options granted to
employees and 12,000 options granted to non-employee directors, all at an exercise price of $15.25 per share except
7,677 options which were granted at $7.16 per share. The options have an eight-year term and vest over three years
for employees and one year for non-employee directors.