Coca Cola 2004 Annual Report Download - page 98

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Coca-Cola Company and Subsidiaries
NOTE 13: RESTRICTED STOCK, STOCK OPTIONS AND OTHER STOCK PLANS (Continued)
The following table summarizes information about stock options at December 31, 2004 (shares in millions):
Outstanding Stock Options Exercisable Stock Options
Weighted-Average
Remaining Weighted-Average Weighted-Average
Range of Exercise Prices Shares Contractual Life Exercise Price Shares Exercise Price
$ 30.00 to $ 40.00 6 0.8 years $ 35.63 6 $ 35.63
$ 40.01 to $ 50.00 119 10.3 years $ 46.03 53 $ 47.57
$ 50.01 to $ 60.00 48 9.1 years $ 56.25 47 $ 56.30
$ 60.01 to $ 86.75 10 3.8 years $ 65.85 10 $ 65.85
$ 30.00 to $ 86.75 183 9.3 years $ 49.41 116 $ 52.02
Restricted Stock Award Plans
Under the amended 1989 Restricted Stock Award Plan and the amended 1983 Restricted Stock Award Plan
(the ‘‘Restricted Stock Award Plans’’), 40 million and 24 million shares of restricted common stock, respectively,
were originally available to be granted to certain officers and key employees of our Company.
On December 31, 2004, 31 million shares remain available for grant under the Restricted Stock Award
Plans. Participants are entitled to vote and receive dividends on the shares and, under the 1983 Restricted Stock
Award Plan, participants are reimbursed by our Company for income taxes imposed on the award, but not for
taxes generated by the reimbursement payment. The shares are subject to certain transfer restrictions and may
be forfeited if a participant leaves our Company for reasons other than retirement, disability or death, absent a
change in control of our Company.
The following awards were outstanding as of December 31, 2004:
• 513,700 shares of restricted stock in which the restrictions lapse upon the achievement of continued
employment over a specified period of time (time-based restricted stock awards);
• 713,000 shares of performance-based restricted stock in which restrictions lapse upon the achievement of
specific performance goals over a specified performance period. An additional 125,000 shares were
promised, based upon achievement of relevant performance criteria, for employees based outside of the
United States; and
• 1,583,447 performance share unit awards which could result in a future grant of restricted stock after the
achievement of specific performance goals over a specified performance period. Such awards are subject
to adjustment based on the final performance relative to the goals, resulting in a minimum grant of no
shares and a maximum grant of 2,339,171 shares.
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