Coca Cola 2006 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2006 Coca Cola annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 144

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 15: STOCK COMPENSATION PLANS (Continued)
A summary of stock option activity under all plans for the years ended December 31, 2006, 2005 and 2004,
is as follows:
Aggregate
Weighted-Average Intrinsic
Shares Weighted-Average Remaining Value
(In millions) Exercise Price Contractual Life (In millions)
2006
Outstanding on January 1, 2006 203 $ 48.50
Granted12 41.65
Exercised (4) 44.53
Forfeited/expired2(15) 48.30
Outstanding on December 31, 2006 186 $ 48.52 8.1 years $ 502
Expected to vest at December 31, 2006 182 $ 48.65 8.1 years $ 478
Exercisable on December 31, 2006 141 $ 50.50 8.0 years $ 227
Shares available on December 31, 2006
for options that may be granted 64
Aggregate
Weighted-Average Intrinsic
Shares Weighted-Average Remaining Value
(In millions) Exercise Price Contractual Term (In millions)
2005
Outstanding on January 1, 2005 183 $ 49.41
Granted134 41.26
Exercised (7) 35.63
Forfeited/expired2(7) 49.11
Outstanding on December 31, 2005 203 $ 48.50 8.8 years $ 0
Exercisable on December 31, 2005 131 $ 51.61 8.4 years $ 0
Shares available on December 31, 2005
for options that may be granted 58
Aggregate
Weighted-Average Intrinsic
Shares Weighted-Average Remaining Value
(In millions) Exercise Price Contractual Term (In millions)
2004
Outstanding on January 1, 2004 167 $ 50.56
Granted131 41.63
Exercised (5) 35.54
Forfeited/expired2(10) 51.64
Outstanding on December 31, 2004 183 $ 49.41 9.3 years $ 51
Exercisable on December 31, 2004 116 $ 52.02 8.7 years $ 39
Shares available on December 31, 2004
for options that may be granted 85
1No grants were made from the 1991 Option Plan during 2006, 2005 or 2004.
2Shares forfeited/expired relate to the 1991, 1999 and 2002 Option Plans.
The total intrinsic value of the options exercised during the years ended December 31, 2006, 2005 and 2004,
was $11 million, $49 million and $67 million, respectively.
102