Coca Cola 2007 Annual Report Download - page 102

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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, 2007, 2006 and 2005 is as
follows:
Shares
(In millions) Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Life
Aggregate
Intrinsic
Value
(In millions)
2007
Outstanding on January 1, 2007 186 $ 48.52
Granted141 48.06
Exercised (31) 46.79
Forfeited/expired2(14) 53.91
Outstanding on December 31, 2007 182 $ 48.29 7.6 years $ 2,419
Expected to vest at December 31, 2007 178 $ 48.35 7.6 years $ 2,357
Exercisable on December 31, 2007 121 $ 49.66 7.2 years $ 1,453
Shares available on December 31, 2007 for
options that may be granted 30
Shares
(In millions) Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value
(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
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
Shares
(In millions) Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value
(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
1No grants were made from the 1991 Option Plan during 2007, 2006 or 2005.
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, 2007, 2006 and 2005 was
$284 million, $11 million and $49 million, respectively.
100