Coca Cola 2008 Annual Report Download - page 114

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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, 2008, 2007 and 2006 is
as follows: Aggregate
Weighted-Average Intrinsic
Shares Weighted-Average Remaining Value
(In millions) Exercise Price Contractual Life (In millions)
2008
Outstanding on January 1, 2008 182 $ 48.29
Granted119 57.85
Exercised (12) 46.82
Forfeited/expired2(13) 60.35
Outstanding on December 31, 2008 176 $ 48.56 7.2 years $ 187
Expected to vest at December 31, 2008 173 $ 48.50 7.2 years $ 186
Exercisable on December 31, 2008 122 $ 47.70 6.8 years $ 156
Shares available on December 31, 2008 for
options that may be granted 155
Aggregate
Weighted-Average Intrinsic
Shares Weighted-Average Remaining Value
(In millions) Exercise Price Contractual Life (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
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
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
1No grants were made from the 1991 Option Plan during 2008, 2007 or 2006.
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, 2008, 2007 and 2006
was $150 million, $284 million and $11 million, respectively.
112