GE 2005 Annual Report Download - page 124

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(124)
STOCK OPTION ACTIVITY
Average per share
(Shares in thousands)
Shares
subject
to option
Exercise
price
Market
price
Balance at December 31, 2002 362,058 $ 26.26 $ 24.35
Options granted 8,261 31.19 31.19
Options exercised (43,829) 9.45 27.59
Options terminated (10,643) 38.98 (a )
Balance at December 31, 2003 315,847 28.30 30.98
Options granted(b) 27,141 32.26 32.26
Options exercised (43,110) 10.54 32.68
Options terminated (13,409) 36.91 (a )
Balance at December 31, 2004 286,469 30.94 36.50
Options granted 12,779 34.54 34.54
Options exercised (31,568) 12.54 35.37
Options terminated (9,746) 37.62 (a)
Balance at December 31, 2005 257,934 $ 33.12 $ 35.05
(a) Not applicable.
(b) Included approximately 3.5 million options that replaced canceled stock appreciation rights and have identical terms.
STOCK COMPENSATION PLANS
December 31, 2005 (Shares in thousands)
Securities
to be
issued
upon
exercise
Weighted
average
exercise
price
Securities
available
for future
issuance
APPROVED BY SHAREOWNERS
Options 256,584 $ 33.16 (a )
RSUs 31,877
(b
) (a )
PSUs 950
(b
) (a )
NOT APPROVED BY SHAREOWNERS
(CONSULTANTS’ PLAN)
Options 1,350 25.17 (c )
RSUs 98
(b
) (c )
Total(d) 290,859 $ 33.12 130,261
(a) Under the 1990 Long-Term Incentive Plan, 0.95% of issued common stock (including treasury shares) as of the first day of each calendar
year during which the Plan is in effect becomes available for awards in that calendar year. Total shares available for future issuance under
the 1990 Long-Term Incentive Plan amounted to 105.9 million shares.
(b) Not applicable.
(c) Total shares available for future issuance under the consultants’ plan amount to 24.4 million shares.
(d) In connection with various acquisitions, there are an additional 1.2 million options outstanding, with a weighted average exercise price of
$21.81.
Outstanding options expire on various dates through December 8, 2015.
The following table summarizes information about stock options outstanding at December 31, 2005.