HP 2006 Annual Report Download - page 94
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 2: Stock-Based Compensation (Continued)
Option activity was as follows for the following fiscal years ended October 31:
2005 2004
Weighted- Weighted-
Average Average
Exercise Exercise
Shares Price Shares Price
Shares in thousands
Outstanding at beginning of year ..................... 549,868 $30 499,858 $31
Granted ....................................... 63,635 $22 71,894 $22
Assumed through acquisitions ........................ 558 $ 1 2,507 $14
Exercised ....................................... (46,628) $17 (12,869) $13
Forfeited or cancelled ............................. (36,200) $35 (11,522) $30
Outstanding at end of year .......................... 531,233 $30 549,868 $30
Exercisable at end of year .......................... 386,303 $33 377,438 $33
Information about options outstanding was as follows at October 31, 2006:
Options Outstanding Options Exercisable
Weighted-
Average
Remaining Weighted- Weighted-
Contractual Average Average
Shares Life in Exercise Shares Exercise
Range of Exercise Prices Outstanding Years Price Exercisable Price
Shares in thousands
$0-$9.99 ............................ 651 5.7 $ 4 393 $ 6
$10-$19.99 .......................... 62,902 4.7 $16 49,336 $16
$20-$29.99 .......................... 183,469 5.2 $23 115,265 $24
$30-$39.99 .......................... 107,171 5.2 $33 59,800 $35
$40-$49.99 .......................... 51,901 3.1 $46 51,901 $46
$50-$59.99 .......................... 25,334 3.3 $57 25,334 $57
$60 and over ........................ 14,312 2.7 $71 14,312 $71
445,740 4.7 $31 316,341 $33
As of October 31, 2006, $677 million of total unrecognized compensation cost related to stock
options is expected to be recognized over a weighted-average period of 2.30 years.
Cash received from option exercises and purchases under the ESPP in fiscal 2006 was
$2,538 million. The actual tax benefit realized for the tax deduction from option exercises of the share-
based payment awards in fiscal 2006 totaled $420 million.
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