Intel 2004 Annual Report Download - page 41

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Table of Contents
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
(Continued)
In-the-money and out-of-the-money
†
option information as of December 25, 2004 was as follows:
Options granted to listed officers as a group during 2004 were as follows:
Option exercises during 2004 and option values for listed officers as a group as of December 25, 2004 were as follows:
Information as of December 25, 2004 regarding equity compensation plans approved and not approved by stockholders is summarized in
the following table (shares in millions):
Exercisable
Unexercisable
Total
(Shares in Millions)
Shares
Weighted
Average
Exercise Price
Shares
Weighted
Average
Exercise Price
Shares
Weighted
Average
Exercise Price
In
-
the
-
money
240.5
$
16.01
162.6
$
19.35
403.1
$
17.36
Out
-
of
-
the
-
money
157.0
$
35.81
323.8
$
32.73
480.8
$
33.73
Total options outstanding
397.5
$
23.83
486.4
$
28.25
883.9
$
26.26
†
Out-of-the-money options have an exercise price equal to or above $23.54, the closing price of Intel stock at the end of fiscal 2004, as
reported on The NASDAQ Stock Market*.
Number of
Securities
Underlying
Option Grants
Percent of Total
Options Granted
to Employees
Exercise Price
Per Share
Expiration Date
Potential Realizable Values at Assumed
Annual Rates of Stock Price Appreciation
for Option Term†
5%
10%
1,210,000
1.1%
$27.00
2014
$20,542,200
$52,057,900
†
Represents gains that could accrue for these options, assuming that the market price of Intel common stock appreciates over a period
of 10 years at annualized rates of 5% and 10% from the date of grant. If the stock price does not increase above the exercise price, the
realized value from these options would be zero.
Shares Acquired
on Exercise
Value Realized
Number of Shares Underlying Unexercised
Options at December 25, 2004
Values of Unexercised In-the-Money
Options at December 25, 2004†
Exercisable
Unexercisable
Exercisable
Unexercisable
1,604,000
$31,688,800
7,894,100
10,525,500
$62,308,200
$23,134,800
†
These amounts represent the difference between the exercise price and $23.54, the closing price of Intel stock at the end of fiscal 2004,
for all in
-
the
-
money options held by listed officers.
Plan Category
(A)
Number of Shares to
Be Issued Upon
Exercise of
Outstanding
Options
(B)
Weighted Average
Exercise Price of
Outstanding
Options
(C)
Number of Shares
Remaining Available
for Future Issuance
Under Equity
Incentive Plans
(Excluding Shares
Reflected in
Column A)
Equity incentive plans approved by stockholders
154.6
$18.73
287.9
1
Equity incentive plans not approved by
stockholders
2
722.8
$27.97
—
Total
877.4
3
$26.34
287.9