Philips 2004 Annual Report Download - page 160

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A summary of the status of the Company’s stock option plans as of December 31, 2004, 2003
and 2002 and changes during the years then ended is presented below:
Fixed option plans
2002 2003 2004
shares weighted
average
exercise
(price in EUR)
shares weighted
average
exercise
(price in EUR)
shares weighted
average
exercise
(price in EUR)
Outstanding at the beginning of the year 16,091,485 27.20 23,292,110 30.76 23,409,030 30.37
Granted 10,511,828 31.95 3,835,088 16.87 3,573,724 24.09
Exercised (2,172,300) 12.86 (1,422,000) 15.57 (1,368,025) 15.97
Forfeited (1,138,903) 25.67 (2,296,168) 20.84 (1,253,027) 28.60
Outstanding at the end of the year 23,292,110 30.76 23,409,030 30.37 24,361,702 30.29
Weighted average fair value of options granted during the
year in EUR 14.90 7.68 9.46
(price in USD) (price in USD) (price in USD)
Outstanding at the beginning of the year 13,009,155 29.14 22,602,531 29.34 23,774,109 27.70
Granted 11,697,253 29.58 3,687,757 18.22 3,162,126 28.70
Exercised (325,688) 19.58 (288,227) 20.35 (592,527) 21.86
Forfeited (1,778,189) 31.26 (2,227,952) 29.63 (4,161,154) 29.17
Outstanding at the end of the year 22,602,531 29.34 23,774,109 27.70 22,182,554 27.72
Weighted average fair value of options granted during the
year in USD 13.01 7.54 11.37
Variable plans
2002 2003 2004
shares weighted
average
exercise
(price in EUR)
shares weighted
average
exercise
(price in EUR)
shares weighted
average
exercise
(price in EUR)
Outstanding at the beginning of the year 8,256,085 37.87 7,211,422 37.20 5,849,872 37.86
Granted – – ––––
Exercised – – ––––
Forfeited (224,138) 38.67 (213,536) 36.74 (267,993) 38.34
Canceled * (820,525) – (1,148,014) 33.97 – –
Outstanding at the end of the year 7,211,422 37.20 5,849,872 37.86 5,581,879 37.85
Weighted average fair value of options granted during the
year in EUR
not
applicable
not
applicable
not
applicable
(price in USD) (price in USD) (price in USD)
Outstanding at the beginning of the year 8,784,189 29.48 6,774,686 33.15 5,102,958 29.56
Granted – – ––––
Exercised (328,348) 4.47 (222,528) 7.87 (996,097) 9.19
Forfeited (956,990) 34.43 (699,898) 30.05 (804,010) 34.87
Canceled * (724,165) – (749,302) 27.11 – –
Outstanding at the end of the year 6,774,686 33.15 5,102,958 29.56 3,302,851 40.56
Weighted average fair value of options granted during the
year in USD
not
applicable
not
applicable
not
applicable
*During 2002 it was determined that 75% of the 2000 performance stock options would be eligible for vesting in 2003.
During 2003 it was determined that 75% of the 2001 performance stock options would be eligible for vesting in 2004.
159Philips Annual Report 2004