Philips 2006 Annual Report Download - page 163
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Philips Annual Report 2006 163
Fixed option plans
USD-denominated
shares
weighted average
exercise price
weighted average
remaining contractual
term (in years)
aggregate intrinsic
value (in millions)
Outstanding at January 1, 2006 21,921,861 27.58
Granted 3,016,245 31.93
Exercised 4,714,730 24.98
Forfeited 1,000,710 30.22
Expired − −
Outstanding at December 31, 2006 19,222,666 28.76 6.1 178
Exercisable at December 31, 2006 13,225,219 28.70 5.0 126
The weighted average grant-date fair value of options granted during 2006, 2005 and 2004 was USD 12.31, USD 9.30, and USD 11.37, respectively.
The total intrinsic value of options exercised during 2006, 2005 and 2004 was USD 43 million, USD 5 million, and USD 21 million, respectively.
Variable option plans
EUR-denominated
shares
weighted average
exercise price
weighted average
remaining contractual
term (in years)
aggregate intrinsic
value (in millions)
Outstanding at January 1, 2006 5,331,067 37.84
Granted − −
Exercised 2,618 25.59
Forfeited 258,834 39.25
Expired − −
Outstanding at December 31, 2006 5,069,615 37.78 3.8 −
Exercisable at December 31, 2006 5,069,615 37.78 3.8 −
Variable options were not granted during 2006, 2005 and 2004. The total intrinsic value of options exercised during 2006, 2005, and 2004
was not signifi cant.
Variable option plans
USD-denominated
shares
weighted average
exercise price
weighted average
remaining contractual
term (in years)
aggregate intrinsic
value (in millions)
Outstanding at January 1, 2006 2,853,696 34.73
Granted − −
Exercised 429,708 26.10
Forfeited 152,346 39.67
Outstanding at December 31, 2006 2,271,642 36.04 3.7 10
Exercisable at December 31, 2006 2,271,642 36.04 3.7 10
Variable options were not granted during 2006, 2005 and 2004. The total intrinsic value of options exercised during 2006, 2005, and 2004
was USD 3 million, USD 1 million, and USD nil, respectively.
226 Corporate governance224 Reconciliation of
non-US GAAP information
234 The Philips Group
in the last ten years
236 Investor information