Philips 2007 Annual Report Download - page 172

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Philips Annual Report 2007178
The following tables summarize information about Philips stock options as of December 31, 2007 and changes
during the year:
Fixed 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, 2007 29,142,238 28.68
Granted 4,153,086 30.97
Exercised 1,858,978 22.20
Forfeited 1,614,336 35.05
Expired − −
Outstanding at December 31, 2007 29,822,010 29.06 5.7 88
Exercisable at December 31, 2007 19,883,382 30.44 4.4 50
The exercise prices range from EUR 15.29 to 53.75.
The weighted average grant-date fair value of options granted during 2007, 2006, and 2005 was EUR 8.72,
EUR 9.76, and EUR 7.01, respectively. The total intrinsic value of options exercised during 2007, 2006, and 2005
was EUR 16 million, EUR 8 million, and EUR nil, respectively.
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, 2007 19,222,666 28.76
Granted 3,117,627 41.73
Exercised 4,355,558 27.12
Forfeited 904,277 33.11
Expired − −
Outstanding at December 31, 2007 17,080,458 31.32 6.0 196
Exercisable at December 31, 2007 10,301,520 29.12 4.3 141
The exercise prices range from USD 12.94 to 49.71.
The weighted average grant-date fair value of options granted during 2007, 2006 and 2005 was USD 11.99,
USD 12.31, and USD 9.30, respectively. The total intrinsic value of options exercised during 2007, 2006 and 2005
was USD 60 million, USD 43 million, and USD 5 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, 2007 5,069,615 37.78
Granted − −
Exercised 94,842 28.97
Forfeited 707,243 39.44
Expired − −
Outstanding at December 31, 2007 4,267,530 37.70 2.8 −
Exercisable at December 31, 2007 4,267,530 37.70 2.8 −
The exercise prices range from USD 24.35 to 53.75.
Variable options were not granted during 2007, 2006 and 2005.
The total intrinsic value of options exercised during 2007, 2006, and 2005 was not signicant.
128 Group nancial statements
Notes to the group nancial statements
188 IFRS information 240 Company nancial statements