Safeway 2004 Annual Report Download - page 46

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44 SAFEWAY INC. 2004 ANNUAL REPORT
SAFEWAY INC. AND SUBSIDIARIES
The following table summarizes stock option information at year-end 2004:
Options Outstanding Options Exercisable
Range of Number Weighted-Average Weighted-Average Number Weighted-Average
Exercise Prices of Options Remaining Contractual Life Exercise Price of Options Exercise Price
$ 1.57 to $ 2.81 2,606,969 3.10 years $ 2.75 2,606,969 $ 2.75
3.00 to 8.87 1,869,411 1.53 4.35 1,869,411 4.35
8.88 to 19.60 1,794,717 3.53 14.66 1,329,407 13.09
19.76 to 19.99 3,993,710 5.58 19.96 97,452 19.76
20.00 to 22.78 3,263,653 5.67 20.90 419,918 20.25
22.83 to 27.15 3,565,683 5.95 25.22 1,927,525 25.30
27.40 to 40.94 2,900,344 5.06 33.57 1,971,445 33.98
41.00 to 50.31 3,925,251 5.28 44.26 2,763,507 43.98
50.44 to 62.50 2,894,823 5.89 54.22 2,232,739 53.97
1.57 to 62.50 26,814,561 4.92 26.37 15,218,373 26.35
Activity in the Company’s stock option plans for the three-year period ended January 1, 2005 was as follows:
Weighted Average
Options Exercise Price
Outstanding, year-end 2001 38,646,881 $29.61
2002 Activity:
Granted 5,044,297 39.57
Canceled (2,727,671) 39.08
Exercised (3,019,997) 10.64
Outstanding, year-end 2002 37,943,510 31.70
2003 Activity:
Granted 4,230,118 21.87
Canceled (3,355,444) 38.42
Exercised (2,511,557) 6.85
Outstanding, year-end 2003 36,306,627 31.51
2004 Activity:
Granted 5,871,639 20.60
Canceled (12,167,123) 44.07
Exercised (3,196,582) 6.78
Outstanding, year-end 2004 26,814,561 26.37
Exercisable, year-end 2002 19,960,460 20.60
Exercisable, year-end 2003 21,697,133 27.24
Exercisable, year-end 2004 15,218,373 26.35
Weighted average fair value of options granted during the year:
2002 $18.46
2003 9.64
2004 8.57