Starbucks 1999 Annual Report Download - page 23

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NOTE 11: EMPLOYEE STOCK AND BENEFIT PLANS
  
The Company maintains several stock option plans under which the Company may grant incentive
stock options and non-qualified stock options to employees, consultants and non-employee
directors. Stock options have been granted at prices at or above the fair market value on the date of
grant. Options vest and expire according to terms established at the grant date.
The following summarizes all stock option transactions from September 30, 1996, through
October 3, 1999.
 
  
    
    
     
Outstanding, September 30, 1996 15,572,456 $ 6.35 6,633,934 $ 4.22
Granted 5,859,592 16.62
Exercised (2,763,830) 4.96
Cancelled (760,896) 10.65
Outstanding, September 28, 1997 17,907,322 9.66 7,427,352 5.43
Granted 6,508,632 18.52
Exercised (3,683,078) 6.13
Cancelled (1,229,478) 11.79
Outstanding, September 27, 1998 19,503,398 13.10 7,560,806 8.49
Granted 8,051,998 22.97
Exercised (3,522,908) 9.53
Cancelled (1,461,937) 18.99
Outstanding, October 3, 1999 22,570,551 $ 16.84 12,080,825 $ 13.55
At October 3, 1999, there were 10,620,149 shares of common stock available for issuance
pursuant to future stock option grants.
Additional information regarding options outstanding as of October 3, 1999, is as follows:
   

  
  
    
    ⁽⁾  
$ 0.37 $ 6.28 2,483,329 3.71 $ 4.58 2,469,329 $ 4.57
6.31 9.41 2,480,518 5.68 8.57 2,191,796 8.51
9.69 18.41 9,148,398 7.51 16.93 5,281,766 16.43
19.42 26.25 7,948,806 9.09 21.96 2,137,934 21.98
35.31 35.31 509,500 9.68 35.31 – –
$ 0.37 $ 35.31 22,570,551 7.50 $ 16.84 12,080,825 $ 13.55
.
STARBUCKS COFFEE COMPANY