Yahoo 2004 Annual Report Download - page 85

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Activity under the Company’s stock option plans is summarized as follows (in thousands, except per share amounts):
Weighted Average
Options Exercise Price
Outstanding per Share
Balance at December 31, 2001 273,914 $19.61
Options assumed 7,450 8.41
Options granted 57,682 7.65
Options exercised (34,818) 1.94
Options canceled (39,260) 23.68
Balance at December 31, 2002 264,968 18.41
Options assumed 21,630 17.39
Options granted 41,212 17.60
Options exercised (48,706) 6.94
Options canceled (31,474) 27.14
Balance at December 31, 2003 247,630 19.32
Options assumed 224 5.77
Options granted 40,189 31.07
Options exercised (59,463) 10.36
Options canceled (15,879) 24.22
Balance at December 31, 2004 212,701 $23.67
The following table summarizes information concerning outstanding and exercisable options as of December 31, 2004 (in
thousands, except years and per share amounts):
Options Outstanding Options Exercisable
Range of Average Remaining Weighted Average Weighted Average
Exercise Prices Number Contractual Life Exercise Price Number Exercise Price
per Share Outstanding (in years) per Share Exercisable per Share
$0.01 - $0.71 3,027 1.5 $ 0.37 3,027 $ 0.37
$0.74 - $3.37 3,559 3.0 2.77 3,476 2.78
$3.48 - $5.05 18,830 6.8 4.63 10,389 4.60
$5.08 - $9.06 37,126 7.2 8.00 18,031 8.04
$9.07 - $15.00 24,028 6.5 12.75 15,836 13.20
$15.02 - $20.31 9,215 6.9 17.19 3,122 17.21
$20.53 - $30.00 54,087 7.9 24.10 26,067 25.79
$30.15 - $35.95 15,964 6.1 34.58 11,122 35.26
$36.18 - $46.37 32,029 7.7 38.26 13,173 39.99
$47.13 - $292.07 14,836 5.2 73.72 14,817 73.71
Total 212,701 6.9 $23.67 119,060 $26.46
The weighted average fair value of options granted in the years ended December 31, 2002, 2003 and 2004 was $3.85,
$6.87, and $12.09, respectively.
Options to purchase approximately 134 million shares and 128 million shares were exercisable as of December 31, 2002
and 2003, respectively. The weighted average exercise prices per share for options exercisable as of December 31, 2002,
and 2003 were $22.80 and $24.63, respectively.
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