Best Buy 2001 Annual Report Download - page 49

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50
$ in thousands, except per share amounts
Exercisable options at the end of fiscal 2001, 2000 and 1999 were 6.3 million, 4.6 million and 5.0 million, respectively. The following
table summarizes information concerning options outstanding and exercisable as of M arch 3, 2001:
Weighted
Average Weighted Weighted
Range of Remaining Average Average
Ex ercise Number Contractual Ex ercise Number Exercise
Prices Outstanding Life (Years) Price Exercisable Price
$ 0 to $10 4,784 ,000 4.2 0 $ 2.92 3,4 63,000 $ 2.86
$10 to $20 5,128 ,000 7.1 4 17.18 1,773,000 17.15
$20 to $30 74,000 7.59 23.98 24,000 24.40
$30 to $40 34,000 7.92 31.98 16,000 31.90
$40 to $50 240,000 7.32 47.25 1 04,000 47.24
$50 to $60 2,598 ,000 8.0 1 52.41 794,000 52 .81
$60 to $70 153,000 9.39 66.59 4,000 65.38
$70 to $80 4,566 ,000 9.0 8 70.21 81,000 73.51
$80 to $90 2,000 9.09 82.64 — —
$ 0 to $90 17,579,000 7.00 $33.19 6,259,000 $15.09
Restricted Stock Plan
The Company adopted a restricted stock award plan in fiscal 2001. The plan authorizes the Company to issue up to 1.0 million shares
of the Company’s common stock to eligible employees of the Company and its subsidiaries, as well as to the Board of Directors,
consultants and independent contractors of the Company and its subsidiaries. Restricted shares have the same rights as other shares
of common stock, except they are not transferable until fully vested. Restrictions lapse over a vesting period of three years in which
25% is vested at the time of award and 25% on each anniversary date thereafter. All shares still subject to restrictions are generally
forfeited and returned to the plan if the plan participant’s relationship with the Company is terminated. The number of shares granted
under this plan was not significant during fiscal 2001.
Best Buy Co., Inc.N otes