Security Ownership of Certain Beneficial Owners
Security Ownership of Certain Beneficial Owners
and Management and Related Stockholder Matters
and Management and Related Stockholder Matters
The information appearing in our 2008 Proxy Statement under the heading "Security Ownership of Certain Beneficial Owners and Management" is incorporated by reference in this section.
Equity Compensation Plan Information
Information as of December 29, 2007 regarding equity compensation plans approved and not approved by stockholders is summarized in the following table (shares in millions):
Plan Category | (A) Number of Shares to Be Issued Upon Exercise of Outstanding Options and Rights(1) |
(B) Weighted Average Exercise Price of Outstanding Options(2) |
(C) Number of Shares Remaining Available for Future Issuance Under Equity Incentive Plans (Excluding Shares Reflected in Column A) |
||||
---|---|---|---|---|---|---|---|
Equity incentive plans approved by stockholders | 262.2 | $ | 23.62 | 439.9(3) | |||
Equity incentive plans not approved by stockholders(4) | 453.4 | $ | 29.72 | — | |||
Total | 715.6(5) | $ | 27.78 | 439.9 |
The 1997 Stock Option Plan (1997 Plan) provided for the granting of stock options to employees other than officers and directors. The 1997 Plan, which was not approved by stockholders, was terminated as to future grants when the 2004 Equity Incentive Plan was approved by stockholders in May 2004. The 1997 Plan is administered by the Compensation Committee, which has the power to determine matters related to outstanding option awards under the 1997 Plan, including conditions of vesting and exercisability. Options granted under the 1997 Plan expire no later than 10 years from the grant date. Options granted before 2003 under the 1997 Plan generally vest in 5 years, and options granted under the 1997 Plan in 2003 and 2004 generally vest in increments over 4 or 5 years from the date of grant. Grants to key employees may have delayed vesting, generally beginning 6 years from the date of grant.