 |
| $ in millions, except
per share amounts |
| Option activity for the last three fiscal years was as follows: |
| Shares | Weighted Average Exercise Price per Share | ||
| Outstanding on Feb. 26, 2000 | 25,569,000 | $ 11.26 | |
| Granted | 8,070,000 | 45.53 | |
| Assumed(1) | 461,000 | 37.21 | |
| Exercised | (5,720,000) | 6.11 | |
| Canceled | (2,012,000) | 26.94 | |
| Outstanding on March 3, 2001 | 26,368,000 | 22.13 | |
| Granted | 9,382,000 | 37.01 | |
| Exercised | (6,846,000) | 6.88 | |
| Canceled | (1,417,000) | 35.98 | |
| Outstanding on March 2, 2002 | 27,487,000 | 30.29 | |
| Granted | 14,253,000 | 44.06 | |
| Exercised | (2,850,000) | 14.01 | |
| Canceled | (3,336,000) | 43.65 | |
| Outstanding on March 1, 2003 | 35,554,000 | $ 35.89 | |
| (1)Represents Musicland
options converted into Best Buy Co., Inc. options in connection with the
acquisition of Musicland. |
| Exercisable options at the end of fiscal 2003, 2002 and 2001 were 13.4 million, 9.9 million and 9.4 million, respectively. The following table summarizes information concerning options outstanding and exercisable as of March 1, 2003: |
Range of Exercise Prices |
Number Outstanding |
Weighted Average Remaining Contractual Life (Years) | Weighted Average Exercise Price |
Number Exercisable |
Weighted Average Exercise Price |
| $0 to $10 | 2,154,000 | 4.40 | $ 2.08 | 2,021,000 | $ 2.22 |
| $10 to $20 | 4,061,000 | 5.20 | 11.62 | 4,031,000 | 11.58 |
| $20 to $30 | 4,633,000 | 9.75 | 28.40 | 138,000 | 25.69 |
| $30 to $40 | 9,723,000 | 7.54 | 36.31 | 4,017,000 | 35.74 |
| $40 to $50 | 6,191,000 | 7.25 | 46.65 | 3,042,000 | 46.66 |
| $50 to $60 | 8,792,000 | 9.08 | 51.28 | 143,000 | 51.75 |
| $0 to $60 | 35,554,000 | 7.70 | $35.89 | 13,392,000 | $25.96 |
| back to top |