The following table summarizes information about fixed stock options for all employees at December 29, 2002:
Number
Weighted-
Weighted-
Number
Weighted-
Weighted-
Outstanding at
Average
Average
Exercisable at
Average
Average
December 29,
Exercise
Remaining
December 29,
Exercise
Remaining
Range of Exercise Prices EUR
2002
Price
Contractual life
2002
Price
Contractual life
5.96-9.09
747,116
7.90
2.16
747,116
7.90
2.16
15.18-22.17
1,074,568
18.86
4.35
1,074,568
18.86
4.35
25.38-29.39
4,844,783
29.16
2.94
278,757
26.45
2.12
30.26-42.96
20,519,352
32.76
4.23
3,422,724
30.26
1.01
27,185,819
5,523,165
Had compensation cost for the Plans been determined consistent with the fair value method, using the Black-Scholes
option pricing model and the following assumptions summarized below, the Company's pro forma net income (loss) and
pro forma net income (loss) per share for 2002, 2001 and 2000, would have been as follows:
Fiscal 2002
Fiscal 2001
Fiscal 2000
Net income (loss) after preferred dividends:
As reported
Pro forma
(1,246)
(1,288)
712
903
Income (loss) after preferred dividends per common share-basic:
As reported
Pro forma
(1.34)
(1.39)
0.83
0.78
1.22
1.18
Income (loss) after preferred dividends per common share-diluted:
As reported
Pro forma
(1.34)
(1.39)
0.82
0.77
1.19
1.14
Weighted Average Assumptions
Fiscal 2002
Fiscal 2001
Fiscal 2000
Expected life of the option (years):
Five-year Options
Ten-year Options
4.0
7.5
4.0
7.5
4.0
7.5
Interest rate
Volatility
Assumed forfeitures
Dividend yield
4.0%
31.0%
4.0%
2.0%
5.5%
32.5%
5.0%
2.0%
6.0%
45.0%
6.0%
2.0%
The weighted average fair value of stock options granted during 2002, 2001 and 2000 was EUR 8.94, EUR 10.55 and
EUR 13.38 per option, respectively.
During fiscal 2002, Ahold announced a plan to grant a total of six million Ahold common shares to approximately 1,500
employees including officers and board members should Ahold's Total Shareholder Return (as defined) outperform the
Total Shareholder Return of a defined peer group by 33% during the three-year period fiscal 2003-2005. A maximum of
nine million common shares can be granted by year-end 2005 should Ahold outperform the peer group by 50%.
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