Annual report - About TELUS

(d) Stock Option Plans
The Company has a total of 12,189,538 options granted and 7,670,515 options outstanding under all share option plans
at December 31, 2000, as follows:
TELUS Corporation Stock Option and Compensation Plan:
TELUS Corporation has a stock option plan under which directors, officers and key employees receive options to purchase
common voting shares at a price equal to the fair market value of the shares at the date of granting. Options granted
pursuant to the plan may be exercised over specific periods not to exceed 10 years from the date granted.
Options Options Average
Year Options Granted Granted Outstanding Exercise Price
2000 3,086,631 2,896,452 $ 35.29
1999 781,430 565,265 35.72
TELUS Share Option Plan for Former Clearnet Option Holders:
Under the terms of the arrangement to acquire Clearnet, effective October 20, 2000, TELUS Corporation exchanged
the options held by former Clearnet option holders. At the date of acquisition, the fair market value of TELUS non-voting
shares was $37.00 per share. Options granted in the plan may be exercised over a specified period not to exceed
10 years from the original date granted.
Options Options Average
Year Options Granted Granted Outstanding Exercise Price
2000 2,132,509 2,127,509 $ 16.03
BC TELECOM Stock Option Plans (BCTSOP):
Under the terms of the BCTSOP introduced in 1995, BC TELECOM granted officers and key employees options in
tandem share appreciation rights and retention options at fixed exercise prices. Effective December 8, 1998, the plan
was modified to replace share appreciation rights with a stock option repurchase plan. Options granted in the plan may
be exercised over specific periods not to exceed 10 years from the date granted. Options granted prior to 1999 can be
exercised in a ratio of 75% voting and 25% non-voting for common shares in TELUS Corporation.
Options Options Average
Year Options Granted Granted Outstanding Exercise Price
1999 3,700 3,700 $ 36.78
1998 339,600 293,900 46.72
1997 435,800 324,731 31.05
1996 427,200 212,901 25.26
1995 213,300 73,900 24.20
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