Vision - Alibaba

25 SHARE-BASED COMPENSATION (Continued)
(a) Equity Award Plans operated by ultimate holding company
Notes to the Financial Statements
Share options granted under the Equity Award Plans
Movements in the number of share options outstanding and their related weighted average exercise
prices attributable to the directors and employees of the Group as grantees of the Equity Award Plans
of the ultimate holding company were as follows:
Weighted
average
exercise
price (i)
2007 2006
Number of
options (ii)
Weighted
average
exercise
price (i)
Number of
options (ii)
US$ (’000) US$ (’000)
Outstanding as of January 1 0.5568 101,509 0.2794 78,275
Granted 2.1295 14,102 1.4381 25,339
Transfer-in (iii) 0.4742 3,875 0.2939 8,894
Exercised 0.3297 (50,650) 0.1755 (1,375)
Transfer-out (iii) 0.4148 (13,110) 0.3057 (7,094)
Cancelled/forfeited/expired 1.4995 (4,160) 0.7877 (2,530)
Outstanding as of December 31 1.1638 51,566 0.5568 101,509
Exercisable as of December 31 0.6531 19,129 0.2322 49,702
(i) Exercise price is expressed in the currency in which the shares of the ultimate holding company are denominated.
(ii) Number of options represents the aggregate number of shares of the ultimate holding company and number of shares
of the Company, pursuant to the terms of the Employee Equity Exchange as described below, into which the options are
exercisable.
(iii) Transfer-in and transfer-out represent movement of share options owned by grantees who transferred from other subsidiaries
of the ultimate holding company to the Company, or vice versa.
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