AN » Topics » EQUITY COMPENSATION PLAN INFORMATION

This excerpt taken from the AN DEF 14A filed Mar 27, 2008.
EQUITY COMPENSATION PLAN INFORMATION
 
The following table provides information as of December 31, 2007 regarding equity compensation plans approved and not approved by stockholders.
 
                               
                      Number of Securities
 
                      Remaining Available
 
      Number of Securities
              for Future Issuance
 
      to be Issued Upon
      Weighted-Average
      Under Equity
 
      Exercise of Outstanding
      Exercise Price of
      Compensation Plans
 
      Options, Warrants
      Outstanding Options,
      (Excluding Securities
 
      and Rights
      Warrants and Rights
      Reflected in Column (a))
 
Plan Category     (a)       (b)       (c)  
Equity Compensation Plans Approved by Security Holders       14,235,539       $ 16.68         13,999,939 (1)
Equity Compensation Plans Not Approved by Security Holders                        
Total       14,235,539       $ 16.68         13,999,939 (1)
                               
 
(1) The AutoNation, Inc. Amended and Restated 1998 Employee Stock Option (the “1998 Plan”) expired on February 3, 2008, and no additional awards may be granted to employees under the 1998 Plan or any other equity compensation plan of AutoNation (other than the recently adopted AutoNation, Inc. 2008 Employee Equity and Incentive Plan (the “2008 Plan”), which was adopted and approved by our Board on March 14, 2008, subject to stockholder approval). At March 14, 2008, a total of 1,703,232 shares remained available for issuance under equity compensation plans of AutoNation (other than the 2008 Plan), all of which were available for issuance under the AutoNation, Inc. 2007 Non-Employee Director Stock Option Plan. If our stockholders do not approve the 2008 Plan by March 14, 2009, any awards granted under the 2008 Plan will be null and void. Please refer to “Proposal 3: Approval of AutoNation, Inc. 2008 Employee Equity and Incentive Plan” for additional information regarding the 2008 Plan.


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EQUITY COMPENSATION PLAN INFORMATION
 
The following table provides certain information, as of December 31, 2006, relating to the equity compensation plans under which options to acquire our common stock may be granted from time to time.
 
                         
                Number of Securities
 
                Remaining Available for
 
    Number of Securities to be
    Weighted-Average Exercise
    Future Issuance Under
 
    Issued Upon Exercise of
    Price of Outstanding
    Equity Compensation Plans
 
    Outstanding Options,
    Options, Warrants and
    (Excluding Securities
 
    Warrants and Rights
    Rights
    Reflected in Column (a))
 
Plan Category
  (a)     (b)     (c)  
 
Equity Compensation Plans Approved by Security Holders
    22,569,038     $ 17.02       14,163,758  
Equity Compensation Plans Not Approved by Security Holders
    0       0       0  
Total*
    22,569,038     $ 17.02       14,163,758  
 
 
Does not include options to purchase an aggregate of 24,432 shares, at a weighted-average exercise price of $14.68, granted under plans assumed in connection with acquisition transactions. We have not made, and will not make in the future, any grants of options under these plans assumed in connection with acquisition transactions.


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EQUITY COMPENSATION PLAN INFORMATION

      The following table provides certain information, as of December 31, 2004, relating to the equity compensation plans under which options to acquire our common stock may be granted from time to time.

                         
Number of Securities
Remaining Available for
Number of Securities to be Weighted-Average Future Issuance Under
Issued Upon Exercise of Exercise Price of Equity Compensation Plans
Outstanding Options, Outstanding Options, (Excluding Securities
Warrants and Rights Warrants and Rights Reflected in Column(a))
Plan Category (a) (b) (c)




Equity Compensation Plans Approved by Security Holders
    35,955,748     $ 14.68       18,483,593  
Equity Compensation Plans Not Approved by Security Holders
    0       0       0  
Total*
    35,955,748     $ 14.68       18,483,593  


Does not include options to purchase an aggregate of 24,432 shares, at a weighted-average exercise price of $4.42, granted under plans assumed in connection with acquisition transactions. We have not made, and will not make in the future, any grants of options under these plans assumed in connection with acquisition transactions.

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