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GPS » Topics » Annual burn rate has declined by approximately 50% since 2003.

This excerpt taken from the GPS DEFA14A filed Apr 26, 2006.

Annual burn rate has declined by approximately 50% since 2003.

 

  •   1.5% in 2005, 2.8% in 2004, and 3.0% in 2003.

 

  •   Number of equity awards granted in fiscal 2005 (13,064,130) decreased by approximately 45% compared to fiscal 2004 (23,757,358). These numbers are disclosed on page 55 of our 2005 Annual Report.

 

  •   We currently estimate that following approval of the proposed 2006 Plan, the total number of shares reserved for issuance will enable us to grant stock options and other awards to our employees for the next 5 annual stock option and award grant cycles.
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