Table of Contents
INFOSPACE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years Ended December 31, 2001, 2000 and 1999
Additional information regarding options outstanding as of December 31, 2001, is as follows:
Options Outstanding
Options Exercisable
Weighted
Average
Weighted
Weighted
Remaining
Average
Average
Number
Contractual
Exercise
Number
Exercise
Range of Exercise Prices
Outstanding
Life (yrs.)
Price
Exercisable
Price
$ 0.00 1.00
5,038,128
2.34
$0.06
1,199,871
$0.19
$ 1.10 2.03
3,183,534
8.19
1.50
964,791
1.73
$ 2.03 3.03
2,675,863
8.53
2.41
787,788
2.61
$ 3.12 3.66
30,653,232
9.05
3.65
6,932,863
3.65
$ 3.80 9.69
4,382,624
7.77
6.40
1,838,465
6.34
$ 9.86 18.81
4,202,855
7.82
12.19
2,035,561
12.25
$19.78 31.86
5,811,754
5.37
25.32
2,536,587
25.17
$31.93 45.44
5,937,392
6.73
39.85
2,633,031
39.87
$45.46 70.06
2,210,239
6.50
53.30
1,075,989
52.78
$86.50 126.75
750,291
8.22
95.29
381,811
96.02
64,845,912
7.66
$11.96
20,386,757
$16.09
Consultant Warrants
: In connection with the May and August 1998 private placements, the Company issued warrants to purchase
16,510,688 shares of common stock to five third party participants for consulting services performed in identifying, structuring and negotiating
future financings. These warrants can be exercised at any time until their expirations which are between May 21, 2008 and August 6, 2008. The
activity and additional information are as follows:
Outstanding, January 1, 1999
16,510,688
Exercised
(1,870,872 )
Outstanding, December 31, 1999
14,639,816
Exercised
(723,352 )
Outstanding, December 31, 2000
13,916,464
Exercised
Outstanding, December 31, 2001
13,916,464
Number
Range of Exercise Prices
Outstanding
$0.25 0.50
7,460,904
$0.625 0.75
3,247,176
$1.25
3,208,384
AOL Warrants
: On August 24, 1998, the Company entered into agreements with America Online, Inc. (AOL) to provide white pages
directory and classifieds information services to AOL. Pursuant to the white pages directory services agreement, the Company has agreed to
provide to AOL white pages listings and directory service. In connection with the agreements, the Company issued to AOL warrants to
purchase up to 7,919,328 shares of common stock, which warrants vest in 16 equal quarterly installments over four years, conditioned on the
delivery by AOL of a minimum number of searches each quarter on the Company's white
74
<
New Page 1
Interland Web Hosting