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AMZN Call Options

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Source: http://biz.yahoo.com

Amazon.com Call Options

Current Date: Thursday, November 9 2000



Stock Price (S) Call Price (C) Strike Price (X) Maturity Date

31.25 24.5 10.00 Fri 15-Dec-00

31.25 22.125 12.50 Fri 15-Dec-00

31.25 19.75 15.00 Fri 15-Dec-00

31.25 17.25 17.50 Fri 15-Dec-00

31.25 14.875 20.00 Fri 15-Dec-00

31.25 12.875 22.50 Fri 15-Dec-00

31.25 8.125 25.00 Fri 15-Dec-00

31.25 8.75 27.50 Fri 15-Dec-00

31.25 5.250 30.00 Fri 15-Dec-00

31.25 4.375 32.50 Fri 15-Dec-00

31.25 3 35.00 Fri 15-Dec-00

31.25 2.8125 37.50 Fri 15-Dec-00

31.25 1.625 40.00 Fri 15-Dec-00

31.25 1.3125 42.50 Fri 15-Dec-00

31.25 0.9375 45.00 Fri 15-Dec-00

31.25 0.5 47.50 Fri 15-Dec-00

31.25 0.3125 50.00 Fri 15-Dec-00

31.25 0.1875 55.00 Fri 15-Dec-00

31.25 0.25 60.00 Fri 15-Dec-00

31.25 0.1875 65.00 Fri 15-Dec-00

31.25 0.1875 70.00 Fri 15-Dec-00

31.25 0.0625 75.00 Fri 15-Dec-00

Treasury Rates (as of November 9, 2000)

Bills Coupon(%) Mat Date Current Price Yield(%)

3 month 2/8/2001 6.20 6.38

6 month 5/10/2001 6.09 6.37

1 year 8/30/2001 5.88 6.19



Notes/Bonds

2 year 5.75 10/31/2002 99-21 5.94

5 year 5.75 11/15/2005 99-29 5.77

10 year 5.75 8/15/2010 99-17 5.81

30 year 6.25 5/15/2030 105-12 5.86



Source: http://www.bloomberg.com

Week of Price

11/8/1999 74.9375

11/15/1999 77.9375

11/22/1999 93.125

11/29/1999 86.5625

12/6/1999 106.688

12/13/1999 94.0625

12/20/1999 90

12/27/1999 76.125

1/3/2000 69.5625

1/10/2000 64.25

1/17/2000 62.0625

1/24/2000 61.6875

1/31/2000 78.5625

2/7/2000 76.1875

2/14/2000 64.75

2/21/2000 69.125

2/28/2000 62.5

3/6/2000 66.875

3/13/2000 64.8125

3/20/2000 72.6875

3/27/2000 67

4/3/2000 67.5625

4/10/2000 46.875

4/17/2000 52.375

4/24/2000 55.1875

5/1/2000 58.5

5/8/2000 53.75

5/15/2000 52.625

5/22/2000 46.5

5/29/2000 57.875

6/5/2000 52.1875

6/12/2000 46

6/19/2000 33.875

6/26/2000 36.3125

7/3/2000 36.125

7/10/2000 42.625

7/17/2000 41.125

7/24/2000 30

7/31/2000 32.5

8/7/2000 33.6875

8/14/2000 39

8/21/2000 39.9375

8/28/2000 41.5

9/4/2000 42.9375

9/11/2000 43.625

9/18/2000 41.4375

9/25/2000 38.4375

10/2/2000 31.5625

10/9/2000 28.4375

10/16/2000 30.8125

10/23/2000 36.875

10/30/2000 37.5625

11/6/2000 30.0625

Source: 1999 Proxy Statement of Amazon



The following table sets forth information concerning the grant of stock options during 1999 to the named

executive officers.



Number of Percent of Total

Securities Underlying Options Granted to Exercise Expiration

Name Options Granted Employees in Fiscal Yr. Price Date

Jeffrey P. Bezos

Richard L. Dalzell 500000 1.6% 71.28125 3/26/2009

Joseph Galli Jr. 3920000 12.5% 57.95325 9/24/2019

Warren C. Jenson 2000000 6.4% 63.25 12/7/2019

Jeffrey A. Wilke 1000000 3.2% 63.25 12/7/2014

Valuing Options or Warrants

Current stock price 45

Strike price on the option 50.00

Expiration of the option (in years/years remaining) 1

Standard deviation in stock prices (annual volatility using ln(price)) 0.251158644

Treasury bond rate (yearly/annualized) 0.08





d1 = 0.024605231

N (d1) = 0.5098151



d2 = -0.226553413

N (d2) = 0.41039



Value of Call Option 4.00



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