26  acquisition of Carriage Industries, Inc. As of December 29, 2001, options for 13,756 of these shares remain outstanding. A summary of the option activity for the three years ended December 29, 2001: WEIGHTED- WEIGHTED- AVERAGE FAIR AVERAGE VALUE OF OPTIONS NUMBER EXERCISE GRANTED DURING OF SHARES PRICE THE YEAR Outstanding at December 26, 1998 1,926,498 $ 7.84 Granted at market price 128,500  8.11 $3.95 Exercised (103,147) 7.58 Forfeited (237,250) 6.93 Outstanding at December 25, 1999 1,714,601  7.92 Granted at market price 290,500  4.13 2.10 Exercised (1,019) 4.29 Forfeited (297,019) 7.59 Expired (3,057) 4.29 Outstanding at December 30, 2000 1,704,006  7.38 Cancelled (1,059,750) 8.79 Exercised – – Forfeited (72,500) 6.32 Outstanding at December 29, 2001 571,756 $ 4.85 Options exercisable at: December 25, 1999 603,914 $ 7.76 December 30, 2000 1,180,007 8.34 December 29, 2001 159,167 5.53 OPTIONS OUTSTANDING RANGE OF WEIGHTED-AVERAGE WEIGHTED-AVERAGE EXERCISE PRICES NUMBER OF SHARES REMAINING CONTRACTUAL LIFE EXERCISE PRICE $ 3.875 - $ 5.27 339,006 7.4 years $ 4.18 5.750 - 8.81 232,750 5.2 years 5.82 $ 3.875 - $ 8.81 571,756 6.5 years $ 4.85 OPTIONS EXERCISABLE RANGE OF EXERCISE PRICES NUMBER OF SHARES WEIGHTED-AVERAGE EXERCISE PRICE $ 3.875 - $ 5.27 52,985 $ 4.96 5.750 - 8.81 106,182 5.82 $ 3.875 - $ 8.81 159,167 $ 5.53 The following table summarizes information about stock options at December 29, 2001: Notes to Consolidated Financial Statements (dollars in thousands, except per share data) - continued -  THE DIXIE GROUP  / 2001 ANNUAL REPORT