Notes to the Financial Statements (continued)  30. Employee Benefits (continued)  Employee Option Incentive Scheme for Rebel (continued)  The following table summarises information about options exercised by employees and directors of Rebel under the  Employee Option Incentive Scheme during the year ended 30 June 2002:  Grant Date  Exercise  Date  Number of  Options  Average  Exercise  Price  Proceeds  from Shares  Issued $  Number of  Shares  Issued  Issue Date  Average  Fair Value of  Shares Issued  Employees  Various Various 974,000 $0.99 968,000 1,122,160 Various $1.65 Directors  H. Seskin  3/08/2001  24/04/2002  400,000  $0.20  80,000  400,000  24/04/2002  $2.30  3/08/2001 24/04/2002 400,000 $0.01 4,000 400,000 24/04/2002 $2.30 I. Dresner  3/08/2001  24/04/2002  400,000  $0.20  80,000  400,000  24/04/2002  $2.30  3/08/2001 24/04/2002 400,000 $0.01 4,000 400,000 24/04/2002 $2.30 2,574,000  1,136,000  2,722,160  The fair value of shares issued is estimated to be the market price of shares of Rebel as at close of trading on their  respective issue dates. At balance date, the following options over unissued ordinary shares were outstanding and vested (or able to be  exercised) by employees and directors under the Employee Option Incentive Scheme for Rebel Sports Limited:  Grant Date  Expiry Date  Exercise  Price  Number of Options  Outstanding  Number of Options  Vested  2003  2002  2003  2002  02/03/1999  03/07/2000  03/08/2001*  03/08/2001*  10/10/2002*  10/10/2002*  04/04/2003*  02/03/2004  03/07/2005  03/08/2006  03/08/2006  30/09/2007  30/09/2007  04/04/2008  $0.82  $0.82  $0.67  $0.38  $0.83  $1.75  $2.22  500,000  157,000  800,000  -  3,000,000  400,000  500,000  808,000  185,000  1,600,000  800,000  -  -  -  332,000  58,000  800,000  -  -  -  -  330,000  45,000  1,600,000  800,000  -  -  -  5,357,000  3,393,000  1,190,000  2,775,000  *Options issued to individuals who are or have been directors of Rebel Sports Limited.  At the Annual General Meeting of Rebel held on 8 August 1995, an Employee Share Plan (“Plan”) was approved by  shareholders. Under the terms of the Plan, the directors of Rebel may propose in each financial year to issue ordinary  shares to eligible employees, up to 500 ordinary shares per employee. All permanent employees of Rebel, excluding  directors, with longer than one year service with the consolidated entity are classified as eligible employees under the  Plan.  There were no ordinary shares issued pursuant to the Plan in the current or previous financial periods.  Employee Share Plan  55  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003