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Pertinent information regarding ADTRAN’s stock option plans is as follows: 

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The following table summarizes information about stock options outstanding at December 31, 2002: 

## Options Outstanding at December 31, 2002 

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The options above were issued at exercise prices which approximate fair market value at the date of grant. At December 31, 2002, 2,725,484 options were available for grant under the plans. ADTRAN applies APB Opinion No. 25 and related interpretations in accounting for our stock option plans. Had compensation cost for ADTRAN’s stock-based compensation plans been determined based on the fair value at the grant dates for awards under those plans consistent with the method prescribed in SFAS No. 123, net income and earnings per share would have been reduced to the pro forma amounts indicated below: 

## Pro Forma Net Income (Loss) & Earnings (Loss) Per Share 

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