The following table summarizes the activity for stock options under Varex’s employee incentive plans for the Company’s employees: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands, except per share amounts and the remaining term) | Options | | Price range | | Weighted Average Exercise Price | | Weighted Average Remaining Term (in years) | | Aggregate Intrinsic Value (1) | Outstanding at September 30, 2022 | 2,902 | | | $13.61 - $37.60 | | $ | 28.97 | | | 4.5 | | $ | 1,361.4 | | Granted | 415 | | | $22.13 - $24.55 | | 22.31 | | | | | | Canceled, expired or forfeited | (442) | | $22.13 - $37.10 | | 28.92 | | | | | | Exercised | (13) | | $13.61 - $13.61 | | 13.61 | | | | | | Outstanding at September 29, 2023 | 2,862 | | $13.61 - $37.60 | | $ | 28.08 | | | 4.8 | | $ | 871.4 | | Exercisable at September 29, 2023 | 2,080 | | $13.61 - $37.60 | | $ | 29.44 | | | 3.4 | | $ | 642.6 | |
(1) The aggregate intrinsic value represents the total pre-tax intrinsic value, which is computed based on the difference between the exercise price and the closing price of Varex common stock of $18.79 as of September 29, 2023, the last trading date of the Company's respective fiscal years, and which represents the amount that would have been received by the option holders had all option holders exercised their options and sold the shares received upon exercise as of that date.
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