pre_text: packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2002 2 . summary of significant accounting policies ( continued ) stock-based compensation pca entered into management equity agreements in june 1999 with 125 of its management-level employees . these agreements provide for the grant of options to purchase up to an aggregate of 6576460 shares of pca 2019s common stock at $ 4.55 per share , the same price per share at which pca holdings llc purchased common stock in the transactions . the agreement called for these options to vest ratably over a five-year period , or upon completion of an initial public offering , full vesting with contractual restrictions on transfer for a period of up to 18 months following completion of the offering . the options vested with the initial public offering in january 2000 , and the restriction period ended august , 2001 . in october 1999 , the company adopted a long-term equity incentive plan , which provides for grants of stock options , stock appreciation rights ( sars ) , restricted stock and performance awards to directors , officers and employees of pca , as well as others who engage in services for pca . option awards granted to officers and employees vest ratably over a four-year period , whereas option awards granted to directors vest immediately . under the plan , which will terminate on june 1 , 2009 , up to 4400000 shares of common stock is available for issuance under the long-term equity incentive plan . a summary of the company 2019s stock option activity , and related information for the years ended december 31 , 2002 , 2001 and 2000 follows : options weighted-average exercise price .
post_text: clean proof : for cycle 12 .
table: Options Weighted-Average Exercise Price
table: Balance, January 1, 2000 6,569,200 $4.55
table: Granted 1,059,700 11.92
table: Exercised (398,138) 4.55
table: Forfeited (26,560) 6.88
table: Balance, December 31, 2000 7,204,202 $5.62
table: Granted 953,350 15.45
table: Exercised (1,662,475) 4.59
table: Forfeited (16,634) 11.18
table: Balance, December 31, 2001 6,478,443 $7.31
table: Granted 871,000 19.55
table: Exercised (811,791) 5.52
table: Forfeited (63,550) 15.44
table: Balance, December 31, 2002 6,474,102 $9.10
question: Analyse this data from a financial earnings document. what is the total value of the balance of options as of december 31 , 2002 , in millions?