2,067,643 shares of AIG common stock upon exercise of 14.
Stock Compensation Plans options expiring during 2006.
In addition, nonemployee Continued directors of AIG made valid elections to defer delivery of At January 1, 1999, the date of the AIG/SAI merger, SAI 21,093 shares of AIG common stock upon exercise of options had five stock-based compensation plans pursuant to which expiring during 2006.  options, restricted stock, and deferred share and share unit As a result of the acquisition of the Hartford Steam Boiler obligations had been issued and remained outstanding.
Options Inspection and Insurance Company (HSB) in November 2000, granted under these plans had an exercise price equal to the HSB options outstanding at the acquisition date were fully market price on the date of grant, had a maximum term of ten vested and were converted into options to purchase AIG years, and generally became exercisable ratably over a five-year common stock at the exchange ratio of 0.4178 shares of AIG period.
Substantially all of the SAI options outstanding at the common stock for each share of HSB common stock.
No merger date became fully vested on that date and were further options can be granted under the HSB option plans, converted into options to purchase AIG common stock at the but outstanding options so converted continue in force until exchange ratio of 0.855 shares of AIG common stock for each exercise or expiration.
At December 31, 2005, there were share of SAI common stock.
No further options can be granted 688,648 shares of AIG common stock reserved for issuance under the SAI plans, but outstanding options so converted under the HSB option plans, none of which qualified for ISO continue in force until exercise or expiration.
At December 31, Treatment.2005, there were 11,526,992 shares of AIG common stock At August 29, 2001, AGC had stock-based compensation reserved for issuance on exercise of options under these plans.
plans pursuant to which options and restricted share units had None of these options qualified for ISO Treatment as of been issued and remained outstanding.
Options granted under December 31, 2005.  these plans had an exercise price equal to the market price on During 2005, 2004 and 2003, deferred share and share unit the date of the grant, had a maximum term of ten years, and obligations with respect to 1,895 shares, 1,895 shares and generally became exercisable ratably over a three-year period.1,895 shares, respectively, of AIG common stock vested and All of the AGC options outstanding at the acquisition date were issued.
No additional deferred share or share unit became fully vested on that date and were converted into obligations may be granted under the SAI plans.
As of options to purchase AIG common stock at an exchange ratio December 31, 2005, deferred share and share unit obligations of 0.5790 shares of AIG common stock for each share of AGC with respect to 59,972 shares remained outstanding under the common stock.
No further options can be granted under the SAI plans.
AGC plans, but outstanding options so converted continue in The AIG Board of Directors has construed the AIG stock force until exercise or expiration.
At December 31, 2005, there option plans to allow, at the request of an optionee, the were 10,805,219 shares of AIG common stock reserved for deferral of delivery of AIG shares otherwise deliverable upon issuance on exercise of options under these plans.
Options with the exercise of an option to a date or dates specified by the respect to 1,250,221 of these shares qualified for ISO Treat- optionee.
During 2005, options with respect to 1,731,471 ment as of December 31, 2005.  shares were exercised with delivery deferred.
At December 31, 2005, optionees had made valid elections to defer delivery of Additional information with respect to AIG’s plans at December 31, 2005, and changes for the three years then ended, were as follows:
## Table 0 ##
Notes to Consolidated Financial Statements Continued 20.
Derivatives Continued options, AIGFP generally receives an option premium and then manages the risk of any unfavorable change in the value of the underlying commodity, currency or index by entering into offsetting transactions with third-party market participants.
Risks arise as a result of movements in current market prices from contracted prices, and the potential inability of the counterparties to meet their obligations under the contracts.
At December 31,2005, the contractual amount of Capital Markets futures, forward and option contracts approximated $321.1billion.
The following table presents Capital Markets futures, forward and option contracts portfolio by maturity and type of derivative at December 31, 2005 and 2004:
## Table 1 ##
AIGFP enters into credit derivative transactions in the ordinary course of its business.
The majority of AIGFP's credit derivatives require AIGFP to provide credit protection on a designated portfolio of loans or debt securities.
AIGFP provides such credit protection on a "second loss"basis, under which AIGFP's payment obligations arise only after credit losses in the designated portfolio exceed a specifed threshold amount or level of "first losses.
"The threshold amount of credit losses that must be realized before AlGFP has any payment obliga- tion is negotiated by AlGFP for each transaction to provide that the likelihood of any payment obligation by AlGFP under each transaction is remote, even in severe recessionary market scenarios.
In certain cases, the credit risk associated with a designatedportfolio is tranched into different layers of risk, which are then analyzed and rated by the credit rating agencies.
Typically, there will be an equity layer covering the frst credit losses in respect of the portfolio up to a specified percentage of the total portfolio, and then successive layers that are rated, generally a BBB-rated layer, an A-rated layer, an AA-rated layer, and an AAA-rated layer.
In transactions that are rated, the risk layer or tranche that is immediately junior to the threshold level above which AIGFP's payment obligation would generally arise is rated AA.
A by the rating agencies.
In transactions that are not rated, AIGFP applies the same risk criteria for setting the threshold level for its payment obligations.
Therefore the risk layer assumed by AIGFP with respect to the designated portfolio in these transactions is often called the "super senior"risk layer, defined as the layer of credit risk senior to a risk layer that has been rated AAA by the credit rating agencies or if the transaction is not rated, equivalent thereto.
For example, in a transaction with an equity layer covering credit losses from zero to two percent of the total portfolio,a BBB-rated layer covering credit losses from two to four percent, an A-rated layer from four to six percent, an AA-rated layer from six to eight percent, and a AAA-rated layer from eight to 1l percent.
AIGFP would cover credit losses arising in respect of the portfolio that exceeded an 11percent first loss threshold amount and thereby bear risk that is senior to the AA A-rated risk layer.
AIGFP continually monitors the underlying portfolios to determine whether the credit loss experience for any particular portfolio has caused the likelihood of AIGFP having a payment obligation under the transaction to be greater than super senior risk.
AIGFP maintains the ability opportunistically to economically hedge specific securities in a portfolio and thereby further limit its exposure to loss and has hedgedoutstanding transactions in this manner on occasion.
AIGFP has never had a payment obligation under these credit derivatives transactions where AIGFP is providing creditprotection on the super senior risk.
Furthermore, based on portfolio credit losses experienced as of December 31,2005under all such outstanding transactions, no transaction has experienced credit losses in an amount that has made the likelihood of AIGFP having to make a payment, in AIGFP's view, to be greater than remote, even in severe recessionary market scenarios.
At December 31,2005, the notional amount with respect to the Capital Markets credit derivative portfolio (including the super senior transactions) was $387.2 billion.
AIGFP utilizes various credit enhancements, including letters of credit, guarantees, collateral, credit triggers, credit derivatives, and margin agreements to reduce the credit exposure relating to derivative financial instruments.
AIGFP requires credit enhancements in connection with specific transactions based on, among other things, the creditworthiness of the counterparties, and the transaction's size and maturity.
In addition, Capital Markets derivative transactions are gener- ally documented under ISDA Master Agreements.
Management believes that such agreements provide for legally enforceable set-off and close-out netting of exposures to specific counterparties.
Under such agreements, in connection with an early termination of a transaction, AIGFP is permitted to set- off its receivables from a counterparty against its payables tothe same counterparty arising out of all included transactions.
As a result, the fair value represents the net sum of estimated positive fair values after the application of such strategies and
under this line are primarily used by our European subsidiaries to settle intercompany sales and are denominated in the respective local currencies of its European subsidiaries.
The line of credit may be canceled by the bank with 30 days notice.
At September 27, 2003, there were no outstanding borrowings under this line.
In September 2001 we obtained a secured loan from Wells Fargo Foothill, Inc.
The loan agreement with Wells Fargo Foothill, Inc.  provides for a term loan of approximately $2.4 million, which we borrowed at signing, and a revolving line of credit facility.
The maximum amount we can borrow under the loan agreement and amendments is $20.0 million.
The loan agreement and amendments contain financial and other covenants and the actual amount which we can borrow under the line of credit at any time is based upon a formula tied to the amount of our qualifying accounts receivable.
In July 2003 we amended this loan agreement primarily to simplify financial covenants and to reduce the fees related to this facility.
The term loan accrues interest at prime plus 1.0% for five years.
The line of credit advances accrue interest at prime plus 0.25%.
The line of credit expires in September 2005.
We were in compliance with all covenants as of September 27, 2003.
In April 2002, we began an implementation project for an integrated enterprise wide software application.
We began operational use of this software application at the Bedford, MA and Newark, DE facilities on November 24, 2002, at the Danbury, CT facility on February 24, 2003 and at the Brussels, Belgium location on October 2, 2003.
Through September 27, 2003 we have made payments totaling $3.4 million for hardware, software and consulting services representing substantially all of our capital commitments related to this implementation project.
Most of the cost has been capitalized and we began to amortize these costs over their expected useful lives in December 2002.
In September 2002, we completed a sale/leaseback transaction for our headquarters and manufacturing facility located in Bedford, Massachusetts and our LORAD manufacturing facility in Danbury, Connecticut.
The transaction resulted in net proceeds to us of $31.4 million.
The new lease for these facilities, including the associated land, has a term of 20 years, with four five-year year renewal terms, which we may exercise at our option.
The basic rent for the facilities is $3.2 million per year, which is subject to adjustment for increases in the consumer price index.
The aggregate total minimum lease payments during the initial 20-year term are $62.9 million.
In addition, we are required to maintain the facilities during the term of the lease and to pay all taxes, insurance, utilities and other costs associated with those facilities.
Under the lease, we make customary representations and warranties and agree to certain financial covenants and indemnities.
In the event we default on the lease, the landlord may terminate the lease, accelerate payments and collect liquidated damages.
The following table summarizes our contractual obligations and commitments as of September 27, 2003:
## Table 2 ##
Except as set forth above, we do not have any other significant capital commitments.
We are working on several projects, with an emphasis on direct radiography plates.
We believe that we have sufficient funds in order to fund our expected operations over the next twelve months.
Recent Accounting Pronouncements In December 2002, SFAS No.148, Accounting for Stock-Based Compensation – Transition and Disclosure was issued.
SFAS No.148 amends SFAS No.123 to provide alternative methods of transition to the fair value method of accounting for stock-based employee compensation.
In addition, SFAS No.148 amends the disclosure provisions of SFAS No.123 to require disclosure in the summary of significant accounting policies of the effects

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2"> 2005</td><td colspan="2">2004</td><td colspan="2">2003</td></tr><tr><td></td><td>Shares</td><td>Weighted Average Exercise Price</td><td>Shares</td><td>Weighted Average Exercise Price</td><td>Shares</td><td>Weighted Average Exercise Price</td></tr><tr><td>Shares Under Option:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Outstanding at beginning of year</td><td>54,463,003</td><td>$51.94</td><td>59,253,166</td><td>$48.00</td><td>54,214,016</td><td>$45.63</td></tr><tr><td>Granted</td><td>4,397,500</td><td>62.69</td><td>3,474,100</td><td>64.65</td><td>8,602,909</td><td>56.15</td></tr><tr><td>Exercised</td><td>-2,263,377</td><td>27.22</td><td>-3,387,734</td><td>34.02</td><td>-2,182,680</td><td>22.69</td></tr><tr><td>Exercised, delivery deferred</td><td>-1,731,471</td><td>11.29</td><td>-3,397,999</td><td>5.98</td><td>-495,787</td><td>8.46</td></tr><tr><td>Forfeited</td><td>-2,320,230</td><td>60.97</td><td>-1,478,530</td><td>70.69</td><td>-885,292</td><td>66.37</td></tr><tr><td>Outstanding at end of year</td><td>52,545,425</td><td>$54.84</td><td>54,463,003</td><td>$51.94</td><td>59,253,166</td><td>$48.00</td></tr><tr><td>Options exercisable at year-end</td><td>39,952,281</td><td>$52.47</td><td>40,211,710</td><td>$47.80</td><td>43,397,566</td><td>$42.17</td></tr><tr><td>Weighted average fair value per share of options granted</td><td></td><td>$21.84</td><td></td><td>$25.61</td><td></td><td>$20.86</td></tr></table>
<table><tr><td></td><td colspan="4">Remaining Life</td><td colspan="2"></td></tr><tr><td><i>(in millions)</i></td><td>One Year</td><td>Two Through Five Years</td><td>Six Through Ten Years</td><td>After Ten Years</td><td> Total  2005</td><td>Total 2004</td></tr><tr><td>Futures, forward and options contracts:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Exchange traded futures and options contracts contractual amount</td><td>$19,182</td><td>$4,768</td><td>$1,287</td><td>$61</td><td>$25,298</td><td>$27,456</td></tr><tr><td>Over the counter forward contracts contractual amount</td><td>287,894</td><td>7,017</td><td>867</td><td>–</td><td>295,778</td><td>277,935</td></tr><tr><td>Total</td><td>$307,076</td><td>$11,785</td><td>$2,154</td><td>$61</td><td>$321,076</td><td>$305,391</td></tr></table>
<table><tr><td></td><td>Payments Due by Period   (in thousands)</td></tr><tr><td>Contractual Obligations</td><td>Total</td><td>Less than 1 year</td><td>2-3 years</td><td>4-5 years</td><td>Thereafter</td></tr><tr><td>Long Term Debt</td><td>$2,030</td><td>$480</td><td>$1,550</td><td>$—</td><td>$—</td></tr><tr><td>Operating Leases</td><td>$62,934</td><td>$4,371</td><td>$8,160</td><td>$6,482</td><td>$43,921</td></tr><tr><td>Total Contractual Cash Obligations</td><td>$64,964</td><td>$4,851</td><td>$9,710</td><td>$6,482</td><td>$43,921</td></tr></table>

Question: What will granted for Shares reach in 2006 if it continues to grow at its current rate?
Answer: 5.56634e+06
Reasoning program: subtract(4397500,3474100), divide(#0,3474100), add(const_1,#1), multiply(4397500,#2)