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A summary o
f
opt
i
on act
i
v
i
ty
f
rom January 1, 2007 t
h
roug
h
Decem
b
er 31, 2008
i
s presente
db
e
l
ow:
N
umber o
f
Op
t
i
ons
Weighted-
A
vera
g
e
E
x
e
r
cise
Pr
i
c
e
We
ig
hted-
A
verage
R
emainin
g
C
ontractual
Te
rm
(Years)
A
ggregate
Intrin
s
i
c
Value As o
f
1
2
/
31
/
200
8
(In millions)
O
ptions outstandin
g
— Januar
y
1, 200
7
.......... —
O
pt
i
ons outstan
di
n
g
— Decem
b
er 31, 2007
....... —
Exerc
i
sa
bl
e outstan
di
ng — Decem
b
er 31, 200
7
.
....
—
O
ptions acquired in purchase accounting —
November 28
,
2008
.
.....................
.
19
,
093
,
614
$
14.3
8
Exercisable outstandin
g
— November 28, 200
8
....
13,224,722 13.44
Granted
................................
425,000 4.1
0
F
o
r
feited
...............................
(
337,147
)
11.
64
Exerc
i
se
d
..............................
(
9,8
66)
3.0
0
O
pt
i
ons outstan
di
ng — Decem
b
er 31, 200
8
.
.....
.
19
,
171
,
601
$
14.21 6.36
$
4.33
Exercisable outstandin
g
— December 31, 2008
.....
13,124,972 $13.44 6.09 $3.97
I
n
f
ormat
i
on regar
di
ng stoc
k
opt
i
ons outstan
di
ng an
d
exerc
i
sa
bl
easo
f
Decem
b
er 31, 2008
i
sas
f
o
ll
ows
:
Exerc
i
se Pr
i
ces
N
umber o
f
Op
t
i
ons
W
e
ig
hte
d
A
vera
ge
C
ontractua
l
Lif
e
Rema
i
n
i
n
g
(
Years
)
W
eighte
d
A
verage
Ex
e
r
c
i
se
Pr
ice
N
umber o
f
Op
t
i
on
s
W
ei
g
hte
d
A
verage
Ex
e
r
c
i
se
Pr
ice
Op
t
i
ons Exerc
i
sable
O
pt
i
ons
O
utstand
i
n
g
$2.25 – $3.0
0
........................
1,963,086 4.0 $ 2.91 1,963,086 $ 2.9
1
$
4.1
0
...........................
425
,
000 7.0 4.10 —
—
$
6.0
0
...........................
3
,
679
,
307 5.7 6.00 3
,
674
,
306 6.00
$
9.59 –
$
13.4
9
.......................
.
2,
158
,
032 6.0 11.43 339
,
621 12.0
5
$
13.70 –
$
16.0
2
......................
.
1,55
0
,5
04 6.7 1
5
.04 1
,
079
,
898 1
5
.0
5
$
17.11
..........................
2,
8
5
3
,
8
5
0
5
.9 17.11 1
,
1
55,
000 17.1
1
$18.0
0
..........................
1
,9
5
8,018 7.2 18.00 1,703,408 18.00
$20.16 – $24.00
.......................
2
,14
5
,6
5
2 8.2 23.23 1,422,06
5
23.3
8
$24.0
9
..........................
7,000 8.7 24.09 1,750 24.09
$
25.00 –
$
25.33
.......................
2,
431
,
152 7.6 25.00 1
,
785
,
838 25.00
T
ota
l
.
......................
1
9
,
171
,
601 6.4
$
14.21 13
,
124
,
972
$
13.44
T
h
e
f
a
i
rva
l
ue o
f
eac
h
opt
i
on
g
rant
i
s est
i
mate
d
on t
h
e
d
ate o
fg
rant us
i
n
g
t
h
eB
l
ac
k
-Sc
h
o
l
es opt
i
on pr
i
c
i
n
g
mo
d
e
l
us
i
n
g
t
h
e
f
o
ll
ow
i
n
g
assumpt
i
ons
f
or t
h
e
y
ear en
d
e
d
Decem
b
er 31, 2008:
E
xpecte
d
vo
l
at
ili
t
y
.
.....................................................
.
66
.
5
2%
Expected dividend yield
.
..................................................
—
Expected life (in
y
ears)
...................................................
4
.7
5
Ri
s
k-fr
ee
in
te
r
est
r
ate
.....................................................
1
.
93%
W
e
igh
te
d
avera
g
e
f
a
i
rva
l
ue per opt
i
on at
g
rant
d
at
e
.
............................. $
2.24
108
C
LEARWIRE
CO
RP
O
RATI
O
N AND
SU
B
S
IDIARIE
S
N
OTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)