Clearwire 2010 Annual Report Download - page 106

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A summary of option activity from January 1, 2008 through December 31, 2010 is presented below:
Number of
Options
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value As of
12/31/2010
(In millions)
Options outstanding — January 1, 2008 ...... —
Options acquired in purchase accounting —
November 28, 2008 ................... 19,093,614 $14.38
Granted ............................ 425,000 4.10
Forfeited ........................... (337,147) 11.64
Exercised ........................... (9,866) 3.00
Options outstanding — December 31, 2008 .... 19,171,601 $14.21 6.36
Granted ............................ 7,075,000 4.30
Forfeited ........................... (4,084,112) 15.13
Exercised ........................... (624,758) 3.51
Options outstanding — December 31, 2009 .... 21,537,731 $11.09 6.39
Granted . . ............................ 996,648 7.37
Forfeited . ............................ (3,007,895) 12.79
Exercised. ............................ (3,083,243) 4.44
Options outstanding — December 31, 2010 .... 16,443,241 $11.80 5.69 $7.7
Vested and expected to vest — December 31,
2010 . . ............................ 15,773,721 $12.01 5.59 $7.2
Exercisable outstanding — December 31,
2010 . . ............................ 11,074,772 $13.93 4.68 $3.3
The intrinsic value of options exercised during the years ended December 31, 2010, 2009 and 2008 was
$10.5 million, $2.3 million and $15,000, respectively.
101
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)