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Table of Contents
ECHOSTAR COMMUNICATIONS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — Continued
Exercise prices for options outstanding and exercisable as of December 31, 2006 are as follows:
As of December 31, 2006, our total unrecognized compensation cost related to our non-performance based unvested stock options was
$55.2 million. This cost is based on an assumed future forfeiture rate of 8.0% per year and will be recognized over a weighted-average period
of approximately three years.
As of December 31, 2006, the grant date fair value of Restricted Share Units (performance and non-performance based) outstanding was as
follows:
F-22
Options Outstanding
Options Exercisable
Number
Weighted
Number
Outstanding
Average
Weighted-
Exercisable
Weighted
-
as of
Remaining
Average
as of
Average
December 31,
Contractual
Exercise
December 31,
Exercise
2006 *
Life
Price
2006
Price
$
2.13
-
$
6.00
5,442,269
2.00
$
5.97
578,269
$
5.71
$
6.01
-
$
20.00
938,054
2.31
13.49
334,054
12.66
$
20.01
-
$
29.00
2,261,200
7.12
27.48
1,700,800
27.69
$
29.01
-
$
31.00
9,083,210
8.29
29.85
1,105,460
30.26
$
31.01
-
$
40.00
3,805,100
7.58
33.72
1,750,300
33.85
$
40.01
-
$
79.00
1,232,000
3.27
62.87
1,100,000
62.25
$
2.13
-
$
79.00
22,761,833
6.03
25.67
6,568,883
32.85
* These amounts include 5.7 million shares and 5.3 million shares outstanding pursuant to the 1999 LTIP and 2005 LTIP, respectively.
Vesting of these options is contingent upon meeting certain long-term goals which management has determined are not probable as of
December 31, 2006.
2006
2005
Weighted-
Weighted-
Restricted
Average
Restricted
Average
Share
Grant Date
Share
Grant Date
Units *
Fair Value
Units *
Fair Value
Restricted Share Units outstanding, beginning of period
644,637
$
29.46
—
$
—
Granted
331,329
33.27
711,303
29.44
Exercised
(20,000
)
30.16
—
—
Forfeited
(100,668
)
29.83
(66,666
)
29.25
Restricted Share Units outstanding, end of period
855,298
30.88
644,637
29.46
* At December 31, 2006 and 2005, the restricted share units included 725,298 and 544,637 Restricted Performance Units outstanding
pursuant to the 2005 LTIP, respectively. Vesting of these Restricted Performance Units is contingent upon meeting certain long-term
goals which management has determined are not probable as of December 31, 2006.