Rosetta Stone 2009 Annual Report Download - page 101

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Table of Contents
ROSETTA STONE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
10. STOCK-BASED COMPENSATION (Continued)
The following tables summarize the status of options outstanding under the Company's stock option plan as of December 31, 2009:
Outstanding Exercisable
Range of Exercise Prices
Number
Outstanding as of
12/31/09
Weighted Average
Remaining
Contractual Life (in
years)
Weighted
Average Exercise
Price Number Exercisable
as of 12/31/09
Weighted
Average Exercise
Price
$3.85 - $3.85 909,725 6.50 $ 3.85 762,478 $ 3.85
$6.08 - $10.36 323,040 7.47 7.33 192,345 6.99
$11.19 - $17.49 298,591 8.46 13.76 102,329 12.83
$18.00 - $18.00 426,640 9.24 18.00 15,187 18.00
$18.05 - $20.35 3,233 9.75 19.45 498 20.35
$22.30 - $22.30 15,000 9.41 22.30 — —
$3.85 - $22.30 1,976,229 7.58 9.14 1,072,837 5.47
As of December 31, 2009 and 2008, there were approximately $5.3 million and $4.4 million of unrecognized stock-based compensation expense related
to non-vested stock option awards that is expected to be recognized over a weighted average period of 2.49 and 2.21 years, respectively.
The weighted average remaining contractual term and the aggregate intrinsic value for options outstanding at December 31, 2009 was 7.58 years and
$17.5 million, respectively. The weighted average remaining contractual term and the aggregate intrinsic value for options exercisable at December 31, 2009
was 6.84 years and $13.4 million, respectively. As of December 31, 2009, options were vested and exercisable as to a total of 1,072,837 shares of common
stock with a weighted average exercise price per share of $5.47.
The weighted average grant-date fair value per share of stock options granted was $10.32, $7.19 and $5.04 for the years ended December 31, 2009, 2008
and 2007, respectively.
The aggregate intrinsic value disclosed above represents the total intrinsic value (the difference between the fair market value of the Company's common
stock as of December 31, 2009, and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option
holders had all option holders exercised their options on December 31, 2009. This amount is subject to change based on changes to the fair market value of
the Company's common stock.
F-25