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TABLE OF CONTENTS
STAMPS.COM INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
11. Employee Stock Plans – (continued)
The following tables summarize information concerning outstanding and exercisable options at December 31, 2009 (in
thousands, except number of years and per share amounts):
The following table summarizes stock option activity related to our 1999 Stock Incentive Plan for 2009:
Options Outstanding
Options Exercisable
Range of Exercise Prices
Number
Outstanding
Weighted Average
Remaining
Contractual
Life (in Years)
Weighted
Average
Exercise Price
Per Share
Number
Exercisable
Weighted
Average
Exercise Price
Per Share
$0.00 – $16.20
2,373
6.3
$
11.45
1,582
$
11.09
$16.21 – $32.40
666
4.6
$
19.57
659
$
19.54
$32.41 – $48.60
111
4.1
$
34.51
109
$
34.54
$48.61 – $64.80
20
0.2
$
57.33
20
$
57.33
$64.81 – $81.00
6
0.1
$
79.00
6
$
79.00
$0.10 – $81.00
3,176
5.9
$
14.38
2,376
$
15.08
The aggregate intrinsic value in the table above represents the total pretax intrinsic value, based on our closing stock price of
$9.00 at December 31, 2009, the last trading day of 2009, which would have been received by award holders had all award
holders exercised their awards that were in-the-money as of that date.
The weighted average grant date fair value of options granted during 2009, 2008 and 2007 was $4.04, $5.28 and $6.56,
respectively. The total intrinsic value of options exercised during 2009, 2008 and 2007 was approximately $48,000, $275,000
and $769,000, respectively.
The following table summarizes the status of our nonvested stock options as of December 31, 2009:
Number of
Stock Options
(in Thousands)
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Life (in Years)
Aggregate
Intrinsic Value
(in Thousands)
Outstanding at December 31, 2008
3,286
$
15.48
Granted
146
8.93
Exercised
(18
)
6.57
Forfeited or expired
(238
)
26.54
Balance at December 31, 2009
3,176
14.38
5.9
$
1,121
Exercisable at December 31, 2009
2,376
$
15.08
5.1
$
1,078
Nonvested
Number of
Stock Options
(in Thousands)
Weighted
Average
Grant Date
Fair Value
Nonvested at December 31, 2008
1,203
$
6.29
Granted
146
4.04
Vested
(480
)
6.55
Forfeited
(69
)
5.28
Nonvested at December 31, 2009
800
$
5.81