XM Radio 2009 Annual Report Download - page 188
Download and view the complete annual report
Please find page 188 of the 2009 XM Radio annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196 -
197 -
198 -
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
 |
 |
The following table summarizes the range of assumptions used to compute reported share-based payment
expense to third parties, other than non-employee members of our board of directors, for the years ended
December 31, 2009, 2008 and 2007:
2009 2008 2007
For the Years Ended December 31,
Risk-free interest rate ......................... 0.67 - 2.69% 0.37 - 3.34% 3.1 - 5.0%
Expected life — years ........................ 2.33 - 6.19 1.25 - 4.08 2.25 - 6.33
Expected stock price volatility .................. 83-130% 80% 60%
Expected dividend yield ....................... $— $— $—
The following table summarizes stock option activity under our share-based payment plans for the years ended
December 31, 2009, 2008 and 2007 (shares in thousands):
Shares
Weighted-
Average
Exercise
Price
Weighted-Average
Remaining
Contractual Term
(Years)
Aggregate
Intrinsic
Value
Outstanding, January 1, 2007 .............. 71,793 $5.56
Granted ............................ 12,715 $3.55
Exercised .......................... (2,859) $1.43
Forfeited, cancelled or expired ........... (2,049) $3.97
Outstanding, December 31, 2007 ........... 79,600 $5.38
Options exchanged for outstanding XM
Holdings options ................... 67,711 $4.09
Granted ............................ 24,358 $2.12
Exercised .......................... (117) $1.74
Forfeited, cancelled or expired ........... (6,116) $4.09
Outstanding, December 31, 2008 ........... 165,436 $4.42
Granted ............................ 265,761 $0.53
Exercised .......................... — $ —
Forfeited, cancelled or expired ........... (66,405) $5.21
Outstanding, December 31, 2009 ........... 364,792 $1.44 6.89 $29,051
Exercisable, December 31, 2009 ........... 77,718 $4.22 4.43 $ 685
The weighted average grant date fair value of options granted during the years ended December 31, 2009, 2008
and 2007 was $0.36, $1.27 and $1.88, respectively. The total intrinsic value of stock options exercised during the
years ended December 31, 2009, 2008 and 2007 was $0, $127 and $5,286, respectively.
We recognized share-based payment expense associated with stock options of $46,080, $49,148 and $41,431
for the years ended December 31, 2009, 2008 and 2007, respectively.
F-34
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)