XM Radio 2009 Annual Report Download - page 31

employment agreement vests in four equal annual installments beginning on July 26, 2010 and has a term
of ten years. The option award granted on October 14, 2009 to Mr. Meyer in connection with the extension
of his employment agreement vests proportionally over four years from the date of grant and has a term of
ten years.
(3) The exercise price of each option is equal to the fair market value, or closing price, of our common stock
on the date of grant.
(4) The aggregate grant date fair value of restricted stock unit and stock option awards was computed in
accordance with ASC 718, Compensation — Stock Compensation. The assumptions used in the valuation
are discussed in Note 13 to our audited consolidated financial statements in our Annual Report on
Form 10-K for the year ended December 31, 2009.
Outstanding Equity Awards at Fiscal Year-End 2009
The following table provides information with respect to the status at December 31, 2009 of all
unexercised options and unvested restricted stock and restricted stock units awarded to each of the named
executive officers.
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or Units
of Stock that
have not
Vested
(#)(7)
Market Value
of Shares or
Units of Stock
that have not
Vested
($)(8)
Option Awards
Mel Karmazin(1) ................. — 120,000,000 0.43 12/31/2014 — —
Scott A. Greenstein(2) ............. 1,000,000 — 3.14 5/5/2014 — —
1,250,000 — 6.60 8/8/2015 — —
217,500 217,500 3.70 2/1/2017 — —
151,750 455,250 2.87 1/23/2018 — —
— 27,768,136 0.43 7/27/2019 — —
James E. Meyer(3) . . . ............. 50,000 — 6.75 12/14/2011 — —
66,666 — 1.04 8/11/2013 — —
1,012,500 337,500 5.54 2/2/2016 — —
256,000 256,000 3.70 2/1/2017 — —
176,750 530,250 2.87 1/23/2018 — —
— 3,322,000 0.6735 8/31/2019 — —
— 25,184,984 0.5752 10/14/2019 — —
Dara F. Altman(4) . . . ............. — 1,661,000 0.6735 8/31/2019 107,333 64,400
— — — — 171,733 103,040
Patrick L. Donnelly(5) ............. 400,000 — 7.50 5/1/2011 91,668 55,001
100,000 — 7.61 5/1/2011 — —
16,666 — 1.04 8/11/2013 — —
90,000 30,000 5.71 2/1/2016 — —
128,000 128,000 3.70 2/1/2017 — —
966,666 483,334 2.72 5/17/2017 — —
— 2,215,000 0.6735 8/31/2019 — —
David J. Frear(6) ................. 1,150,000 — 1.85 8/11/2013 200,000 120,000
700,000 — 6.61 8/10/2015 — —
153,500 153,500 3.70 2/1/2017 — —
120,750 362,250 2.87 1/23/2018 — —
500,000 1,000,000 3.10 2/12/2018 — —
— 2,215,000 0.6735 8/31/2019 — —
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