XM Radio 2009 Annual Report Download - page 32

(1) Outstanding equity awards for Mr. Karmazin vest in four equal annual installments on December 31, 2010,
December 31, 2011, June 30, 2012 and December 31, 2012.
(2) Outstanding equity awards for Mr. Greenstein vest as follows: options granted at an exercise price of
$3.14 vested immediately on the date of grant on May 5, 2004; options granted at an exercise price of
$6.60 vested in three equal annual installments from the date of grant on August 8, 2005; options granted
at an exercise price of $3.70 vest in four equal annual installments from the date of grant on February 1,
2007; options granted at an exercise price of $2.87 vest in four equal annual installments from the date of
grant on January 23, 2008; and options granted at an exercise price of $0.43 vest in four equal annual
installments commencing on July 26, 2010.
(3) Outstanding equity awards for Mr. Meyer vest as follows: options granted at an exercise price of $6.75
vested 50% on the date of grant on December 14, 2001 and 25% per year thereafter; options granted at an
exercise price of $1.04 vested in three equal annual installments on July 1, 2004, July 1, 2005 and July 1,
2006; options granted at an exercise price of $5.54 vest in four equal annual installments from the date of
grant on February 2, 2006; options granted at an exercise price of $3.70 vest in four equal annual install-
ments from the date of grant on February 1, 2007; options granted at an exercise price of $2.87 vest in
four equal annual installments from the date of grant on January 23, 2008; options granted at an exercise
price of $0.6735 vest in four equal annual installments from the date of grant on August 31, 2009; and
options granted at an exercise price of $0.5752 vest in four equal annual installments from the date of
grant on October 14, 2009.
(4) Outstanding equity awards for Ms. Altman vest as follows: options granted at an exercise price of $0.6735
vest in four equal annual installments from the date of grant on August 31, 2009; 107,333 restricted stock
awards vest on May 25, 2010; and of the remaining 171,733 restricted stock awards, 85,867 vested on
February 1, 2010 and 85,866 vest on February 1, 2011.
(5) Outstanding equity awards for Mr. Donnelly vest as follows: options granted at an exercise price of $7.50
vested 41.25% on the date of grant on May 1, 2001, 19.75% on October 15, 2001, 19.5% on April 15,
2002 and 19.5% on October 15, 2002; options granted at an exercise price of $7.61 vested immediately on
the date of grant on May 1, 2001; options granted at an exercise price of $1.04 vested in three equal
annual installments on July 1, 2004, July 1, 2005 and July 1, 2006; options granted at an exercise price of
$5.71 vest in four equal annual installments from the date of grant on February 1, 2006; options granted at
an exercise price of $3.70 vest in four equal annual installments from the date of grant on February 1,
2007; options granted at an exercise price of $2.72 vest in three equal annual installments from the date of
grant on May 17, 2007; options granted at an exercise price of $0.6735 vest in four equal annual install-
ments from the date of grant on August 31, 2009; and 91,668 restricted stock units vest on May 17, 2010.
(6) Outstanding equity awards for Mr. Frear vest as follows: options granted at an exercise price of $1.85
vested either in three equal annual installments on July 1, 2004, July 1, 2005, and July 1, 2006, on
March 15, 2004 as a result of the satisfaction of performance targets for the year ended December 31,
2003, or on March 15, 2005 as a result of the satisfaction of performance targets for the year ended
December 31, 2004; options granted at an exercise price of $6.61 vested in three equal annual installments
from the date of grant on August 10, 2005; options granted at an exercise price of $3.70 vest in four equal
annual installments from the date of grant on February 1, 2007; options granted at an exercise price of
$2.87 vest in four equal annual installments from the date of grant on January 23, 2008; options granted at
an exercise price of $3.10 vest in three equal annual installments from the date of grant on February 12,
2008; options granted at an exercise price of $0.6735 vested in four equal annual installments from the
date of grant on August 31, 2009; and of the 200,000 restricted stock units, 100,000 vested on March 5,
2010 and 100,000 vest on February 12, 2011.
(7) Vesting and payment of all restricted stock units reflected above will be accelerated upon the death of the
executive officer or upon a triggering event following a change in control, as defined under our stock
incentive plans, or upon the occurrence of an event that triggers immediate vesting of the outstanding
awards under the executive’s employment agreement.
(8) Amount is based on the closing price of our common stock of $0.60 on December 31, 2009.
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