XM Radio 2010 Annual Report Download - page 43

in four equal annual installments from the date of grant on January 23, 2008; options granted at an exer-
cise 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; options granted at an
exercise price of $1.04 vest in four equal annual installments from the date of grant on August 9, 2010;
and 85,866 shares of restricted stock vested 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 vested in four equal annual installments from the date of grant on February 1, 2006; options granted
at an exercise price of $3.70 vested in four equal annual installments from the date of grant on February 1,
2007; options granted at an exercise price of $2.72 vested 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 options granted at an exercise price of $0.6669 vest
in four equal annual installments from the date of grant on January 14, 2010.
(6) Outstanding equity awards for Mr. Frear vest as follows: options granted at an exercise price of $1.85
vested either (i) in three equal annual installments on July 1, 2004, July 1, 2005, and July 1, 2006, (ii) on
March 15, 2004 as a result of the satisfaction of performance targets for the year ended December 31,
2003, or (iii) 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 vested in four
equal annual installments from the date of grant on February 1, 2007; options granted at an exercise price
of $2.87 vested in four equal annual installments from the date of grant on January 23, 2008; options
granted at an exercise price of $3.10 vested in three equal annual installments from the date of grant on
February 12, 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; options granted at an exercise price of $1.04 vest in four equal
annual installments from the date of grant on August 9, 2010; and 100,000 restricted stock units vested on
February 18, 2011.
(7) Amount is based on the closing price on the NASDAQ Global Select Market of our common stock of
$1.63 on December 31, 2010.
Option Exercises and Stock Vested in 2010
The following table provides information with respect to option exercises and restricted stock and
restricted stock units that vested during 2010.
Name
Number of
Shares Acquired
on Exercise
(#)
Value Realized
on Exercise
($)(1)
Number of Shares
Acquired on
Vesting
(#)
Value Realized
on Vesting
($)(2)
Option Awards Stock Awards
Mel Karmazin .............. — — — —
Scott A. Greenstein .......... 6,942,034 4,128,209 — —
James E. Meyer ............. 5,000,000 4,708,362 — —
Dara F. Altman ............. — — 193,200 180,681
Patrick L. Donnelly .......... — — 91,668 98,085
David J. Frear .............. — — 100,000 93,400
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