XM Radio 2011 Annual Report Download - page 44

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an exercise price of $5.54 vested in four equal annual installments from the date of grant on February 2,
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 $2.87 vested 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; 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
options granted at an exercise price of $1.69 vest in four equal annual installments from the date of grant on
August 23, 2011.
(5) Outstanding equity awards for Mr. Donnelly vest as follows: 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 installments 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 options granted at an exercise price of $2.18 vest in four equal annual installments from
the date of grant on July 21, 2011.
Option Exercises and Stock Vested in 2011
The following table provides information with respect to option exercises and restricted stock and restricted
stock units that vested during 2011.
Option Awards Stock Awards
Name
Number of
Shares Acquired
on Exercise
(#)
Value Realized
on Exercise
($)
Number of Shares
Acquired on
Vesting
(#)
Value Realized
on Vesting
($)(1)
Mel Karmazin ............... — — — —
Scott A. Greenstein ........... — — — —
James E. Meyer ............. — — — —
Dara F. Altman .............. — — 85,866 138,674
Patrick L. Donnelly .......... — — — —
David J. Frear ............... — — 100,000 180,500
(1) Value realized on vesting is based on the closing price on the NASDAQ Global Select Market of our
common stock on the date of vesting.
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