XM Radio 2013 Annual Report Download - page 43

(3) Outstanding equity awards for Mr. Greenstein vest as follows: options granted at an exercise price of $6.552
vested in three equal annual installments from the date of grant on August 8, 2005; options granted at an
exercise price of $3.65 vested in four equal annual installments from the date of grant on February 1, 2007;
options granted at an exercise price of $2.82 vested in four equal annual installments from the date of grant
on January 23, 2008; and options granted at an exercise price of $3.755 vest in three annual installments
from July 22, 2013. The restricted stock units granted to Mr. Greenstein cliff vest on July 22, 2016.
(4) Outstanding equity awards for Mr. Cook vest as follows: options granted at an exercise price of $4.74 vested
in three equal annual installments from the date of grant on February 18, 2004; options granted at an
exercise price of $0.6235 vested in four equal annual installments from the date of grant on August 31,
2009; options granted at an exercise price of $0.99 vest in four equal annual installments from the date of
grant on August 9, 2010; options granted at an exercise price of $1.64 vest in four equal annual installments
from the date of grant on August 23, 2011; options granted at exercise price of $2.48 vest in four equal
installments from the date of grant of August 14, 2012; and options granted at an exercise price of $3.695
vest in four equal installments from August 13, 2013. The restricted stock units granted to Mr. Cook cliff
vest on August 13, 2017.
(5) Outstanding equity awards for Mr. Frear vest as follows: options granted at an exercise price of $6.56 vested
in three equal annual installments from the date of grant on August 10, 2005; options granted at an exercise
price of $3.65 vested in four equal annual installments from the date of grant on February 1, 2007; options
granted at an exercise price of $2.82 vested in four equal annual installments from the date of grant on
January 23, 2008; options granted at an exercise price of $3.05 vested in three equal annual installments
from the date of grant on February 12, 2008; options granted at an exercise price of $0.99 vest in four equal
annual installments from the date of grant on August 9, 2010; and options granted at an exercise price of
$2.13 vest in four equal annual installments from the date of grant on July 21, 2011.
(6) Outstanding equity awards for Mr. Rodriguez vest as follows: options granted at an exercise price of $2.87
vest in four equal installments from the date of grant of October 22, 2012; and options granted at exercise
price of $3.695 vest in four equal installments from the date of grant of August 15, 2013. The restricted
stock units granted to Mr. Rodriguez cliff vest on August 15, 2017.
Option Exercises and Stock Vested in 2013
The following table provides information with respect to option exercises and restricted stock units that
vested during 2013.
Option Awards Stock Awards
Name
Number of
Shares Acquired
on Exercise
(#)
Value Realized
on Exercise
($)(1)
Number of Shares
Acquired on
Vesting
(#)
Value Realized
on Vesting
($)
James E. Meyer ............ — — — —
Scott A. Greenstein ......... 7,942,034 23,439,292 — —
Stephen R. Cook ........... 105,000 213,150 — —
David J. Frear .............. 3,114,950 6,785,500 — —
Enrique Rodriguez .......... — — — —
(1) Value realized on exercise is based on the gain equal to the difference between the closing price on the
NASDAQ Global Select Market of the stock acquired upon exercise on the exercise date less the exercise
price, multiplied by the number of options exercised.
Non-Qualified Deferred Compensation and Pension Benefits
We do not offer non-qualified deferred compensation or pension benefits to our named executive officers.
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