XM Radio 2015 Annual Report Download - page 50

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(1) Grants were made under the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan. The
stock option and RSU awards granted to Mr. Meyer on August 11, 2015 were in connection with
his employment agreement dated August 11, 2015. The stock option awards granted to
Mr. Frear on July 29, 2015 were in connection with his employment agreement dated July 3,
2015. The stock option and RSU awards granted to Ms. Altman on June 19, 2015 were in
connection with her employment agreement dated June 19, 2015. The stock option and RSU
awards granted to Mr. Cady on July 29, 2015 were in connection with his employment
agreement dated June 29, 2015. The stock option and RSU awards granted to Mr. Verbrugge on
August 5, 2015 were in connection with our long-term incentive program, and the stock option
and RSU awards granted to Mr. Verbrugge on December 11, 2015 were in connection with his
employment agreement dated December 11, 2015.
(2) The exercise price of the options granted to each the named executive officers is equal to the
closing price of our common stock reported on NASDAQ on the dates of grant.
(3) The aggregate grant date fair value of stock option and RSU awards were computed in
accordance with FASB ASC Topic 718. The assumptions used in the valuation of the stock
options are discussed in Note 15 to our audited consolidated financial statements in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2015.
Outstanding Equity Awards at Fiscal Year-End 2015
The following table provides information with respect to the status at December 31, 2015 of all
unvested RSUs and exercisable and unexercisable stock options 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 that
have not
Vested
#
Market Value of
Shares or Units
of Stock that
have not
Vested(1)
$
Option Awards Stock Awards
James E. Meyer(2) . . . . . . . . 1,350,000 — 5.4900 2/2/2016 — —
512,000 — 3.6500 2/1/2017 — —
707,000 — 2.8200 1/23/2018 — —
830,500 — 0.6235 8/31/2019 — —
10,128,894 — 3.3000 5/02/2023 — —
— 13,279,313 3.9000 8/11/2025 — —
— — — — 2,564,103 10,435,899
David J. Frear(3). . . . . . . . . . . 307,000 — 3.6500 2/1/2017 — —
483,000 — 2.8200 1/23/2018 — —
1,500,000 — 3.0500 2/12/2018 — —
6,000,000 — 2.1300 7/21/2021 — —
— 14,250,000 3.9500 7/2/2025 — —
Dara F. Altman(4). . . . . . . . . . 1,875,000 — 1.6400 8/23/2021 — —
— 5,100,962 3.8700 6/19/2025 — —
— — — — 355,297 1,446,059
James A. Cady(5) . . . . . . . . . 235,797 707,389 3.5500 2/3/2024 — —
89,565 268,695 3.3699 8/5/2024 — —
— 1,862,623 3.9500 7/29/2025 — —
— — — — 154,407 628,436
Joseph A. Verbrugge(6) . . . . — 187,500 2.4800 8/14/2022 — —
217,160 217,160 3.6100 8/19/2023 — —
179,125 537,375 3.3699 8/5/2024 — —
— 958,900 3.9200 8/5/2025 — —
— 4,095,724 4.0100 12/11/2025 — —
— — — — 478,261 1,946,522
40