XM Radio 2015 Annual Report Download - page 52

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Option Exercises and Stock Vested in 2015
The following table provides information with respect to option exercises and restricted stock
and RSUs that vested during 2015.
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
James E. Meyer . . . . . . . . . . . . . . . . . . . 6,296,246 21,752,271 984,848 4,067,422
David J. Frear . . . . . . . . . . . . . . . . . . . . . 2,000,000 3,780,000 — —
Dara F. Altman . . . . . . . . . . . . . . . . . . . . 2,816,400 6,537,719 — —
James A. Cady . . . . . . . . . . . . . . . . . . . . — — 9,275 36,636
Joseph A. Verbrugge. . . . . . . . . . . . . . . 1,045,350 1,986,884 34,135 134,599
(1) Value realized on exercise is the amount equal to the difference between (a) the price on
NASDAQ of the stock acquired upon exercise on the exercise date less (b) the exercise price,
multiplied by the number of options exercised.
(2) Value realized on vesting is the amount equal to (a) the closing price on NASDAQ on the day
prior to the vesting dated multiplied by (b) the number of shares vesting.
Non-Qualified Deferred Compensation
The following table provides information with respect to the nonqualified deferred compensation
plan for 2015.
Name
Executive
Contributions(1)
$
Employer
Contributions
$
Aggregate
Earnings
$
Aggregate
Withdrawals/
Distributions
$
Aggregate
Balance at Last
Year-End
$
James E. Meyer . . . . . . . . . . . . . 1,509,041 — — — 1,509,041
David J. Frear . . . . . . . . . . . . . . . 613,048 — — — 613,048
Dara F. Altman . . . . . . . . . . . . . . — — — — —
James A. Cady . . . . . . . . . . . . . . — — — — —
Joseph A. Verbrugge . . . . . . . . 180,771 — — — 180,771
(1) Employee contributions included in this column are also included in the Summary Compensation
Table in the column labelled “Bonus” for 2015.
Participation in the Deferred Compensation Plan is available to certain of our senior officers,
including our named executive officers. Eligible employees may defer a portion of their annual base
salary and/or annual bonus, as applicable, each plan year. Our named executive officers are eligible
to participate on the same terms as other eligible employees. Eligible employees may elect to defer
up to (i) 50% of his or her cash-paid base salary; and (ii) 75% of his or her annual cash bonus. We
may elect to make additional contributions beyond amounts deferred by participants, but we are
under no obligation to do so. At the time of making a deferral election, participants designate the
time and form of the distribution of deferrals to be made for the year to which that election relates.
Distributions may occur earlier upon a change in control or a termination of employment, subject to
certain conditions provided for under the Deferred Compensation Plan and Section 409A of the
Internal Revenue Code. Participants have the opportunity to designate the investment funds to
which the deferred amounts are to be credited. All investment gains and losses in a participant’s
account under the Deferred Compensation Plan are entirely based upon the investment selections
made by the participant. We have established a grantor (or “rabbi”) trust to facilitate payment of our
obligations under the Deferred Compensation Plan.
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