iRobot 2010 Annual Report Download - page 110

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The table below summarizes stock option plan activity:
Number of
Shares
Weighted Average
Exercise Price
Weighted Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value(1)
Outstanding at December 29,
2007 .................... 3,246,088 $12.29
Granted .................... 1,007,660 14.58
Exercised .................. (289,970) 3.49
Canceled ................... (439,847) 15.71
Outstanding at December 27,
2008 .................... 3,523,931 $13.24
Granted .................... 941,406 11.09
Exercised .................. (243,791) 3.02
Canceled ................... (824,918) 19.89
Outstanding at January 2, 2010 . . 3,396,628 $11.77
Granted .................... 1,058,323 16.65
Exercised .................. (667,348) 9.87
Canceled ................... (130,568) 15.21
Outstanding at January 1, 2011 . . 3,657,035 $13.40 4.86 years $42.0 million
Vested and expected to vest at
January 1, 2011 ............ 3,476,378 $13.30 4.80 years $40.3 million
Exercisable as of January 1,
2011 .................... 1,897,121 $12.04 4.0 years $24.4 million
Weighted average fair value of
options granted during the
fiscal year ended January 1,
2011 .................... $ 8.24
Options available for future grant
at January 1, 2011 .......... 3,008,963
(1) The aggregate intrinsic value on the table was calculated based upon the positive difference between the closing
market value of the Company’s stock on January 1, 2011 of $24.88 and the exercise price of the underlying
option.
During fiscal years 2010, 2009, and 2008, the total intrinsic value of stock options exercised was $7.5 million,
$2.0 million and $3.2 million, respectively. No amounts relating to stock-based compensation have been
capitalized.
64
iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)