iRobot 2011 Annual Report Download - page 112

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Form 10-K
iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
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 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
Granted ........................... 349,650 33.27
Exercised ......................... (1,232,721) 10.87
Canceled .......................... (212,672) 15.37
Outstanding at December 31, 2011 ..... 2,561,292 $17.17 4.36 years $33.6 million
Vested and expected to vest at
December 31, 2011 ............... 2,454,904 $16.94 4.31 years $32.7 million
Exercisable as of December 31, 2011 . . . 1,397,605 $14.51 3.56 years $21.4 million
Weighted average fair value of options
granted during the fiscal year ended
December 31, 2011 ............... $16.55
Options available for future grant at
December 31, 2011 ............... 2,695,397
(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 December 31, 2011 of $29.85 and the exercise price of the
underlying option.
During fiscal years 2011, 2010, and 2009, the total intrinsic value of stock options exercised was
$25.4 million, $7.5 million and $2.0 million, respectively. No amounts relating to stock-based compensation
have been capitalized.
65