iRobot 2014 Annual Report Download - page 130

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iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
57
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 31 2011 2,561,292 $ 17.17
Granted 547,948 19.70
Exercised (390,956) 11.07
Canceled (214,617) 21.91
Outstanding at December 29, 2012 2,503,667 $ 18.27
Granted 293,325 24.60
Exercised (840,951) 16.21
Canceled (185,666) 22.16
Outstanding at December 28, 2013 1,770,375 $ 19.89
Granted 233,181 37.10
Exercised (486,252) 18.39
Canceled (43,984) 27.17
Outstanding at December 27, 2014 1,473,320 $ 22.89 3.87 years $18.2 million
Vested and expected to vest at December 27, 2014 1,419,559 $ 22.61 3.79 years $17.8 million
Exercisable as of December 27, 2014 917,340 $ 19.32 2.82 years $14.2 million
Weighted average fair value of options granted
during the fiscal year ended December 27, 2014 $ 15.87
Options available for future grant at December 27,
2014 4,762,446
_________________________
(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 27, 2014 of $34.81 and the exercise price of the underlying option.
During fiscal years 2014, 2013, and 2012, the total intrinsic value of stock options exercised was $10.5 million, $12.1
million and $6.2 million, respectively. No amounts relating to stock-based compensation have been capitalized.
The following table summarizes information about stock options outstanding at December 27, 2014:
Options Outstanding Options Exercisable
Range of Exercise Prices Number
Outstanding
Weighted Average
Remaining
Contractual Life Weighted Average
Exercise Price Number
Exercisable Weighted Average
Exercise Price
$ 3.54 - $ 7.76 156,380 3.68 years $ 6.08 134,520 $ 6.29
8.10 - 14.13 100,551 1.10 13.36 100,551 13.36
14.52 - 14.52 164,442 2.26 14.52 164,442 14.52
14.54 - 22.20 182,584 3.63 19.17 113,901 19.54
22.86 - 22.86 194,508 5.09 22.86 79,614 22.86
24.00 - 25.99 199,546 2.66 24.75 153,876 24.46
26.59 - 33.48 264,971 4.30 31.19 156,756 31.05
33.72 - 35.96 121,445 6.10 35.01 13,680 34.34
37.08 - 37.08 34,500 6.84 37.08 — —
43.35 - 43.35 54,393 6.19 43.35 — —
$ 3.54 - $43.35 1,473,320 3.87 years $ 22.89 917,340 $ 19.32