Enom 2011 Annual Report Download - page 106

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Award Activity
Stock Options
Stock option activity for the year ended December 31, 2011 is as follows:
Number of
options
outstanding
Weighted
average
exercise
price
Weighted
average
remaining
contractual
term
(in years)
Aggregate
intrinsic
value
Outstanding at December 31, 2010 19,065 $ 11.88 8.34 $ 131,569
Options granted 530 16.64
Options exercised (1,919) 3.19
Options forfeited or canceled (1,022) 8.89
Outstanding at December 31, 2011 16,654 $ 13.21 7.53 $ 17,480
Exercisable at December 31, 2011 7,796 $ 6.05 6.56 $ 16,099
Vested and expected to vest at December 31, 2011 14,862 $ 12.34 7.42 $ 17,206
The pre-tax aggregate intrinsic value of outstanding and exercisable stock options is based on the difference between the estimated fair value of the
Company's common stock at December 31, 2010 and 2011 and their exercise prices, respectively for all awards where the fair value of the Company's
common stock exceeds the exercise price. Options expected to vest reflect an estimated forfeiture rate.
During the year ended December 31, 2010, the Company granted certain executive-level employees options to purchase 2,375, 1,150, 1,150 and 1,150
shares of common stock at exercise prices per share of $18.00, $24.00, $30.00, $36.00, respectively, which only commenced vesting upon the completion of
its IPO in January 2011. The grant date fair value of these stock options was $30,800.
The following table summarizes information concerning outstanding and exercisable options at December 31, 2011:
Range of Exercise Prices Number
Outstanding Weighted
Average
Remaining
Contractual
Term
(in years)
Weighted
Average
Exercise
Price
Number
Exercisable Weighted
Average
Exercise
Price
$0.00 - 3.60 3,310 5.8 $ 2.30 3,031 $ 2.22
$3.61 - 7.20 1,919 6.2 5.05 1,524 4.91
$7.21 - 10.80 4,635 7.7 9.07 2,778 9.16
$10.81 - 14.40 318 8.6 13.36 105 13.30
$14.41 - 18.00 2,936 8.7 17.41 358 17.08
$18.01 - 21.60 86 9.1 21.36 — —
$21.61 - 25.20 1,150 8.6 24.00 — —
$28.81 - 32.40 1,150 8.6 30.00 — —
$32.41 - 36.00 1,150 8.6 36.00 — —
16,654 7.5 $ 13.21 7,796 $ 6.05
Information related to stock-based compensation activity is as follows:
Year ended December 31,
2009 2010 2011
Weighted average fair value of options granted (per option) $ 2.50 $ 5.41 $ 8.60
Intrinsic value of options exercised 991 5,889 16,487
Total fair value of restricted stock vested 6,617 7,502 8,377
There was $39,996 of stock-based compensation expense as of December 31, 2011 related to the non-vested portion of
F-27