Expedia 2006 Annual Report Download - page 84

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The following table presents a summary of our stock warrants (equivalent shares) from December 31,
2005 through December 31, 2006:
Expiration Date
Weighted
Average
Exercise
Price
Outstanding
Warrants at
December 31,
2005 Exercised Cancelled
Outstanding
Warrants at
December 31,
2006
(In thousands, except per warrant data)
February 2012 ................. $25.56 16,094 — — 16,094
February 2009 ................. 31.22 7,295 — — 7,295
February 2009 ................. 11.93 11,096 (1) (1) 11,094
November 2009 to May 2010...... 13.23 164 (1) — 163
34,649 (2) (1) 34,646
The following table presents a summary of our stock option transactions from August 9, 2005 through
December 31, 2006:
Options
Weighted
Average
Exercise
Price
Remaining
Contractual
Life
Aggregate
Intrinsic
Value
(In thousands) (In years) (In thousands)
Granted at Spin-Off, based on conversions
from IAC options ................... 41,097 $12.87
Exercised ........................... (12,540) 5.79
Cancelled ........................... (851) 24.62
Balance as of December 31, 2005 ......... 27,706 15.71
Exercised ........................... (3,657) 9.41
Cancelled ........................... (916) 20.38
Balance as of December 31, 2006 ......... 23,133 16.52 3.4 $166,848
Exercisable as of December 31, 2006 ...... 19,237 13.42 2.3 166,404
The aggregate intrinsic value of outstanding options shown in the table above represents the total pretax
intrinsic value at December 31, 2006, based on our the closing stock price of $20.98 as of the last trading
date. The total intrinsic value of stock options exercised was $34.7 million and $213.2 million for the years
ended December 31, 2006 and 2005. Since the Spin-off on August 9, 2005, we have not granted options. The
expected to vest balance as of December 31, 2006 is equal to the outstanding balance at that date.
F-24
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)