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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)
Note 14—Stock-Based Compensation (continued)
77
Option activity for the year ended July 31, 2009, the five months ended December 31, 2009 and the years ended
December 31, 2010 and 2011 was as follows:
Number of Shares
Weighted-Average
Exercise Price
Aggregate Intrinsic
Value
(in thousands, except per share data)
Outstanding at July 31, 2008 . . . . . . . . . . . . . . . . . . . . . . 4,795 2.76
Options granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 812 11.32
Options canceled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (664) 4.24
Options exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35) 3.21
Outstanding at July 31, 2009 . . . . . . . . . . . . . . . . . . . . . . 4,908 3.88
Options granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,389 19.75
Options canceled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (48) 10.15
Options exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (562) 1.68
Outstanding at December 31, 2009 . . . . . . . . . . . . . . . . . 5,687 7.98
Options granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 349 32.38
Options canceled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (143) 21.38
Options exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,550) 3.61
Outstanding at December 31, 2010 . . . . . . . . . . . . . . . . . 4,343 11.25
Options granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 889 38.70
Options canceled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (132) 37.38
Options exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (344) 9.18
Outstanding at December 31, 2011. . . . . . . . . . . . . . . . . . 4,756 15.79 $ 79,696
Vested or expected to vest at December 31, 2011 . . . . . . 4,711 15.64 $ 79,609
Exercisable at December 31, 2011 . . . . . . . . . . . . . . . . . . 3,035 8.43 $ 69,521
The total intrinsic value of options exercised was $4.4 million and $76.8 million for the years ended December 31,
2011 and 2010, respectively, $10.0 million for the five months ended December 31, 2009 and $0.3 million for the year
ended July 31, 2009. Approximately 2.3 million shares are available for grant under the 2010 Equity Incentive Plan
as of December 31, 2011.
Restricted stock unit activity for the year ended December 31, 2011 was as follows:
Number of RSUs Unvested RSUs
(in thousands)
Outstanding at December 31, 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ——
RSUs granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111 111
RSUs canceled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) (1)
RSUs vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ——
Outstanding at December 31, 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110 110