LeapFrog 2004 Annual Report Download - page 142

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Stock Option Grants And Exercises
We grant options to our executive officers under our 2002 Equity Incentive Plan, or Incentive Plan. As of
April 11, 2005, options to purchase a total of 5,642,249 shares were outstanding under the Incentive Plan and
options to purchase 4,424,564 shares remained available for grant under the plan. All stock options were granted
at an exercise price equal to their fair market value on the date of grant.
The following tables show for the fiscal year ended December 31, 2004, certain information regarding
options granted to, exercised by, and held at year-end by the named executive officers:
Option Grants in 2004
Individual Grants
Potential Realizable
Value at Assumed
Annual Rates of Stock
Price Appreciation for
Option Term
Name
Number of
Securities
Underlying
Options
Granted
% of Total
Options
Granted to
Employees
in Fiscal
Year(1)
Exercise
Or Base
Price
(per
share)
Expiration
Date 5% 10%
Thomas J. Kalinske ............... 190,000 7.0% $22.25 4/20/2014 $2,658,652 $ 6,737,546
Jerome J. Perez .................. 400,000 14.8% $29.30 2/10/2014 $7,370,645 $18,678,662
Paul A. Rioux ................... — — — — — —
Timothy M. Bender ............... 84,000 3.1% $22.25 4/20/2014 $1,175,404 $ 2,978,705
Michael C. Wood ................ — — — — — —
G. Frederick Forsyth .............. 42,000 1.6% $22.25 4/20/2014 $ 587,702 $ 1,489,352
(1) Based on an aggregate of 2,705,025 shares subject to options granted to our employees in 2004, including
named executive officers.
Aggregated Option Exercises in 2004 and Year-End Option Values
The following table sets forth the number of shares of Class A common stock subject to exercisable and
unexercisable options held as of December 31, 2004 by each of the named executive officers.
Shares
Acquired
on Exercise
Value
Realized
Number of Securities
Underlying Unexercised
Options at
Fiscal Year-End (#)
Value of Unexercised In-the-Money
Options at
Fiscal Year-End(1)
Name Exercisable Unexercisable Exercisable Unexercisable
Thomas J. Kalinske ...... 7,777 $ 120,544 108,055 179,168 $ 84,028 $22,917
Jerome J. Perez .......... — — 83,333 316,667 — —
Paul A. Rioux ........... 30,000 $ 653,400 152,000 — $182,200 —
Timothy M. Bender ...... 110,000 $1,513,500 31,499 82,501 $ 19,249 $13,751
Michael C. Wood ........ 698,129 $9,698,205 — — — —
G. Frederick Forsyth ..... — — 90,333 201,667 — —
(1) Based on the closing price of the Class A common stock on December 31, 2004 of $13.60 per share minus
the option exercise price.
30