LeapFrog 2007 Annual Report Download - page 100

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LEAPFROG ENTERPRISES, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except per share and percent data)
Stock Option Awards
Options outstanding that have vested and are expected to vest as of December 31, 2007 are as follows:
Number of
Shares
(In Millions)
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(In Years)
Aggregate
Intrinsic Value
(In Thousands)
Vested ............................... 4.2 $15.32 6.99 $0.513
Expected to vest ........................ 4.9 $10.89 8.85 0.007
Total ................................ 9.1 $12.92 8.00 $0.520
Options outstanding that are expected to vest are net of estimated future option forfeitures in accordance
with the provisions of SFAS No. 123(R). During 2007, 1.9 million options completed vesting with an intrinsic
value of zero. As of December 31, 2007, there was $22,519 of unrecognized compensation costs related to stock
options granted under equity incentive plans. The unrecognized compensation cost is expected to be recognized
over a weighted average period of 1.39 years.
Additional information with respect to stock option plan activity is as follows:
In thousands, except per share amounts
Number of
Shares
Weighted
Average
Exercise Price Price Per Share
December 31, 2005 ............................. 5,522 $16.34 $2.37 – 44.60
Grants ........................................ 5,450 $11.92 $8.62 – 16.67
Exercises ...................................... (505) $ 7.12 $2.37 – 11.04
Cancellations and forfeitures ...................... (1,337) $16.18 $9.33 – 38.00
December 31, 2006 ............................. 9,130 $14.23 $5.00 – 44.60
Grants ........................................ 1,732 $ 8.34 $6.84 – 10.89
Exercises ...................................... (212) $ 9.99 $5.00 – 11.04
Cancellations and forfeitures ...................... (1,558) $16.48 $7.02 – 30.30
December 31, 2007 ............................. 9,092 $12.92 $5.00 – 44.60
Options exercisable at:
December 31, 2005 .............................. 3,862 $17.96 $2.37 – 44.60
December 31, 2006 .............................. 3,317 $18.21 $5.00 – 44.60
December 31, 2007 .............................. 4,164 $15.32 $5.00 – 44.60
F-28