LeapFrog 2008 Annual Report Download - page 88

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LEAPFROG ENTERPRISES, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except per share data)
Stock options outstanding that are expected to vest are shown net of estimated future option forfeitures. The
price of a share of the Company’s Class A common stock was $3.50 and $6.37 as of December 31, 2008 and
2007, respectively. During 2008, options to purchase 2.8 million shares of Class A common stock with an
intrinsic value of zero were fully vested. As of December 31, 2008, there was a total of $27,015 of unrecognized
compensation cost related to stock options granted under the Plans. The unrecognized compensation cost is
expected to be recognized over a weighted average period of 1.94 years.
The activity in the Company’s restricted stock units and restricted stock awards for the years ended
December 31, 2008 and 2007 was as follows:
Number
of
Shares
Weighted
Average
Grant
Date
Fair
Value
Nonvested at December 31, 2006 ..................................... 1,092 $10.59
Grants ........................................................... 653 8.37
Vested ........................................................... (276) 10.20
Retired or forfeited ................................................. (352) 10.83
Nonvested at December 31, 2007 ..................................... 1,117 9.31
Grants ........................................................... 319 8.37
Vested ........................................................... (286) 10.14
Retired or forfeited ................................................. (232) 9.33
Nonvested at December 31, 2008 ..................................... 918 $ 8.72
Vested and deferred at December 31, 2008 ............................ 85 $10.78
As of December 31, 2008, there was a total of $2,059 of unrecognized compensation cost related to
restricted stock units and awards granted under the Plans. The unrecognized compensation cost is expected to be
recognized over a weighted average period of 2.47 years.
The table below shows information by range of exercise prices for the Company’s outstanding stock options
as of December 31, 2008.
Outstanding at December 31, 2008
Exercisable at
December 31, 2008
Range of Exercise Prices
Number
of Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life in
Years
Number
of
Shares
Weighted
Average
Exercise
Price
$ 3.99 – $8.91 .................................... 1,479 $ 6.98 8.07 568 $ 6.58
$ 9.14 – $9.14 .................................... 2,231 9.14 7.09 — —
$ 9.33 – $10.55 ................................... 1,645 9.46 8.52 547 9.65
$ 10.56 – $14.79 .................................. 1,971 12.39 7.45 464 11.71
$ 15.17 – $29.30 .................................. 793 23.05 6.14 601 25.52
Total ...................................... 8,119 $10.96 7.55 2,180 $13.66
F-30