LeapFrog 2009 Annual Report Download - page 82

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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 $3.91 and $3.50 as of December 31, 2009 and 2008,
respectively. During 2009, options to purchase 2,556 shares of Class A common stock with an intrinsic value of
$258 were fully vested. As of December 31, 2009, there was a total of $11,779 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 1.91 years.
The activity in the Company’s restricted stock units and restricted stock awards for the years ended
December 31, 2009 and 2008 was as follows:
Number
of Shares
Weighted
Average
Grant
Date
Fair Value
Restricted stock units and awards:
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
Grants ................................................................... 59 2.47
Vested ................................................................... (314) 9.51
Retired or forfeited ......................................................... (142) 8.39
Nonvested at December 31, 2009 ............................................ 521 $ 8.16
Vested and deferred at December 31, 2009 .................................... 80 $10.78
As of December 31, 2009, there was a total of $2,680 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 1.92 years.
The table below shows information by range of exercise prices for the Company’s outstanding stock options as of
December 31, 2009.
Outstanding at December 31, 2009
Exercisable at
December 31, 2009
Range of Exercise Prices
Number of
Shares
Weighted
Average
Exercise
Price
Average
Remaining
Contractual
Life in Years
Number of
Shares
Weighted
Average
Exercise
Price
$1.41 – $2.75 ................................. 3,230 $ 2.55 9.35 75 $ 2.44
$2.76 – $5.00 ................................. 2,932 3.92 7.91 1,337 3.88
$5.01 – $7.32 ................................. 1,725 6.28 6.75 1,069 6.27
$7.33 – $12.50 ................................ 72 9.38 7.39 35 10.18
$12.51 – $19.74 ............................... 44 11.99 6.08 40 18.61
Total ................................... 8,003 $ 3.97 8.23 2,556 $ 5.04
72