LeapFrog 2010 Annual Report Download - page 167

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(8) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 42,193 shares originally issued June 9, 2008 under the 2002 Equity Incentive Plan.
Option is fully vested and exercisable.
(9) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 41,516 shares originally issued June 9, 2008 under the 2002 Equity Incentive Plan.
Option is fully vested and exercisable.
(10) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 20,000 shares originally issued September 17, 2007 under the 2002 Equity Incentive
Plan. Option vests in 48 equal monthly installments from the vesting commencement date, which was
September 17, 2007.
(11) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 51,000 shares originally issued September 15, 2008 under the 2002 Equity Incentive
Plan. Option vests in 48 equal monthly installments from the vesting commencement date, which was
September 15, 2008.
(12) No portion of the option would vest until the average closing price of our Class A common stock on the
NYSE across all trading days during a consecutive 90-day period that occurred after the grant date and
during the term of the option equaled or exceeded $4.00 per share. This price condition was satisfied in
March 2010. In addition, the option will vest over four years with 25% of the option shares vesting on the
first anniversary of the vesting commencement date and the remainder of the option shares vesting in equal
monthly installments thereafter. With respect to Mr. Katz’s May 2009 option grant, see “Notes Regarding
Summary Compensation Table and Grants of Plan-Based Awards Table” above for information regarding
adjustments in February 2010 to the vesting of this award based upon his resignation as our CEO.
(13) Option Vests over a four-year period in 48 equal monthly installments from the vesting commencement
date, which was March 1, 2010.
(14) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 22,976 shares originally issued June 9, 2008 under the 2002 Non-Employee Director
Stock Award Plan. Option is fully vested and exercisable.
(15) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 919 shares originally issued June 9, 2008 under the 2002 Equity Incentive Plan. Option is
fully vested and exercisable.
(16) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 1,030,989 shares originally issued June 9, 2008 under the 2002 Equity Incentive Plan.
Option is fully vested and exercisable. See “Notes Regarding Summary Compensation Table and Grants of
Plan-Based Awards Table” above for information regarding adjustments in February 2010 to the vesting of
Mr. Katz’s unvested option awards based upon his resignation as our CEO.
(17) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 661,090 shares originally issued June 9, 2008 under the 2002 Equity Incentive Plan.
Option is fully vested and exercisable. See “Notes Regarding Summary Compensation Table and Grants of
Plan-Based Awards Table” above for information regarding adjustments in February 2010 to the vesting of
Mr. Katz’s unvested option awards based upon his resignation as our CEO.
(18) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 123,945 shares originally issued June 9, 2008 outside of our equity plans. Option is fully
vested and exercisable. See “Notes Regarding Summary Compensation Table and Grants of Plan-Based
Awards Table” above for information regarding adjustments in February 2010 to the vesting of Mr. Katz’s
unvested option awards based upon his resignation as our CEO.
(19) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 397,384 shares originally issued June 9, 2008 outside of our equity plans. Option is fully
61