LeapFrog 2011 Annual Report Download - page 161

(8) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 16,495 shares originally issued June 9, 2008 under the Prior Plan. Option is fully
vested and exercisable. With respect to Mr. Chiasson’s Prior Plan grants, see ‘‘Employment
Arrangements’’ above for information regarding vesting and exercisability of Mr. Chiasson’s awards upon
his resignation as our CEO.
(9) Represents grant of option pursuant to our option exchange program in exchange for cancellation of an
option to purchase 85,836 shares originally issued June 9, 2008 under the Prior Plan. Option is fully
vested and exercisable. With respect to Mr. Chiasson’s Prior Plan grants, see ‘‘Employment
Arrangements’’ above for information regarding vesting and exercisability of Mr. Chiasson’s awards upon
his resignation as our CEO.
(10) 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 Prior Plan. Option is fully
vested and exercisable. With respect to Mr. Chiasson’s Prior Plan grants, see ‘‘Employment
Arrangements’’ above for information regarding vesting and exercisability of Mr. Chiasson’s awards upon
his resignation as our CEO.
(11) 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 Prior Plan. Option is fully
vested and exercisable. With respect to Mr. Chiasson’s Prior Plan grants, see ‘‘Employment
Arrangements’’ above for information regarding vesting and exercisability of Mr. Chiasson’s awards upon
his resignation as our CEO.
(12) 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 Prior Plan. Option vests
in 48 equal monthly installments from the vesting commencement date, which was September 17, 2007.
With respect to Mr. Chiasson’s Prior Plan grants, see ‘‘Employment Arrangements’’ above for information
regarding vesting and exercisability of Mr. Chiasson’s awards upon his resignation as our CEO.
(13) 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 Prior Plan. Option vests
in 48 equal monthly installments from the vesting commencement date, which was September 15, 2008.
With respect to Mr. Chiasson’s Prior Plan grants, see ‘‘Employment Arrangements’’ above for information
regarding vesting and exercisability of Mr. Chiasson’s awards upon his resignation as our CEO.
(14) 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. Chiasson’s Prior Plan grants, see ‘‘Employment
Arrangements’’ above for information regarding vesting and exercisability of Mr. Chiasson’s awards upon
his resignation as our CEO.
(15) Option vests over a four-year period in 48 equal monthly installments from the vesting commencement
date, which was March 1, 2010. With respect to Mr. Chiasson’s Prior Plan grants, see ‘‘Employment
Arrangements’’ above for information regarding vesting and exercisability of Mr. Chiasson’s awards upon
his resignation as our CEO.
(16) Option was granted under our Amended and Restated 2002 Non-employee Director Stock Award Plan.
The option vests over a three-year period in 36 equal monthly installments.
(17) Option was granted under our Amended and Restated 2002 Non-employee Director Stock Award Plan.
The option vests on the last day of the month prior to the company’s 2012 annual meeting of
shareholders.
(18) Represents 12,500 restricted stock units that vest at the rate of 25% of the shares subject to the award on
each of the four subsequent anniversaries of the grant date of January 15, 2008; 6,250 restricted stock
units that vest at the rate of 50% of the shares subject to the award one year from the vesting
commencement date, which was March 15, 2010, and in 12 equal monthly installments thereafter; and
75,000 restricted stock units that vest at the rate of 50% of the shares subject to the award on January 1,
2012 and in 12 equal monthly installments thereafter.
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