Nautilus 2010 Annual Report Download - page 50

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Table of Contents
Aggregate intrinsic value in the above table represents the aggregate amount, for all options, by which closing share prices exceed the exercise
price of the stock options. This value will fluctuate in the future based on the fair market value of our common stock.
Stock option expense was $0.4 million and $0.9 million in 2010 and 2009 , respectively, primarily included in general and administrative
expense. The weighted average grant-date fair values of stock options granted during 2010 and 2009 were $1.89 and $1.03, respectively. As of
December 31, 2010
, the unamortized compensation expense for unvested stock options totaled approximately $0.6 million, which is expected to
be recognized over a weighted average period of 2.0 years.
Following is a summary of stock options outstanding as of December 31, 2010 (in thousands, except contractual life and exercise price):
Restricted Stock Awards
No restricted stock award activity occurred in the year ended December 31, 2010. Following is a summary of restricted stock award activity in
the year ended December 31, 2009 (in thousands, except fair value per share):
48
Total
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual Life
(in years)
Aggregate
Intrinsic
Value
($000s)
Options outstanding, January 1, 2009
2,011
$
10.70
Granted
65
1.63
Forfeited, cancelled or expired
(662
)
10.24
Exercised —
—
Options outstanding, December 31, 2009
1,414
10.50
4.24
$
26
Vested and expected to vest, as of December 31, 2009
1,266
11.18
4.10
16
Options outstanding, January 1, 2010
1,414
10.50
Granted
258
2.73
Forfeited, cancelled or expired
(472
)
10.34
Exercised —
—
Options outstanding, December 31, 2010
1,200
8.80
4.27
22
Vested and expected to vest, as of December 31, 2010
1,171
8.88
4.28
22
Options Outstanding Options Exercisable
Range of Exercise Prices Number
Outstanding
Weighted
Average
Remaining
Contractual
Life (Years)
Weighted-
Average
Exercise
Price
Number of
Options
Exercisable
Weighted-
Average
Exercise
Price
$0.95 - $2.99
417
5.84
$
2.45
44
$
2.04
$3.40 - $4.15
240
4.11
4.13
159
4.14
$4.50 - $15.66
299
3.18
12.21
261
12.95
$16.10 - $26.77
232
3.19
19.63
208
20.03
$27.72 - $27.72
12
1.47
27.72
12
27.72
$0.95 - $27.72
1,200
4.27
8.80
684
12.62
Number
of
Shares
Weighted Average
Grant Date Fair
Value per Share
Awards outstanding, January 1, 2009
144
$
9.23
Vested
(130
)
9.23
Forfeited
(14
)
9.23
Awards outstanding, December 31, 2009
—
—