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Table of Contents
programs. Column (d) sets forth the maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs.
Period
(a)
Total Number
of Shares
(or Units)
Purchased
(b)
Average
Price Paid
per Share or
Unit
(c)
Total Number of
Shares
(or Units)
Purchased as
Part of Publicly
Announced Plans
or Programs
(d)
Maximum Number
(or
Approximate Dollar
Value)
of Shares (or Units)
that
May Yet Be
Purchased
Under the Plans
or Programs
October 1, 2010 to
October 31, 2010 1,496 $ 16.80 — $ —
November 1, 2010 to
November 30, 2010 — — — —
December 1, 2010 to
December 31, 2010 — — — —
Total 1,496(1) — $ —
Represents 294 shares withheld for minimum tax withholding purposes upon the vesting of a portion of certain restricted stock unit
grants and 1,202 shares repurchased as part of our Rescission Offer.
(1)
Stock based compensation
Stock options
Our board of directors adopted the 2005 Equity Incentive Plan (the "Plan"), in April 2005. Under this Plan, the Board of Directors may issue incentive
stock options to our employees and directors and non-qualified stock options to our consultants, as well as other types of awards under the 2005 Equity
Incentive Plan. Options granted under these Plans generally expire at the end of ten years and vest on a straight line basis in accordance with a vesting
schedule determined by our Board of Directors, usually over four years from the grant date. As of December 31, 2010, 1.1 million shares of stock based
awards were available for future grants under the 2005 Equity Incentive Plan.
The following is a summary of stock option activity (amounts in thousands, except per share data):
2010 2009 2008
Shares
Weighted
Average
Exercise
Price Shares
Weighted
Average
Exercise
Price Shares
Weighted
Average
Exercise
Price
Outstanding—
beginning of year 721 $ 20.29 974 $ 21.27 1,161 $ 20.48
Granted at fair
value — — — — 11 14.14
Exercised (90) 17.05 (2) 15.82 (112) 12.96
Expired/
Forfeited (135) 30.41 (251) 24.12 (86) 20.45
Outstanding—end of
year 496 $ 18.09 721 $ 20.29 974 $ 21.27
Options exercisable at
year-end 472 $ 18.08 543 $ 21.17 609 $ 23.18
Stock options vest over four years at 28% at the end of the first year and 2% each month thereafter. During the years ended December 31, 2010, 2009
and 2008, we recorded stock based compensation related to stock options of $1.6 million, $2.2 million and $3.3 million, respectively.
Restricted stock units activity
During the years ended December 31, 2010, 2009 and 2008, we granted 302,000, 366,000 and 491,000 restricted stock units, respectively. The cost of
restricted stock units is determined using the
39