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Table of Contents
The following table summarizes option activity under the Plan:
In addition to stock options issued from the Plan, as of December 31, 2010, 2009 and 2008, were 66,666 stock options that we had
previously granted to non-employees outside of the Plan. These non-employee options outstanding had a weighted average exercise price of
$1.80 as of each year end.
Additional information regarding all stock options outstanding and exercisable as of December 31, 2010 is summarized below:
131
Outstanding Options
Shares
Available for
Grant
Number of
Options
Weighted
Average
Exercise
Price
Balance, December 31, 2007
741,359
4,279,646
$
1.23
Repurchased restricted stock
125,082
—
0.67
Granted
(1,445,756
)
1,445,756
2.70
Exercised
—
(
733,604
)
0.37
Canceled
2,129,374
(2,129,374
)
1.64
Balance, December 31, 2008
1,550,059
2,862,424
1.88
Additional options reserved
8,366,666
—
—
Repurchased restricted stock
4,836
—
0.90
Granted
(10,275,974
)
10,275,974
5.98
Exercised
—
(
195,264
)
1.19
Canceled
1,369,100
(1,369,100
)
2.70
Balance, December 31,2009
1,014,687
11,574,034
5.44
Additional options reserved
11,269,286
—
—
Repurchased restricted stock
9,170
—
0.90
Granted
(3,328,705
)
3,328,705
17.96
Exercised
—
(
721,080
)
1.84
Canceled
443,537
(443,537
)
6.61
Balance, December 31, 2010
9,407,975
13,738,122
8.62
Options Outstanding
Options Exercisable
Range of Exercise Price
Number
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (in
years)
Number
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (in
years)
$0.15
-
$2.10
517,493
$
1.31
463,216
$
1.23
$2.70
-
$2.70
1,568,473
2.70
772,729
2.70
$2.94
-
$6.15
549,642
4.99
180,599
4.80
$6.63
-
$6.63
7,943,740
6.63
2,050,354
6.63
$9.96
-
$13.23
627,112
11.24
18,245
11.10
$14.17
-
$14.17
1,090,915
14.17
14,987
14.17
$20.24
-
$20.24
216,614
20.24
3,084
20.24
$20.72
-
$20.72
564,752
20.72
4,446
20.72
$24.98
-
$24.98
455,580
24.98
369
24.98
$30.55
-
$30.55
270,467
30.55
1,250
30.55
13,804,788
8.59
6.06
3,506,279
5.05
5.19