TiVo 2004 Annual Report Download - page 79

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The weighted average fair values of options granted, whose option price was less than the fair market value of the Company's common stock on the
grant date, during the fiscal years ended January 31, 2005 and 2004 were $2.98 and $3.40 per share, respectively. The fair values of options granted were
determined using the Black-Scholes option-pricing model. There were no stock options granted for any of the reporting periods where the exercise price
exceeded the fair market value of the Company's common stock on the grant date.
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