TiVo 2007 Annual Report Download - page 80

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Table of Contents
The following table summarizes information about options outstanding at January 31, 2008:
Options Outstanding Exercisable Options
Range of Exercise
Prices Number of Shares
Weighted Average
Remaining
Contractual Life
Weighted Average
Exercise Price Number of Shares
Weighted Average
Exercise Prices
$ 0.45 - $ 4.14 2,423,421 5.95 $ 3.76 1,833,555 $ 3.72
$ 4.15 - $ 6.02 2,575,280 6.60 $ 5.41 1,543,733 $ 5.30
$ 6.03 - $ 6.18 5,414,896 8.96 $ 6.18 926,145 $ 6.18
$ 6.19 - $ 6.50 2,351,033 3.64 $ 6.37 1,458,735 $ 6.42
$ 6.51 - $ 6.52 2,459,000 7.60 $ 6.52 1,277,998 $ 6.52
$ 6.53 - $ 6.74 2,237,677 7.80 $ 6.70 1,147,590 $ 6.70
$ 6.75 - $ 7.93 2,220,106 7.21 $ 7.19 1,376,190 $ 7.23
$ 7.94 - $15.88 1,332,757 4.53 $ 9.83 1,262,879 $ 9.91
$15.89 - $21.00 941,250 2.35 $ 19.60 941,250 $ 19.60
$21.01 - $35.75 106,750 2.16 $ 22.99 106,750 $ 22.99
Total 22,062,170 6.76 $ 6.91 11,874,825 $ 7.54
Net cash proceeds from the exercise of stock options were $7.1 million, $9.1 million, and $7.0 million for the twelve months ended January 31, 2008,
2007, and 2006, respectively. Information regarding stock options outstanding at January 31, 2008 is summarized as follows:
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(In thousands) (In thousands)
Shares outstanding 22,062 $ 6.91 6.76 $ 54,245
Shares vested and expected to vest* 20,758 $ 6.96 6.68 $ 50,890
Shares exercisable 11,875 $ 7.54 5.66 $ 27,895
* Options outstanding that are expected to vest are net of estimated future option forfeitures in accordance with the provisions of SFAS No. 123R
Restricted Stock Awards
The Company had 902,203 restricted stock awards outstanding as of January 31, 2008, which were excluded from the options outstanding balances in
the preceding tables. The total aggregate grant date fair value was $5.8 million. Aggregate intrinsic value of restricted stock awards at January 31, 2008 was
$8.0 million based on the Company's closing stock price on January 31, 2008. Approximately 176,000, 227,000, and 9,000 of the previously granted restricted
stock awards vested during the twelve months ended January 31, 2008, 2007, and 2006, respectively. The grant of these restricted stock awards has been
deducted from the shares available for grant under the Company's stock option plans. The total fair value of restricted stock awards vested was $1.2 million,
$1.3 million, and $95,000 for the twelve months ended January 31, 2008, 2007, and 2006, respectively.
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