TiVo 2010 Annual Report Download - page 37

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In the event of a change in control of the Company and subsequent termination of certain employees, 25% to 100% of unvested awards would be subject
to acceleration as of the date of such termination.
Stock Options Activity
A summary of the stock options activity and related information for the twelve months ended January 31, 2011, 2010, and 2009 is as follows:
Shares Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value
(in thousands) (in thousands)
Outstanding at January 31, 2008 22,062 $ 6.91 6.76 $ 54,245
Grants 2,258 8.65
Exercises (1,774) 5.21
Forfeitures or expirations (1,479) 7.17
Outstanding at January 31, 2009 21,067 $ 7.22 6.23 $ 18,453
Grants 403 9.71
Exercises (6,195) 6.13
Forfeitures or expirations (356) 8.50
Outstanding at January 31, 2010 14,919 $ 7.71 5.60 $ 31,216
Grants 3,144 8.23
Exercises (4,319) 7.05
Forfeitures or expirations (1,076) 18.06
Outstanding at January 31, 2011 12,668 $ 7.19 5.54 $ 32,453
The aggregate intrinsic value in the preceding table is based on options with an exercise price less than the Company’s closing stock price of $9.67 as of
January 31, 2011, which would have been received by the option holders had those option holders exercised their options as of that date. Total intrinsic value
of options exercised was $35.6 million, $22.4 million, and $5.3 million for the twelve months ended January 31, 2011, 2010, and 2009, respectively.
The following table summarizes information about options outstanding at January 31, 2011:
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
$ 2.67 - $ 5.97 704,555 3.71 $ 4.46 682,243 $ 4.42
$ 5.98 - $ 6.18 2,772,969 6.01 $ 6.18 2,014,839 $ 6.17
$ 6.23 - $ 6.51 613,444 4.73 $ 6.46 609,372 $ 6.46
$ 6.52 - $ 6.52 2,000,834 4.41 $ 6.52 2,000,834 $ 6.52
$ 6.53 - $ 7.18 1,313,786 4.62 $ 6.80 1,224,308 $ 6.79
$ 7.22 - $ 7.41 809,878 6.07 $ 7.36 193,394 $ 7.33
$ 7.49 - $ 7.49 1,415,000 6.39 $ 7.49 96,865 $ 7.49
$ 7.50 - $ 8.94 1,917,142 6.73 $ 8.67 887,998 $ 8.68
$ 8.95 - $ 17.16 1,108,176 5.60 $ 10.33 368,265 $ 10.25
$ 18.17 - $ 18.17 12,000 6.22 $ 18.17 — $ —
Total 12,667,784 5.54 $ 7.19 8,078,118 $ 6.73
Net cash proceeds from the exercise of stock options were $30.5 million, $38.0 million, and $9.2 million for the twelve months ended January 31, 2011,
2010, and 2009, respectively. Information regarding stock options outstanding at January 31, 2011 is summarized as follows:
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