TiVo 2011 Annual Report Download - page 89

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Table of Contents
Shares Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value
(in thousands) (in thousands)
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
Grants 551 9.66
Exercises (1,735) $ 6.51
Forfeitures or expirations (335) 8.34
Outstanding at January 31, 2012 11,149 $ 7.38 4.72 $ 34,022
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 $10.38 as
of January 31, 2012, 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 $6.4 million, $35.6 million, and $22.4 million for the twelve months ended January 31, 2012, 2011, and 2010, respectively.
The following table summarizes information about options outstanding at January 31, 2012:
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
$ 3.78 - $ 5.99 423,357 3.43 $ 4.50 423,252 $ 4.50
$ 6.04 - $ 6.17 24,408 4.79 $ 6.14 23,501 $ 6.14
$ 6.18 - $ 6.18 2,046,298 5.13 $ 6.18 2,046,298 $ 6.18
$ 6.23 - $ 6.50 89,650 4.61 $ 6.42 89,650 $ 6.42
$ 6.51 - $ 6.51 400,000 4.46 $ 6.51 400,000 $ 6.51
$ 6.52 - $ 6.52 2,000,834 3.41 $ 6.52 2,000,834 $ 6.52
$ 6.62 - $ 6.67 7,844 3.09 $ 6.64 7,156 $ 6.64
$ 6.71 - $ 7.32 1,158,951 3.66 $ 6.85 1,113,817 $ 6.84
$ 7.33 - $ 7.37 36,500 5.94 $ 7.35 7,312 $ 7.37
$ 7.38 - $ 7.41 555,202 5.18 $ 7.38 205,136 $ 7.38
$ 7.49 - $ 7.49 1,320,250 5.39 $ 7.49 378,570 $ 7.49
$ 7.50 - $ 8.94 1,617,788 5.86 $ 8.69 1,275,765 $ 8.78
$ 8.95 - $ 10.57 1,161,780 5.11 $ 9.69 455,611 $ 9.90
$ 10.66 - $ 18.17 305,666 5.29 $ 12.41 110,449 $ 12.93
Total 11,148,528 4.72 $ 7.38 8,537,351 $ 7.04
Net cash proceeds from the exercise of stock options were $11.3 million, $30.5 million, and $38.0 million for the twelve months ended January 31, 2012,
2011, and 2010, respectively. Information regarding stock options outstanding at January 31, 2012 is summarized as follows:
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