XM Radio 2008 Annual Report Download - page 137

Download and view the complete annual report

Please find page 137 of the 2008 XM Radio annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

Outstanding Equity Awards at Fiscal Year-End 2008
The following table provides information with respect to the status at December 31, 2008 of all
unexercised options and unvested restricted stock and restricted stock units awarded to each of the named
executive officers.
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Equity
Incentive Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or Units
of Stock that
have not
Vested
(#)(6)
Market Value
of Shares or
Units of Stock
that have not
Vested
($)(7)
Equity Incentive
Plan Awards:
Number of
Unearned
Shares, Units or
Other Rights
that have not
Vested
(#)
Equity
Incentive
Plan Awards:
Market or
Payout Value
of Unearned
Shares, Units
or Other
Rights that
have not
Vested
($)
Option Awards Stock Awards
Mel Karmazin(1) . ..... 24,000,000 6,000,000 4.72 11/17/2014 600,000 72,000
Scott A. Greenstein(2) . . 1,000,000 3.14 5/5/2014 153,311 18,398
1,250,000 6.60 8/8/2015
108,750 326,250 3.70 2/1/2017
607,000 2.87 1/23/2018
James E. Meyer(3) ..... 50,000 6.75 12/14/2011 178,572 21,429
66,666 1.04 8/11/2013
675,000 675,000 5.54 2/2/2016
128,000 384,000 3.70 2/12/2007
707,000 2.87 1/23/2018
Dara F. Altman(4) ..... 130,331 15,640
— 23,000 2,760
— 92,000 11,040
— 214,666 25,760
— 257,600 30,912
Patrick L. Donnelly(5) . . 400,000 7.50 5/1/2011 104,530 12,544
100,000 7.61 5/1/2011 183,334 22,000
16,666 1.04 8/11/2013
60,000 60,000 5.71 2/1/2016
64,000 192,000 3.70 2/1/2017
483,333 966,667 2.72 5/17/2017
David J. Frear(6) . ..... 1,150,000 1.85 8/11/2013 121,952 14,634
700,000 6.61 8/10/2015 300,000 36,000
76,750 230,250 3.70 2/1/2017
483,000 2.87 1/23/2018
— 1,500,000 3.10 2/12/2018
(1) Outstanding equity awards for Mr. Karmazin vest in five equal annual installments from the date of grant
on November 18, 2004.
(2) Outstanding equity awards for Mr. Greenstein vest as follows: options granted at an exercise price of $3.14
vested immediately on the date of grant on May 5, 2004; options granted at an exercise price of $6.60 vested
in three equal annual installments from the date of grant on August 8, 2005; options granted at an exercise
price of $3.70 vest in four equal annual installments from the date of grant on February 1, 2007; options
granted at an exercise price of $2.87 vest in four equal annual installments from the date of grant on
January 23, 2008; and 153,311 restricted stock units vested on February 20, 2009.
(3) Outstanding equity awards for Mr. Meyer vest as follows: options granted at an exercise price of $6.75
vested 50% on the date of grant on December 14, 2001 and 25% per year thereafter; options granted at an
exercise price of $1.04 vested in three equal annual installments on July 1, 2004, July 1, 2005 and July 1,
2006; options granted at an exercise price of $5.54 vest in four equal annual installments from the date of
grant on February 2, 2006; options granted at an exercise price of $3.70 vest in four equal annual
25