XM Radio 2008 Annual Report Download - page 138

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 178,572 restricted stock
units vested on February 20, 2009.
(4) Outstanding equity awards for Ms. Altman vest as follows: 130,331 restricted stock awards vested on
January 3, 2009; 23,000 restricted stock awards vested on March 14, 2009; 92,000 restricted stock awards
will vest on December 15, 2009; for the 214,666 restricted stock awards, 107,333 vest on May 25, 2009
and 107,333 vest on May 25, 2010; and 257,600 vest in three equal annual installments from the date of
grant on May 1, 2008.
(5) Outstanding equity awards for Mr. Donnelly vest as follows: options granted at an exercise price of $7.50
vested 41.25% on the date of grant on May 1, 2001, 19.75% on October 15, 2001, 19.5% on April 15,
2002 and 19.5% on October 15, 2002; options granted at an exercise price of $7.61 vested immediately on
the date of grant on May 1, 2001; 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
$5.71 vest in four equal annual installments from the date of grant on February 1, 2006; 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 $2.72 vest in three equal annual installments from the date of
grant on May 17, 2007; 104,530 restricted stock units vested on February 20, 2009; and for the 183,334
restricted stock units, 91,666 vest on May 17, 2009 and 91,668 vest on May 17, 2010.
(6) Outstanding equity awards for Mr. Frear vest as follows: options granted at an exercise price of $1.85
vested either in three equal annual installments on July 1, 2004, July 1, 2005, and July 1, 2006, on
March 15, 2004 as a result of the satisfaction of performance targets for the year ended December 31,
2003, or on March 15, 2005 as a result of the satisfaction of performance targets for the year ended
December 31, 2004; options granted at an exercise price of $6.61 vested in three equal annual installments
from the date of grant on August 10, 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; options granted at
an exercise price of $3.10 vest in three equal annual installments from the date of grant on February 12,
2008; 300,000 restricted stock units vest in three equal annual installments from the date of grant on
February 12, 2008; and 121,952 restricted stock units vested on February 20, 2009.
(7) Vesting and payment of all restricted stock units reflected above will be accelerated upon the death of the
executive officer or upon a triggering event following a change in control, as defined under our stock
incentive plans, or upon the occurrence of an event that triggers immediate vesting of the outstanding
awards under the executive’s employment agreement.
(8) Amount is based on the closing price of our common stock of $0.12 on December 31, 2008.
Option Exercises and Stock Vested in 2008
The following table provides information with respect to option exercises and restricted stock and
restricted stock units that vested during 2008.
Name
Number of
Shares Acquired
on Exercise
(#)
Value Realized
on Exercise
($)
Number of Shares
Acquired on
Vesting
(#)
Value Realized
on Vesting
($)
Option Awards Stock Awards
Mel Karmazin .............. — — 600,000 138,000
Scott A. Greenstein .......... — — 108,109 335,138
James E. Meyer ............. — — 125,000 387,500
Dara F. Altman (1) ........... — — 92,000 13,175
Patrick L. Donnelly .......... — — 152,477 437,846
David J. Frear .............. — — 370,946 1,038,933
(1) Information for Ms. Altman is included for the period after September 26, 2008, the date she became an
employee.
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