XM Radio 2010 Annual Report Download - page 123
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The following table summarizes stock option activity under our share-based payment plans for the years ended
December 31, 2010, 2009 and 2008 (shares in thousands):
Shares
Weighted-
Average
Exercise
Price
Weighted-Average
Remaining
Contractual Term
(Years)
Aggregate
Intrinsic
Value
Outstanding, January 1, 2008 ............. 79,600 $5.38
Options exchanged for outstanding XM
Holdings options ................... 67,711 $4.09
Granted ........................... 24,358 $2.12
Exercised .......................... (117) $1.74
Forfeited, cancelled or expired .......... (6,116) $4.09
Outstanding, December 31, 2008........... 165,436 $4.42
Granted ........................... 265,761 $0.53
Exercised .......................... — $ —
Forfeited, cancelled or expired .......... (66,405) $5.21
Outstanding, December 31, 2009........... 364,792 $1.44
Granted ........................... 71,179 $0.97
Exercised .......................... (19,360) $0.56
Forfeited, cancelled or expired .......... (14,741) $3.58
Outstanding, December 31, 2010........... 401,870 $1.32 6.45 $327,294
Exercisable, December 31, 2010 ........... 123,479 $2.68 4.52 $ 59,739
The weighted average grant date fair value of options granted during the years ended December 31, 2010, 2009
and 2008 was $0.67, $0.36 and $1.27, respectively. The total intrinsic value of stock options exercised during the
years ended December 31, 2010, 2009 and 2008 was $13,261, $0 and $127.
We recognized share-based payment expense associated with stock options of $44,833, $46,080 and $49,148
for the years ended December 31, 2010, 2009 and 2008, respectively.
F-35
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)