XM Radio 2010 Annual Report Download - page 41

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Grants of Plan-Based Awards in 2010
The following table provides information with respect to equity grants made during fiscal year 2010 to
the named executive officers.
Name Grant Date
All Other
Option Awards:
Number of Securities
Underlying Options
(#)(1)
Exercise or
Base Price of
Option Awards
($/Sh)(2)
Grant Date
Fair Value
of Stock and
Option Awards
($)(3)
Mel Karmazin ...................... — — — —
Scott A. Greenstein .................. — — — —
James E. Meyer ..................... — — — —
Dara F. Altman...................... 8/9/2010 1,052,300 1.0400 750,046
Patrick L. Donnelly .................. 1/14/2010 13,163,495 0.6669 6,000,000
David J. Frear ...................... 8/9/2010 2,244,800 1.0400 1,600,022
(1) All grants were made under the Sirius XM Radio Inc. 2009 Long-Term Stock Incentive Plan. The stock
option awards granted on August 9, 2010 vest in equal annual installments over four years from the date
of grant and have a term of ten years. The option award granted on January 14, 2010 to Mr. Donnelly in
connection with the extension of his employment agreement vests in four equal annual installments begin-
ning on January 14, 2011 and has a term of ten years.
(2) The exercise price of the options granted on August 9, 2010 are equal to the closing price of our common
stock on the date of grant. The exercise price of the options granted to Mr. Donnelly on January 14, 2010
is equal to the last sale price of our common stock prior to the execution on January 14, 2010 of the
employment agreement with Mr. Donnelly.
(3) The aggregate grant date fair value of stock option awards was computed in accordance with FASB ASC
Topic 718 (excluding estimated forfeitures). The assumptions used in the valuation are discussed in Note 13
to our audited consolidated financial statements in our Annual Report on Form 10-K for the year ended
December 31, 2010.
31