XM Radio 2013 Annual Report Download - page 41

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(4) Mr. Rodriguez became an executive officer in August 2013 upon his promotion to Executive Vice President,
Operations and Products.
Grants of Plan-Based Awards in 2013
The following table provides information with respect to equity grants made during fiscal year 2013 to the
named executive officers.
Name Grant Date
All Other
Stock Awards:
Number of Shares
of Stock or Units
(#)(1)
All Other
Option Awards:
Number of Securities
Underlying Options
(#)(2)
Exercise or
Base Price of
Option Awards
($/Sh)(3)
Grant Date
Fair Value of
Stock and
Option Awards
($)(4)
James E. Meyer ........... 05/02/2013 — 10,128,894 3.3000 13,568,656
05/02/2013 984,848 — — 3,249,998
Scott A. Greenstein ........ 07/26/2013 — 5,499,340 3.7550 6,500,000
07/26/2013 266,312 — — 1,000,002
Stephen R. Cook .......... 08/15/2013 — 2,761,018 3.6950 4,400,000
08/15/2013 270,636 — — 1,000,000
Enrique Rodriguez ........ 08/15/2013 — 2,761,018 3.6950 4,400,000
08/15/2013 270,636 — — 1,000,000
(1) The restricted stock units granted to the named executive officers were in connection with the extension
and/or execution of new employment agreements by each of them. The restricted stock units granted to
Mr. Meyer will vest on October 30, 2015. The restricted stock units granted to Mr. Greenstein will vest on
July 22, 2016. The restricted stock units granted to Mr. Cook will vest on August 13, 2017. The restricted
stock units granted to Mr. Rodriguez will vest on August 15, 2017.
(2) All grants were made under the Plan. The stock option awards granted to Mr. Meyer vest on October 30,
2015 and have a term of ten years. The stock option awards granted to Mr. Greenstein vest in equal
installments on each of July 22, 2014, 2015 and 2016 and have a term of ten years. The stock option awards
granted to Mr. Cook vest in equal annual installments over four years from August 13, 2013 and have a term
of ten years. The stock option awards granted to Mr. Rodriguez vest in equal annual installments over four
years from August 15, 2013 and have a term of ten years. The options may be subject to earlier vesting upon
certain qualifying terminations of employment and a change of control transaction.
(3) The exercise price of the options granted to each of the named executive officers was equal to the closing
price of our common stock on the date of grant.
(4) The aggregate grant date fair value of stock option and restricted stock unit awards were computed in
accordance with FASB ASC Topic 718 (excluding estimated forfeitures). The assumptions used in the
valuation are discussed in Note 15 to our audited consolidated financial statements in our Annual Report on
Form 10-K for the year ended December 31, 2013.
33