XM Radio 2014 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2014 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 149

  • 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

Outstanding Equity Awards at Fiscal Year-End 2014
The following table provides information with respect to the status at December 31, 2014 of all
unvested RSUs and exercisable and unexercisable stock options awarded to each of the named
executive officers.
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or
Units that
have not
Vested
#
Market Value of
Shares or Units
of Stock that
have not
Vested(1)
$
Option Awards Stock Awards
James E. Meyer(2) . . . . . . . . . . 1,350,000 — 5.49 2/2/2016 — —
512,000 — 3.65 2/1/2017 — —
707,000 — 2.82 1/23/2018 — —
830,500 — 0.6235 8/31/2019 — —
6,296,246 — 0.5252 10/14/2019 — —
— 10,128,894 3.30 5/02/2023 — —
— — — — 984,848 3,446,968
Scott A. Greenstein(3). . . . . . . 1,250,000 — 6.552 8/8/2015 — —
435,000 — 3.65 2/1/2017 — —
607,000 — 2.82 1/23/2018 — —
1,833,114 3,666,226 3.755 7/25/2023 — —
— — — — 266,312 932,092
Patrick L. Donnelly(4) . . . . . . . 120,000 — 5.66 2/1/2016 — —
256,000 — 3.65 2/1/2017 — —
1,450,000 — 2.67 5/17/2017 — —
553,750 — 0.6235 8/31/2019 — —
— 3,671,045 3.70 1/10/2024 — —
— — — — 270,270 945,945
David J. Frear(5) . . . . . . . . . . . . 700,000 — 6.56 8/10/2015 — —
307,000 — 3.65 2/1/2017 — —
483,000 — 2.82 1/23/2018 — —
1,500,000 — 3.05 2/12/2018 — —
4,000,000 4,000,000 2.13 7/21/2021 — —
Enrique Rodriguez(6) . . . . . . . . 425,000 425,000 2.87 10/22/2022 — —
690,255 2,070,763 3.695 08/14/2023 — —
— — — — 270,636 947,226
(1) Amounts under “Market Value of Shares or Units of Stock that have not Vested” were calculated
based on the closing price on NASDAQ of our common stock on December 31, 2014 of $3.50.
The RSUs are valued at (a) the closing price of the stock at December 31, 2014 multiplied by
(b) the number of RSUs that have not vested.
(2) Outstanding equity awards for Mr. Meyer vest as follows: options granted at an exercise price of
$5.49 vested in four equal annual installments from the date of grant on February 2, 2006;
options granted at an exercise price of $3.65 vested in four equal annual installments from the
date of grant on February 1, 2007; options granted at an exercise price of $2.82 vested in four
equal annual installments from the date of grant on January 23, 2008; options granted at an
exercise price of $0.6235 vested in four equal annual installments from the date of grant on
August 31, 2009; options granted at an exercise price of $0.5252 vested in four equal annual
installments from the date of grant on October 14, 2009; and options granted at an exercise
price of $3.30 vest on October 30, 2015. The RSUs granted to Mr. Meyer vest on October 30,
2015.
(3) Outstanding equity awards for Mr. Greenstein vest as follows: options granted at an exercise
price of $6.552 vested in three equal annual installments from the date of grant on August 8,
37