XM Radio 2014 Annual Report Download - page 45

2005; 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; and options granted
on July 26, 2013 at exercise price of $3.7550 vest in three annual installments from July 22,
2013. The RSUs granted to Mr. Greenstein vest on July 22, 2016.
(4) Outstanding equity awards for Mr. Donnelly vest as follows: options granted at an exercise price
of $5.66 vested in four equal annual installments from the date of grant on February 1, 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 $2.67 vested in three
equal annual installments from the date of grant on May 17, 2007; options granted at an
exercise price of $0.6235 vested in four equal annual installments from the date of grant on
August 31, 2009; and options granted at an exercise price of $3.70 vest in three equal annual
installments from the date of grant on January 10, 2014. The RSUs granted to Mr. Donnelly vest
on January 10, 2017.
(5) Outstanding equity awards for Mr. Frear vest as follows: options granted at an exercise price of
$6.56 vested in three equal annual installments from the date of grant on August 10, 2005;
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 $3.05 vested in three equal annual installments from the date of grant on
February 12, 2008; and options granted at an exercise price of $2.13 vest in four equal annual
installments from the date of grant on July 21, 2011.
(6) Outstanding equity awards for Mr. Rodriguez vest as follows: options granted at exercise price of
$2.87 vest in four equal installments from the date of grant of October 22, 2012; and options
granted at exercise price of $3.695 vest in in four equal installments from the date of grant of
August 15, 2013. The RSUs granted to Mr. Rodriguez vest on August 15, 2017.
All equity awards vest subject to the named executive officer’s continued employment though
the applicable vesting date and are subject to earlier vesting upon certain qualifying terminations of
employment and a change in control. See “Potential Payments or Benefits Upon Termination or
Change in Control.”
Option Exercises and Stock Vested in 2014
The following table provides information with respect to option exercises and restricted stock
and RSUs that vested during 2014.
Name
Number of
Shares Acquired
on Exercise
(#)
Value Realized
on Exercise
($)(1)
Number of
Shares Acquired
on Vesting
(#)
Value Realized
on Vesting
($)
Option Awards Stock Awards
Patrick L. Donnelly . . . . . . . . . . . . . . . . . 3,290,873 9,915,729 — —
David J. Frear . . . . . . . . . . . . . . . . . . . . . 6,561,200 10,025,448 — —
(1) Value realized on exercise is the amount equal to the difference between (a) the price on
NASDAQ of the stock acquired upon exercise on the exercise date less (b) the exercise price,
multiplied by the number of options exercised.
Non-Qualified Deferred Compensation and Pension Benefits
We do not offer non-qualified deferred compensation or pension benefits to our named
executive officers.
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