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The total intrinsic value of options exercised during the years ended December 31, 2011, 2010 and 2009 was $41.4 million, $13.2
million and $9.4 million, respectively.
The total fair value of options vested during the years ended December 31, 2011, 2010 and 2009 was $4.6 million, $8.8 million and
$7.4 million, respectively.
Cash received from options exercised under all share-
based payment arrangements for the years ended December 31, 2011, 2010 and
2009 was $7.1 million, $7.5 million and $2.7 million, respectively. The actual tax benefit realized for the tax deductions from option exercises
under the share-
based payment arrangements totaled $14.2 million, $1.5 million and $3.3 million, respectively, for the years ended December
31, 2011, 2010 and 2009.
At December 31, 2011, the exercise prices of options granted under and outside the 2007 Plan and the 1997 Plan ranged from $3.52 to
$34.73, with a weighted-
average remaining contractual life of 5.65 years. The following table summarizes information concerning outstanding
and exercisable options as of December 31, 2011:
At December 31, 2011, there were 2,037,090 additional shares underlying options, shares of restricted stock and other share-
based
awards available for grant under the 2007 Plan, and no additional shares available for grant under or outside of the 1997 Plan.
As of December 31, 2011, there was $9.0 million of total unrecognized compensation expense related to nonvested share-
based
compensation awards granted under the 2007 Plan and the 1997 Plan. That expense is expected to be recognized ratably over a weighted average
period of 2.45 years (i.e., the remaining requisite service period).
Fair Value Disclosure
j2 Global uses the Black-Scholes option pricing model to calculate the fair-
value of each option grant. The expected volatility is based
on historical volatility of j2 Global’s common stock. The Company elected to use the simplified method for estimating the
Options Outstanding
Exercisable Options
Range of
Exercise Prices
Number
Outstanding
December 31,
2011
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Number
Exercisable
December 31,
2011
Weighted
Average
Exercise
Price
3.52
–
9.55
306,766
1.64
$
7.70
306,766
$
7.70
11.43
–
15.65
22,476
4.18
14.11
14,476
14.31
17.19
394,317
7.18
17.19
47,097
17.19
18.77
256,116
3.67
18.77
256,116
18.77
20.15
–
21.67
291,425
6.80
21.09
129,592
21.03
21.88
–
24.61
211,036
7.07
22.89
86,468
22.70
25.93
–
29.34
290,059
7.41
28.32
85,220
28.41
31.07
–
33.51
284,500
6.02
32.68
201,600
32.89
33.54
16,000
0.03
33.54
16,000
33.54
34.73
15,000
5.56
34.73
12,000
34.73
$3.52
-
$34.73
2,087,695
5.65
$
20.99
1,155,335
$
19.80
-
55
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