iRobot 2008 Annual Report Download - page 117

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The table below summarizes stock option plan activity:
Number of
Shares Weighted Average
Exercise Price
Weighted Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value(1)
Outstanding at December 31,
2005 ..................... 3,271,484 $ 1.27
Granted..................... 700,245 21.82
Exercised ................... (384,827) 2.72
Canceled.................... (87,192) 16.18
Outstanding at December 30,
2006 ..................... 3,499,710 $ 8.34
Granted..................... 812,778 17.33
Exercised ................... (793,283) 1.75
Canceled.................... (273,117) 7.29
Outstanding at December 29,
2007 ..................... 3,246,088 $12.29
Granted..................... 1,007,660 14.58
Exercised ................... (289,970) 3.49
Canceled.................... (439,847) 15.71
Outstanding at December 27,
2008 ..................... 3,523,931 $13.24 5.67 years $6.6 million
Vested and expected to vest at
December 27, 2008 .......... 3,323,602 $13.13 5.64 years $6.5 million
Exercisable as of December 27,
2008 ..................... 1,549,518 $11.21 5.11 years $5.1 million
Weighted average fair value of
options granted during the fiscal
year ended December 27,
2008 ..................... $ 7.12
Options available for future grant
at December 27, 2008 ........ 1,537,701
(1) The aggregate intrinsic value on the table was calculated based upon the positive difference between the closing
market value of the Company’s stock on December 27, 2008 of $9.29 and the exercise price of the underlying
option.
During fiscal years 2008, 2007 and 2006, the total intrinsic value of stock options exercised was $3.2 million,
$11.7 million and $7.0 million, respectively. No amounts relating to stock-based compensation have been
capitalized.
69
iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Form 10-K