iRobot 2012 Annual Report Download - page 106

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iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
56
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 January 2, 2010 3,396,628
$ 11.77
Granted 1,058,323
16.65
Exercised (667,348 ) 9.87
Canceled (130,568 ) 15.21
Outstanding at January 1, 2011 3,657,035
$ 13.40
Granted 349,650
33.27
Exercised (1,232,721 ) 10.87
Canceled (212,672 ) 15.37
Outstanding at December 31, 2011 2,561,292
$ 17.17
Granted 547,948
19.70
Exercised (390,956 ) 11.07
Canceled (214,617 ) 21.91
Outstanding at December 29, 2012 2,503,667
$ 18.27
4.17 years $8.4 million
Vested and expected to vest at December 29, 2012 2,404,726
$ 18.14
4.08 years $8.2 million
Exercisable as of December 29, 2012 1,491,878
$ 16.55
3.00 years $5.8 million
Weighted average fair value of options granted
during the fiscal year ended December 29, 2012 $ 13.23
Options available for future grant at December 29,
2012 3,108,842
_________________________
(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 29, 2012 of $18.59 and the exercise price of the underlying option.
During fiscal years 2012, 2011, and 2010, the total intrinsic value of stock options exercised was $6.2 million, $25.4
million and $7.5 million, respectively. No amounts relating to stock-based compensation have been capitalized.