iRobot 2015 Annual Report Download - page 148

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iROBOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
65
The table below summarizes stock option plan activity:
Number of
Shares
Weighted Average
Exercise Price
Weighted Average
Remaining
Contractual Term
Aggregate
Intrinsic
Val ue
(
1
)
Outstanding at December 29, 2012 2,503,667 $18.27
Granted 293,325 24.60
Exercised (840,951)16.21
Canceled (185,666) 22.16
Outstanding at December 28, 2013 1,770,375 $19.89
Granted 233,181 37.10
Exercised (486,252)18.39
Canceled (43,984) 27.17
Outstanding at December 27, 2014 1,473,320 $22.89
Granted 323,104 32.58
Exercised (390,085)16.57
Canceled (118,789) 28.41
Outstanding at January 2, 2016 1,287,550 $26.73 4.00 years $11.6 million
Vested and expected to vest at January 2, 2016 1,230,537 $ 26.45 3.90 years $11.4 million
Exercisable as of January 2, 2016 768,184 $23.18 2.74 years $9.6 million
Weighted average fair value of options granted
during the fiscal year ended January 2, 2016 $ 13.21
_________________________
(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 January 2, 2016 of $35.40 and the exercise price of the underlying option.
During fiscal years 2015, 2014, and 2013, the total intrinsic value of stock options exercised was $5.9 million, $10.5
million and $12.1 million, respectively. No amounts relating to stock-based compensation have been capitalized.
The following table summarizes information about stock options outstanding at January 2, 2016:
Options Outstanding Options Exercisable
Range of Exercise Prices Number
Outstanding
Weighted Average
Remaining
C
ontractual Life
Weighted Average
Exercise Price
Number
Exercisable Weighted Average
Exercise Price
$ 3.54 - $ 13.46 81,723 2.88 years $7.97 78,713 $ 8.09
14.52 - 14.52 144,017 1.25 14.52 144,017 14.52
17.70 - 21.23 82,171 1.61 18.44 73,194 18.41
22.86 - 22.86 166,757 4.10 22.86 112,252 22.86
24.53 - 26.59 167,468 2.85 25.75 153,635 25.71
29.60 - 32.38 162,225 6.51 31.04 1,500 31.22
33.29 - 33.48 159,940 3.27 33.42 125,453 33.46
33.72 - 34.30 168,599 6.24 34.13 12,671 33.72
34.67 - 37.08 107,648 5.34 35.83 44,991 35.66
43.35 - 43.35 47,002 4.95 43.35 21,758 43.35
$ 3.54 - $43.35 1,287,550 4.00 years $26.73 768,184 $ 23.18
Options available for future grant at January 2, 2016 2,484,296