Sprint - Nextel 2011 Annual Report Download - page 137

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Table of Contents
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
A summary of option activity (including the effects of the continued vesting for certain former employees and the Exchange Offer) from January 1, 2009 through
December 31, 2011 is presented below:
The intrinsic value of options exercised during the years ended December 31, 2011, 2010 and 2009 was $2.3 million, $10.5 million and $2.3 million, respectively.
At December 31, 2011, there was no aggregate intrinsic value for any options outstanding as the price of our Class A Common Stock was less than the option exercise
prices.
Information regarding stock options outstanding and exercisable as of December 31, 2011 is as follows:
F-70
Number of
Options
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
(Years)
Options outstanding — January 1, 2009 19,171,601 $ 14.21 6.36
Granted 7,075,000 4.30
Forfeited (4,084,112) 15.13
Exercised (624,758) 3.51
Options outstanding — December 31, 2009 21,537,731 $ 11.09 6.39
Granted 996,648 7.37
Forfeited (3,007,895) 12.79
Exercised (3,083,243) 4.44
Options outstanding — December 31, 2010 16,443,241 $ 11.80 5.69
Granted
—
—
Forfeited (10,701,871) 11.86
Exercised (1,180,619) 3.07
Options outstanding — December 31, 2011 4,560,751 $ 13.98 4.24
Vested and expected to vest — December 31, 2011 4,517,178 $ 14.06 4.21
Exercisable outstanding — December 31, 2011 4,054.664 $ 15.02 3.87
Options Outstanding Options Exercisable
Exercise Prices Number of
Options
Weighted
Average
Contractual
Life
Remaining
(Years)
Weighted
Average
Exercise Price Number of Options
Weighted
Average
Exercise
Price
$3.00 169,832 0.84 $ 3.00 169,832 $ 3.00
$3.03 748,250 6.55 3.03 548,250 3.03
$3.53 - $6.07 483,740 2.77 5.59 416,490 5.78
$6.11 - $11.03 492,258 5.88 8.32 276,824 9.21
$15.00 269,829 3.23 15.00 269,829 15.00
$17.11 497,350 2.63 17.11 473,947 17.11
$18.00 730,990 3.64 18.00 730,990 18.00
$23.30 446,600 4.87 23.30 446,600 23.30
$25.00 717,402 4.24 25.00 717,402 25.00
$25.01
4,500 5.49 25.01 4,500 25.01
Total
4,560,751 4.24 $ 13.98 4,054,664 $ 15.02