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SIRI » Topics » OPTION GRANTS IN LAST FISCAL YEAR

This excerpt taken from the SIRI DEF 14A filed Apr 21, 2006.

OPTION GRANTS IN LAST FISCAL YEAR

                                Potential
Realizable Value
at Assumed
Annual Rates
of Stock Price
Appreciation
For Option Term
Name
   Number of
Securities
Underlying Options
Granted (#)
    % of Total
Options Granted
to Employees in
Fiscal Year
    Exercise
Price
($/Share)
    Market Price
on Date of
Grant
($/Share)
   Expiration
Date
   5% ($)
   10% ($)
Mel Karmazin      —      —    —    —      —        —        —  
Scott A. Greenstein      1,250,000      23.7    6.60    6.60      8/8/2015        5,188,381        13,148,375  
James E. Meyer      —      —    —    —      —        —        —  
Patrick L. Donnelly      —      —    —    —      —        —        —  
David J. Frear      700,000      13.3    6.61    6.61      8/10/2015        2,909,895        7,374,246  

                                           

      We have not granted any stock appreciation rights.

This excerpt taken from the SIRI DEF 14A filed Apr 20, 2005.

OPTION GRANTS IN LAST FISCAL YEAR

                                Potential
Realizable Value
at Assumed
Annual Rates
of Stock Price
Appreciation
Name
   Number of
Securities
Underlying Options
(#)
    % of Total
Options Granted
to Employees
    Exercise
Price
($/Share)
    Market Price
on Date of
Grant
($/Share)
   Expiration
Date
   5% ($)
   10% ($)

                                            
Mel Karmazin      30,000,000      66.8    4.72    4.72      11/17/2014        89,051,479        225,673,932  
Joseph P. Clayton      750,000      6.1    5.25    5.25      11/26/2014        2,476,273        6,275,361  
       2,000,000      —    4.72    4.72      11/18/2014        5,936,765        15,044,929  
Scott A. Greenstein      2,800,000      6.2    3.14    3.14      5/5/2014        5,529,242        14,012,184  
James E. Meyer      2,800,000      6.2    3.14    3.14      5/5/2014        5,529,242        14,012,184  
Patrick L. Donnelly      —      —    —    —      —        —        —  
David J. Frear      —      —    —    —      —        —        —  

                                            

      We have not granted any stock appreciation rights.

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 21, 2006
DEF 14A
Apr 20, 2005

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