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SIRI » Topics » Value of Stock Awards and Option Awards v. FAS 123R Expense (supplemental table)

This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009.
Value of Stock Awards and Option Awards v. FAS 123R Expense (supplemental table)
 
                                 
    Value of Stock Awards   Value of Option Awards
    Market Value as of
 		  2008 Expense as per
 		  Market Value as of
 		  Expense as per
    12/31/08   SFAS No. 123R   12/31/08   SFAS No. 123R
 
Mel Karmazin
    72,000       2,832,000       —       24,118,312  
James E. Meyer
    21,429       272,125       —       1,473,309  
Scott A. Greenstein
    18,398       233,853       —       1,903,228  
Dara F. Altman
    86,112       198,473       —       —  
Patrick L. Donnelly
    34,544       405,135       —       888,476  
David J. Frear
    50,634       701,985       —       2,027,195  
 
Based on a closing stock price of $0.12 on December 31, 2008. The closing price of our common stock on April 28, 2009 was $0.39.
 
(4) Represents matching and profit sharing contributions by us under our 401(k) savings plan. The profit sharing contribution was $0 in 2008 for each of Messrs. Karmazin, Greenstein, Meyer, Donnelly and Frear. The matching contributions were paid in the form of shares of our common stock. All other compensation for Mr. Meyer also includes amounts reimbursed for temporary living and travel expenses. In 2008, Mr. Meyer was paid $55,000 for rent, $28,571 for travel, $3,905 for utilities, and $58,591 for reimbursement of taxes associated with these expenditures in accordance with his employment agreement. Travel-related expenses include airfare, taxi/car services, and other incidental travel-related costs which are reimbursed based on receipts.
 
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