Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders Equity (Tables)

Stockholders Equity (Tables)

12 Months Ended

Dec. 31, 2011

Summary of warrants issued to purchase shares of common stock in connection with distribution, programming and satellite purchase agreements and certain debt issuances


	Average Exercise Price		Expiration Date	Number of Warrants Outstanding
				December 31,
(warrants in thousands)				2011		2010
NFL	$	2.50	March 2015		16,718		16,718
DaimlerChrysler AG		1.04	May 2012		—		16,500
Ford		3.00	October 2012		4,000		4,000
Lehman Warrants		15.00	March 2011 - April 2011		—		1,575
Space Systems/Loral		7.05	December 2011		—		1,840
Other distributors and programming providers		3.00	June 2014		1,788		1,788

Total					22,506		42,421

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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