Sirius XM Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Benefits Plans (Tables)

Benefits Plans (Tables)

6 Months Ended

Jun. 30, 2011

Fair value of options granted to employees

The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees and members of our board of directors:


	For the Three Months						For the Six Months
	Ended June 30,						Ended June 30,
	2011			2010			2011			2010
Risk-free interest rate		1.8	%		2.2	%		1.8	%		2.5	%
Expected life of options — years		5.25			5.11			5.25			5.06
Expected stock price volatility		56	%		86	%		56	%		85	%
Expected dividend yield		0	%		0	%		0	%		0	%

Stock options activity under share based payment plans

The following table summarizes stock option activity under our share-based payment plans for the six months ended June 30, 2011 (shares in thousands):


						Weighted-Average
						Remaining		Aggregate
				Weighted-Average		Contractual Term		Intrinsic
	Shares			Exercise Price		(Years)		Value
Outstanding, December 31, 2010		401,870		$	1.32
Granted		719		$	2.33
Exercised		(7,346	)	$	0.94
Forfeited, cancelled or expired		(17,613	)	$	4.30

Outstanding, June 30, 2011		377,630		$	1.19		6.14	$	495,613

Exercisable, June 30, 2011		113,277		$	2.42		4.67	$	90,035

Summary of nonvested restricted stock and restricted stock unit activity

The following table summarizes the nonvested restricted stock and restricted stock unit activity under our share-based payment plans for the six months ended June 30, 2011 (shares in thousands):


				Weighted-Average
				Grant Date
	Shares			Fair Value
Nonvested, December 31, 2010		2,397		$	2.57
Granted		—		$	—
Vested restricted stock awards		(1,854	)	$	3.30
Vested restricted stock units		(101	)	$	3.08
Forfeited		(21	)	$	3.05

Nonvested, June 30, 2011		421		$	1.46