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

Benefit Plans (Tables)

Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2015

Compensation And Retirement Disclosure [Abstract]

Fair value of options granted to employees and members of our board of directors

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 Ended September 30,				For the Nine Months Ended September 30,
	2015		2014		2015		2014
Risk-free interest rate		1.4%		1.7%		1.4%		1.6%
Expected life of options — years	4.22		4.78		4.20		4.72
Expected stock price volatility		26%		33%		26%		33%
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 plans for the nine months ended September 30, 2015:

	Options			Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2014		267,854		$	2.72
Granted		99,545		$	3.92
Exercised		(39,485	)	$	1.70
Forfeited, cancelled or expired		(11,870	)	$	4.80
Outstanding as of September 30, 2015		316,044		$	3.14		7.63	$	216,110
Exercisable as of September 30, 2015		130,358		$	2.45		5.58	$	178,344

Summary of restricted stock unit and stock award activity

The following table summarizes the restricted stock unit and stock award activity under our share-based plans for the nine months ended September 30, 2015:

	Shares			Grant Date Fair Value Per Share
Nonvested as of December 31, 2014		11,575		$	3.47
Granted		8,447		$	3.91
Vested		(2,446	)	$	3.49
Forfeited		(617	)	$	3.59
Nonvested as of September 30, 2015		16,959		$	3.68