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)

9 Months Ended

Sep. 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 Nine Months
	Ended September 30,						Ended September 30,
	2011			2010			2011			2010
Risk-free interest rate		1.1	%		1.5	%		1.1	%		1.7	%
Expected life of options — years		5.27			5.33			5.27			5.28
Expected stock price volatility		68	%		85	%		68	%		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 nine months ended September 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		77,451		$	1.80
Exercised		(9,965	)	$	0.91
Forfeited, cancelled or expired		(24,288	)	$	4.32

Outstanding, September 30, 2011		445,068		$	1.25		6.60	$	278,467

Exercisable, September 30, 2011		145,867		$	1.89		5.49	$	81,314

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 nine months ended September 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, September 30, 2011		421		$	1.46