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10. James Meyer

President, Operations and Sales of Sirius XM Radio

Value of options vesting in fourth quarter 2011: $7.5 million
Base salary: $1.1 million
Cash bonus: $1.5 million

Meyer joined Sirius XM in May 2004 after leaving the consulting firm Aegis Ventures. At number 10 on this list, his $7.5 million in vested fourth-quarter options are still worth more than 36 times that of similar executives that Equilar analyzed (whose average fourth-quarter vested options were worth roughly $207,000).

Photo: Sirius.com