Table:
|  | Option Awards |  | Stock Awards (3) |  |
| --- | --- | --- | --- | --- |
| Name | Number of Shares Acquired on Exercise (#) | Value Realized on Exercise(1) ($) | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting(2) ($) |
| Mark J. Barrenechea | 135,208 | $2,801,023 | 65,820 | $7,625,905 |
| Madhu Ranganathan | — | $— | — | $— |
| Muhi Majzoub | 100,000 | $2,592,411 | 10,900 | $1,263,646 |
| Gordon A. Davies | — | $— | 12,840 | $1,486,870 |
| Simon Harrison | 26,504 | $714,495 | 8,980 | $346,808 |
Paragraphs:
Option Exercises and Stock Vested in Fiscal 2019
The following table sets forth certain details with respect to each of the Named Executive Officers concerning the exercise of stock options and vesting of stock in Fiscal 2019:
(1) “Value realized on exercise” is the excess of the market price, at date of exercise, of the shares underlying the options over the exercise price of the options.
(2) “Value realized on vesting” is the market price of the underlying Common Shares on the vesting date.
(3) Relates to the vesting of PSUs and RSUs under our Fiscal 2018 LTIP.
Question:
What is  “Value realized on exercise”?
Answer: the excess of the market price, at date of exercise, of the shares underlying the options over the exercise price of the options