Quarterly report pursuant to Section 13 or 15(d)

Stock Options and Long Term Incentive Plan (Tables)

v2.4.0.6
Stock Options and Long Term Incentive Plan (Tables)
 3 Months Ended
Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Historical Award Activity
Awards granted during the three months ended March 31, 2013 are summarized as follows:
 
Options
Granted
Weighted
Average Grant-Date Fair Value
2013 Awards:
 
 
Stock options
6,030,106
$7.61
Restricted stock
308,409
$18.93
Schedule of Share-based Compensation, Stock Options, Activity
The following table presents the number of options and weighted average exercise price (“WAEP”) for the activity during the three months ended March 31, 2013:
 
Options
 
WAEP
Outstanding at December 31, 2012
1,615,711

 
$
93.14

LMC Spin-Off adjustment to existing stock options
7,589,815

 
*

LMC Spin-Off adjustment for Liberty Media employees
3,527,791

 
$
12.78

Granted
6,030,106

 
$
18.93

Exercised
(139,599
)
 
$
10.21

Forfeited
(175,548
)
 
$
11.00

Expired/cancelled
—

 
$
—

Outstanding at March 31, 2013
18,448,276

 
$
14.25

 
 
 
 
Exercisable at March 31, 2013
2,070,012

 
$
11.64

 
 
 
 
* The adjustment to the existing stock options from the LMC Spin-Off increased the number of existing stock options and reduced the WAEP. After giving effect to the LMC Spin-Off, the WAEP for the existing stock options was $11.62.