Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Notes)

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Stockholders' Equity (Notes)
 12 Months Ended
Dec. 31, 2013
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
Note 9 - Stockholders’ Equity

Preferred Stock

Preferred stock is issuable, from time to time, with such designations, preferences and relative participating, optional or other rights, qualifications, limitations or restrictions thereof, as shall be stated and expressed in a resolution or resolutions providing for the issue of such preferred stock adopted by Starz’s board of directors. As of December 31, 2013, no shares of preferred stock were issued.

Common Stock

Series A common stock (formerly the Series A Liberty Capital common stock) has one vote per share and Series B common stock (formerly the Series B Liberty Capital common stock) has ten votes per share. Each share of the Series B common stock is exchangeable at the option of the holder for one share of Series A common stock. The Series A and Series B common stock participate on an equal basis with respect to dividends and distributions.

As of December 31, 2013, there were 18.8 million shares of Series A common stock reserved for issuance under the exercise privileges of outstanding stock options. In addition to the Series A and Series B common stock, there are 2.0 billion shares of Series C common stock (formerly the Series C Liberty Capital common stock) authorized for issuance.

Purchases of Common Stock

Shares of Series A common stock are subject to repurchase pursuant to a share repurchase program. Repurchased shares are retired and returned to the status of authorized and available for issuance. During the year ended December 31, 2013, Starz repurchased 11.5 million shares of Series A common stock for aggregate consideration, including fees, of $289.9 million. Starz has $110.4 million available under its share repurchase program as of December 31, 2013. On February 20, 2014, the Starz board of directors authorized an additional $400.0 million (total of $800.0 million) to repurchase Starz common stock.