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Stock Options and Restricted Stock
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Jun. 30, 2014
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Options and Restricted Stock |
Stock Options and Restricted Stock
Starz has granted to certain of its employees and directors, stock options to purchase Series A common stock and restricted shares of Series A common stock pursuant to the Starz incentive plans. As of June 30, 2014, the total unrecognized compensation cost related to the unvested stock options and restricted stock was approximately $65.6 million. Such amount will be recognized in Starz’s condensed consolidated statements of operations over a weighted average period of approximately 2.51 years.
The following table presents the number and weighted average exercise price (“WAEP”) of stock options to purchase Starz common stock:
At June 30, 2014, the weighted-average remaining contractual term of outstanding options is 5.7 years and exercisable options is 4.6 years. At June 30, 2014, the aggregate intrinsic value of the outstanding options is $235.9 million and the exercisable options is $108.4 million.
The following table presents the number and weighted-average grant date fair value of restricted stock grants:
At June 30, 2014, 3.0 million of outstanding stock options and 0.7 million restricted shares were held by Liberty Media employees as a result of the LMC Spin-Off.
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