Sprint - Nextel 2013 Annual Report Download - page 203

Table of Contents
Index to Consolidated Financial Statements
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — ( CONTINUED)
A summary of the RSU activity for the 190 day period ended
July 9, 2013 , and the years ended 2012 and 2011 is presented below:
As of July 9, 2013 , there were 29,902,490 RSUs outstanding and total unrecognized compensation cost of approximately $38.4 million , which is expected to
be recognized over a weighted
- average period of approximately 1.1 years.
Stock Options
We granted options to certain officers and employees under the 2008 Plan. All options generally vest over a four
- year period and expire no later than ten
years after the date of grant. The fair value of option grants was estimated on the date of grant using the Black
- Scholes option pricing model.
F - 82
Restricted Stock Units
Weighted-
Average
Grant Price
Fair Value (In Millions)
Future
Performance and
Service Required
Future Service
Required
Future
Performance and
Service Required
Future
Service
Required
Future
Performance and
Service Required
Future
Service
Required
Restricted stock units outstanding — January 1,
2011
—
14,675,653
$
—
$
5.99
Granted
—
10,300,239
—
4.06
$
—
$
44.9
Forfeited
—
( 7,985,495
)
—
5.46
Vested
—
( 6,240,674
)
—
5.54
$
—
$
24.1
Restricted stock units outstanding —
December 31, 2011
—
10,749,723
$
—
$
4.79
Granted
6,619,937
17,857,468
1.96
2.25
$
13.0
$
40.2
Forfeited
(208,102
)
(2,141,799
)
1.99
3.32
Vested
—
( 4,501,785
)
—
4.45
$
—
$
8.4
Restricted stock units outstanding —
December 31, 2012
6,411,835
21,963,607
$
1.96
$
2.83
Granted
—
11,637,901
—
3.19
$
—
$
37.1
Forfeited
(1,691,445
)
(506,235
)
1.96
7.77
Vested
—
( 7,913,173
)
—
2.72
$
—
$
26.0
Restricted stock units outstanding — July 9, 2013
4,720,390
25,182,100
$
1.96
$
3.03