Sprint - Nextel 2014 Annual Report Download - page 185
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Table of Contents
Index to Consolidated Financial Statements
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —(CONTINUED)
F-102
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:
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
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.