FelCor Stock Based Compensation Plans

12 Months Ended

Dec. 31, 2011

FelCor Stock Based Compensation Plans [Abstract]

FelCor Stock Based Compensation Plans [Text Block]

FelCor Stock Based Compensation Plans

FelCor sponsors one restricted stock and stock option plan, or the Plan.  FelCor is authorized to issue up to 6,000,000 shares of common stock under the Plan pursuant to awards granted in the form of incentive stock options, non-qualified stock options, and restricted stock.  Stock grants vest either over three to five years in equal annual installments or over a four year schedule, subject to time-based and performance-based vesting.  There were 3,287,856 shares available for grant under the Plan at December 31, 2011.

FelCor Stock Options

A summary of the status of FelCor's non-qualified stock options granted as of December 31, 2011, 2010 and 2009, and the changes during these years, is presented in the following table:

	2011				2010				2009
	Shares of Underlying Options		Weighted Average Exercise Prices		Shares of Underlying Options		Weighted Average Exercise Prices		Shares of Underlying Options	Weighted Average Exercise Prices
Outstanding at beginning of the year	15,000		$	15.62	40,000		$	18.05	40,000	$	18.05
Forfeited or expired	(15,000	)	$	15.62	(25,000	)	$	19.50	—	$	—
Outstanding at end of year	—		$	—	15,000		$	15.62	40,000	$	18.05
Exercisable at end of year	—		$	—	15,000		$	15.62	40,000	$	18.05

20. FelCor Stock Based Compensation Plans — (continued)

FelCor Restricted Stock

A summary of the status of FelCor's restricted stock grants as of December 31, 2011, 2010 and 2009, and the changes during these years is presented below:

	2011				2010				2009
	Shares		Weighted Average Fair Market Value at Grant		Shares		Weighted Average Fair Market Value at Grant		Shares		Weighted Average Fair Market Value at Grant
Outstanding at beginning of the year	4,200,089		$	10.69	4,255,187		$	10.90	2,829,330		$	15.20
Granted:
With immediate vesting(a)	95,000		$	5.85	16,166		$	4.21	16,000		$	1.01
With 3-year pro rata vesting	—		$	—	—		$	—	1,444,810		$	2.64
Forfeited	(4,771	)	$	12.20	(71,264	)	$	21.71	(34,953	)	$	12.52
Outstanding at end of year	4,290,318		$	10.58	4,200,089		$	10.69	4,255,187		$	10.90
Vested at end of year	(3,632,564	)	$	11.54	(2,645,272	)	$	13.00	(1,774,839	)	$	14.06
Unvested at end of year	657,754		$	5.30	1,554,817		$	6.76	2,480,348		$	8.65

(a) Shares awarded to directors.

The unearned compensation cost of FelCor's granted but unvested restricted stock as of December 31, 2011 was $1.7 million.  The weighted average period over which this cost is to be amortized is approximately one year.