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FelCor Stock Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock/Unit Activity
A summary of the status of FelCor’s restricted stock and restricted stock unit grants as of December 31, 2016, 2015 and 2014, and the changes during these years is presented below:
 
2016
 
2015
 
2014
 





Shares
 
Weighted
Average
Fair
Market
Value
at Grant
 





Shares
 
Weighted
Average
Fair
Market
Value
at Grant
 





Shares
 
Weighted
Average
Fair
Market
Value
at Grant
Shares unvested at beginning of the year
1,830,123

 
$
6.79

 
1,509,519

 
$
5.70

 
1,270,000

 
$
4.12

Granted:
 
 
 
 
 
 
 
 
 
 
 
With up to 5-year pro rata vesting
1,207,926

 
$
6.24

 
1,116,394

 
$
8.14

 
1,036,252

 
$
6.70

Forfeited
(396,148
)
 
$
6.04

 
(2,250
)
 
$
9.62

 
(2,250
)
 
$
9.62

Vested
(771,508
)
 
$
7.72

 
(793,540
)
 
$
6.61

 
(794,483
)
 
$
4.46

Shares unvested at end of the year
1,870,393

 
$
6.21

 
1,830,123

 
$
6.79

 
1,509,519

 
$
5.70
Schedule of Valuation Assumptions Used
The assumptions used in this simulation include the following:
 
2016
 
2015
 
2014
Annual volatility(a)
45.92
%
 
48.11
%
 
53.78
%
Dividend rate(b)
$
0.05

 
$
0.04

 
$
0.02

Risk-free rate
0.93
%
 
1.32
%
 
1.13
%
(a) Based on share price history.
(b) Based on dividend rate at time of award.