Summary of Stock Award Activity and Related Information |
The following table summarizes stock award activity and related information for all of Nexstar’s Equity Plans for the year ended December 31, 2015:
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Outstanding Options |
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Non-Vested Options |
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Restricted Stock Units |
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Weighted- |
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Weighted- |
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Average |
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Aggregate |
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Weighted- |
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Weighted- |
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Shares |
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Average |
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Remaining |
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Intrinsic |
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Average |
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Average |
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Available |
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Exercise |
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Contractual |
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Value(1) |
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Grant-Date |
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Unvested |
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Grant-Date |
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for Grant |
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Shares |
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Price |
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Term (Years) |
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(thousands) |
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Shares |
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Fair Value |
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Shares |
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Fair Value |
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Balances as of
December 31, 2014 |
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397,500 |
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2,742,275 |
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$ |
17.61 |
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1,287,000 |
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$ |
21.48 |
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20,500 |
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$ |
44.58 |
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2015 Plan
shares approved |
|
2,500,000 |
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Options granted |
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(200,000 |
) |
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200,000 |
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$ |
47.11 |
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200,000 |
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$ |
31.45 |
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- |
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- |
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Restricted stock units
awarded |
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(210,000 |
) |
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- |
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- |
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- |
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- |
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210,000 |
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$ |
45.78 |
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Exercised |
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- |
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(461,184 |
) |
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$ |
7.28 |
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- |
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- |
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- |
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- |
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Vested |
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- |
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- |
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- |
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(478,250 |
) |
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$ |
16.63 |
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(5,125 |
) |
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$ |
44.58 |
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Forfeited/cancelled |
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37,500 |
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(37,500 |
) |
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$ |
46.03 |
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(35,625 |
) |
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$ |
31.96 |
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- |
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- |
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Balances as of
December 31, 2015 |
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2,525,000 |
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2,443,591 |
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$ |
21.54 |
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|
6.31 |
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$ |
90,807 |
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973,125 |
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$ |
25.53 |
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225,375 |
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$ |
45.69 |
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Exercisable as of
December 31, 2015 |
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1,470,466 |
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$ |
11.39 |
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|
5.26 |
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$ |
69,571 |
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Fully vested and
expected to vest as of
December 31, 2015 |
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2,422,963 |
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$ |
21.38 |
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|
6.30 |
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$ |
90,424 |
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(1) |
Aggregate intrinsic value represents the difference between the closing market price of Nexstar’s common stock on the last day of the fiscal period, which was $58.70 on December 31, 2015, and the stock option exercise prices multiplied by the number of options outstanding. |
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