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, 2016:
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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, 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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Restricted stock units
awarded |
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(33,750 |
) |
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- |
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- |
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- |
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- |
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33,750 |
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$ |
51.87 |
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Exercised |
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- |
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(60,216 |
) |
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$ |
21.34 |
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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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(474,375 |
) |
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$ |
18.94 |
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(57,625 |
) |
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$ |
45.67 |
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Forfeited/cancelled |
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20,375 |
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(6,875 |
) |
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$ |
16.12 |
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- |
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$ |
- |
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(13,500 |
) |
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$ |
52.46 |
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Balances as of
December 31, 2016 |
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2,511,625 |
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2,376,500 |
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$ |
21.56 |
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|
5.38 |
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$ |
99,197 |
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498,750 |
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$ |
31.79 |
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|
188,000 |
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$ |
46.33 |
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Exercisable as of
December 31, 2016 |
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1,877,750 |
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$ |
14.98 |
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|
4.85 |
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$ |
90,735 |
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Fully vested and
expected to vest as of
December 31, 2016 |
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2,369,500 |
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$ |
21.49 |
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|
5.37 |
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$ |
99,079 |
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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 $63.30 on December 31, 2016, and the stock option exercise prices multiplied by the number of options outstanding. |
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