XML 65 R49.htm IDEA: XBRL DOCUMENT v3.3.1.900
Equity and Long-Term Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes activity relating to Company employees who held AMC Networks stock options for the year ended December 31, 2015:
 
Shares Under Option
 
Weighted
Average
Exercise Price
Per Share
 
Weighted
Average
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value(a)
 
Time
Vesting
Options
 
Balance, December 31, 2014
14,045

 
$
16.93

 
1.27
 
$
658

Exercised
(14,045
)
 
$
16.93

 
 
 
 
Balance, December 31, 2015

 
$

 

 
$

Options exercisable at December 31, 2015

 
$

 

 
$

(a)
The aggregate intrinsic value is calculated as the difference between (i) the exercise price of the underlying award and (ii) the quoted price of AMC Networks Class A Common Stock on December 31, 2014.
In addition, the following table summarizes activity relating to Cablevision and MSG employees who held AMC Networks stock options for the year ended December 31, 2015:
 
Shares Under Option
 
Weighted
Average
Exercise Price
Per Share
 
Weighted
Average
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value(a)
 
Time
Vesting
Options
 
Performance
Vesting
Options
 
Balance, December 31, 2014
229,497

 
32,500

 
$
15.81

 
1.14
 
$
12,566

Exercised
(94,664
)
 
(32,500
)
 
$
13.62

 
 
 
 
Balance, December 31, 2015
134,833

 

 
$
17.88

 
0.43
 
$
7,659

Options exercisable at December 31, 2015
134,833

 

 
$
17.88

 
0.43
 
$
7,659

(a)
The aggregate intrinsic value is calculated as the difference between (i) the exercise price of the underlying award and (ii) the quoted price of AMC Networks Class A Common Stock on December 31, 2015 or December 31, 2014, as indicated.
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table summarizes activity relating to Company employees who held AMC Networks restricted stock units for the year ended December 31, 2015:
 
Number of
Restricted
Stock Units
 
Number of
Performance
Restricted
Stock Units
 
Weighted Average 
Fair Value Per Stock Unit at Date of Grant
Unvested award balance, December 31, 2014
898,854

 
655,843

 
$
62.79

Granted
362,589

 
125,465

 
$
72.95

Released/Vested
(317,222
)
 
(89,929
)
 
$
46.75

Canceled/Forfeited
(90,835
)
 
(7,986
)
 
$
65.94

Unvested award balance, December 31, 2015
853,386

 
683,393

 
$
70.07


During 2015, AMC Networks granted 488,054 restricted stock units to certain executive officers and employees under the AMC Networks Inc. Amended and Restated 2011 Employee Stock Plan. 448,955 of such restricted stock units vest on the third anniversary of the grant date, 39,099 of such restricted stock units vest in equal annual installments over a three-year period.
The following table summarizes activity relating to Non-employee Directors who held AMC Networks restricted stock units for the year ended December 31, 2015:
 
Number of
Restricted
Stock Units
 
Weighted Average 
Fair Value Per Stock Unit at Date of Grant
Vested award balance, December 31, 2014
114,690

 
$
45.46

Granted
22,659

 
$
78.00

Released/Vested
(9,794
)
 
$
44.32

Vested award balance, December 31, 2015
127,555

 
$
51.33