Partners' Capital, Equity and Incentive Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Award Activity Under 2010 Equity Incentive Plan and 2013 Equity Incentive Plan and Related Information

The following is a summary of award activity under the 2010 Equity Incentive Plan and 2013 Equity Incentive Plan and related information for the six months ended June 30, 2014:


	2010 Equity Incentive Plan												2013 Equity Incentive Plan
	Number of Class O units			Weighted average exercise price		Weighted average fair value		Number of Class RS units			Weighted average price		Options			Weighted average exercise price		Weighted average fair value		Restricted Stock		Weighted average price
Outstanding at December 31, 2013		1,622,747		$	23.44	$	3.84		173,750		$	21.86		367,910		$	21.00	$	3.50		108,629	$	21.00

Granted		—			—		—		—			—		230,539			25.51		4.94		44,000		25.51
Exercised		—			—		—		—			—		—			—		—		—		—
Released from restriction		—			—		—		(81,750	)		25.00		—			—		—		—		—
Cancelled/Expired		(34,395	)	$	24.83		7.93		—			—		(5,000	)	$	21.00		3.52		—		—

Outstanding at June 30, 2014		1,588,352		$	24.49	$	4.09		92,000		$	23.78		593,449		$	22.75	$	4.12		152,629	$	22.30

Summary of Assumptions and Fair Values for Restricted Stock and Options to Purchase Shares of Class A Common Stock Granted

The assumptions and fair values for restricted stock and options to purchase shares of Class A common stock granted for the six months ended June 30, 2014 is included in the following table on a per unit basis. Class O units and options to purchase shares of Class A common stock were valued using the Black-Scholes model.


	Three and six months ended June 30, 2014
Fair value of restricted stock granted		$25.51
Fair value of options granted		$4.94-$5.08
Expected term (years)		5.5-6.1
Expected volatility		33	%
Expected dividend yield		4.55	%
Expected risk-free interest rates		1.7-1.9	%

Summary of Information About Awards Outstanding

The following table summarizes information about awards outstanding as of June 30, 2014.


	Operating Partnership Awards Outstanding
	Exercise prices		Awards outstanding		Weighted average remaining vesting period (years)
Class RS Units	$	—		92,000	2
Class O Units	$	20 - 25		1,588,352	2

Total Operating Partnership awards outstanding				1,680,352


	QTS Realty Trust, Inc. Awards Outstanding
	Exercise prices		Awards outstanding		Weighted average remaining vesting period (years)
Restricted stock	$	—		152,629	3
Options to purchase Class A common stock	$	21 - 25.51		593,449	2

Total QTS Realty Trust, Inc awards outstanding				746,078