Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Options held under the LTSIP, by exercise price range

Stock option balances under the terms of the LTSIP are summarized below:



Options Outstanding									Options Exercisable
Range of exercise prices					Number outstanding at March 31, 2014	Weighted-average remaining term in years	Weighted-average exercise price		Number exercisable at March 31, 2014	Weighted-average exercise price
$	7.84	-	$	11.40	404,174	1.6	$	10.52	404,174	$	10.52
13.10		-	17.35		313,666	2.3	13.54		313,666	13.54
					717,840	1.9	$	11.84	717,840	$	11.84

Transactions involving restricted shares and RSUs under the terms of the LTSIP

Transactions involving restricted shares under the terms of the LTSIP are summarized below:



	Restricted Shares Outstanding		Price Range					Weighted-Average Price
Balance at December 31, 2013	392,327		$	15.22	-	$	21.53	$	18.28
Vested	(212,530	)	15.98		-	21.53		18.60
Balance at March 31, 2014	179,797		$	15.22	-	$	21.53	$	17.91

Transactions involving RSUs under the terms of the LTSIP are summarized below:



	RSUs Outstanding		Price Range					Weighted-Average Price
Balance at December 31, 2013	316,268		$	22.17	-	$	25.44	$	23.62
Granted	346,776		23.60		-	23.63		23.60
Vested	(119,014	)	22.71		-	25.44		23.66
Forfeited	(2,456	)	23.60			23.60		23.60
Balance at March 31, 2014	541,574		$	22.17	-	$	24.26	$	23.60

Transactions involving performance shares under the terms of the LTSIP

Performance share transactions under the terms of the LTSIP are summarized below:



	Target Number of Performance Shares Outstanding		Grant-Date Fair Value Range					Weighted- Average Grant-Date Fair Value
Balance at December 31, 2013	387,879		$	18.23	-	$	39.62	$	27.61
Granted	139,611		31.07			31.07		31.07
Payout adjustment⁽¹⁾	(76,657	)	18.23			18.23		18.23
Distributed⁽¹⁾	(51,104	)	18.23			18.23		18.23
Forfeited	(5,660	)	25.42		-	39.62		33.06
Balance at March 31, 2014	394,069		$	25.42	-	$	39.62	$	31.80

⁽¹⁾Actual shares and cash distributed were determined by multiplying the target shares by 0.40 to reflect Questar's final total shareholder return ranking among the specified peer companies for the performance period from January 1, 2011 through December 31, 2013.