Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

The market value of the TSYS common stock as of the date of issuance is charged as compensation expense over the vesting periods of the awards.


	Three months ended March 31,
	2015		2014
Number of shares		345,038		596,113
Market value (in millions)	$	13.0	$	18.2

Weighted Average Fair Value Of Option Grants

The weighted average fair value of the option grants was estimated on the date of grant using the Black-Scholes-Merton option-pricing model with the following weighted average assumptions:


	Three months ended March 31,
	2015			2014
Number of options granted		487,735			914,470
Weighted average exercise price	$	38.20		$	30.83
Risk-free interest rate		1.70	%		2.00	%
Expected volatility		21.00	%		25.00	%
Expected term (years)		6.3			6.5
Dividend yield		1.05	%		1.30	%
Weighted average fair value	$	8.03		$	7.60