Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Nonvested Share Awards

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.

	Nine months ended September 30,
	2015		2014
Number of shares granted		388,211		663,624
Market value (in millions )	$	14.9		20.3

Summary of Performance- and Market- Based Awards Granted

The following table summarizes the performance- and market- based awards granted during the first nine months of 2015 and 2014:

Year Awarded	Type of Award	Performance Period Ending	Performance Measure	Number of Shares Granted		Period Expensed Through
2015	Market	July 2016, 2017 and 2018	Total Shareholder Return		25,000	July 2018
2015	Performance	December 2017	Adjusted EPS		135,289	December 2017
2015	Market	December 2017	Total Shareholder Return		57,982	December 2017
2015	Performance	December 2015	Revenues before Reimbursable Items and Adjusted EPS		165,543	December 2018
2014	Performance	December 2016	Revenues before Reimbursable Items and Adjusted EPS		211,593	December 2016

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:

	Nine months ended September 30,
	2015			2014
Number of options granted		613,473			1,046,372
Weighted average exercise price	$	39.01			30.96
Risk-free interest rate		1.73	%		2.01	%
Expected volatility		20.80	%		25.06	%
Expected term (years)		6.3			6.5
Dividend yield		1.04	%		1.29	%
Weighted average fair value	$	8.27			7.66