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EQUITY PLANS (Tables)
 9 Months Ended
Sep. 30, 2014
EQUITY PLANS [Abstract]  
Assumptions Used to Calculate the Fair Value of Stock Option Awards
The following assumptions were used to calculate the fair value of the stock option award granted in the first quarter of 2014:

Risk-free interest rate
  
2.12
%
     
Expected life (in years)
  
6.5
 
     
Dividend yield
  
3.79
%
     
Volatility
  
42.80
%
     
Grant date fair value
 
$
5.27
 
Activity for Stock Options
The following table summarizes activity relating to Company employees who held Cablevision stock options for the nine months ended September 30, 2014:

  
Shares
Under Option
  
Weighted Average
  
Weighted Average Remaining
   
  
Time
Vesting Options
  
Performance
Based Vesting
Options
  
Exercise
Price Per Share
  
Contractual Term
(in years)
  
Aggregate Intrinsic
Value(a)
 
Balance, December 31, 2013
  
4,514,479
   
10,639,125
  
$
13.20
   
7.21
  
$
71,823
 
Granted(b)
  
2,000,000
   
-
   
17.64
         
Exercised
  
(1,184,147
)
  
(2,398,675
)
  
11.33
         
Forfeited/Expired
  
-
   
-
   
-
         
                     
Balance, September 30, 2014
  
5,330,332
   
8,240,450
   
14.35
   
7.33
  
$
43,374
 
                     
Options exercisable at September 30, 2014
  
1,330,332
   
8,240,450
   
13.74
   
6.65
  
$
36,314
 
                     
Options expected to vest in the future
  
4,000,000
   
-
   
15.81
   
8.93
  
$
7,060
 
 
(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 CNYG Class A common stock on September 30, 2014 or December 31, 2013, as indicated, and September 30, 2014 in the case of options exercisable and options expected to vest in the future.
(b)Options are scheduled to cliff vest at the end of three years and expire 10 years from the date of grant.
Activity for Restricted Shares
The following table summarizes activity relating to Company employees who held Cablevision restricted shares for the nine months ended September 30, 2014:

  
Number of Restricted Shares
  
Number of Performance Based Restricted Shares
  
Weighted Average Fair Value Per Share at Date of Grant
 
       
Unvested award balance, December 31, 2013
  
4,670,513
   
1,534,700
  
$
15.89
 
Granted
  
2,070,960
   
692,100
   
17.62
 
Vested
  
(652,556
)
  
(236,600
)
  
25.94
 
Awards forfeited
  
(817,157
)
  
-
   
15.16
 
             
Unvested award balance, September 30, 2014
  
5,271,760
   
1,990,200
  
$
15.40