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EQUITY PLANS (Tables)
 3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [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 options award granted in the first quarter of 2015:
Risk-free interest rate
1.82
%
Expected life (in years)
8 years

Dividend yield
3.63
%
Volatility
39.98
%
Grant date fair value
$
5.45
Activity for Stock Options
The following table summarizes activity relating to Company employees who held Cablevision stock options for the three months ended March 31, 2015:
 
Shares
Under Option
 
 
 
 
 
 
 
Time
Vesting Options
 
Performance
Based Vesting
Options
 
Weighted Average
Exercise
Price Per Share
 
Weighted Average Remaining
Contractual Term
(in years)
 
Aggregate Intrinsic
Value (a)
Balance, December 31, 2014
5,097,666

 
7,633,500

 
$
14.41

 
7.17
 
$
79,347

Granted
2,000,000

 
—

 
19.17

 
 
 
 

Exercised
(138,000
)
 
(51,500
)
 
12.74

 
 
 
 

Balance, March 31, 2015
6,959,666

 
7,582,000

 
$
15.08

 
7.38
 
$
48,657

Options exercisable at March 31, 2015
959,666

 
7,582,000

 
$
13.79

 
6.29
 
$
38,697

Options expected to vest in the future
6,000,000

 
—

 
$
16.93

 
8.93
 
$
9,960

 
(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 March 31, 2015 or December 31, 2014, as indicated, and March 31, 2015 in the case of options exercisable and options expected to vest in the future.
Activity for Restricted Shares
The following table summarizes activity relating to Company employees who held Cablevision restricted shares for the three months ended March 31, 2015:
 
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, 2014
5,314,870

 
2,035,300

 
$
15.46

Granted
1,703,130

 
584,400

 
19.17

Vested
(1,549,287
)
 
(739,600
)
 
14.44

Awards forfeited
(168,340
)
 
—

 
15.86

Unvested award balance, March 31, 2015
5,300,373

 
1,880,100

 
16.95