SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2015

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

NOTE H – SHARE-BASED COMPENSATION

Stock Awards

As of September 30, 2015, the Company had outstanding restricted stock units granted under the 2005 Ownership Incentive Plan (“the 2005 Plan”). The 2005 Plan, as amended, provides for the granting of 3.1 million shares, which may be awarded as incentive and nonqualified stock options, Stock Appreciation Rights, restricted stock, or restricted stock units (“RSUs”).

Restricted Stock Units

A summary of the Company’s restricted stock unit award program is presented below:

	Units
Outstanding – January 1, 2015	1,368,880
Granted	267,510
Vested	(295,668)
Forfeited	(13,322)
Outstanding – September 30, 2015	1,327,400

The RSUs granted during the period had a weighted-average grant date fair value of $35.57 per share.