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FelCor Stock Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock/Unit Activity
A summary of the status of FelCor’s restricted stock and restricted stock unit grants as of December 31, 2015, 2014 and 2013, and the changes during these years is presented below:
 
2015
 
2014
 
2013
 





Shares
 
Weighted
Average
Fair
Market
Value
at Grant
 





Shares
 
Weighted
Average
Fair
Market
Value
at Grant
 





Shares
 
Weighted
Average
Fair
Market
Value
at Grant
Shares unvested at beginning of the year
1,509,519

 
$
5.70

 
1,270,000

 
$
4.12

 
303,333

 
$
3.71

Granted:
 
 
 
 
 
 
 
 
 
 
 
With 5-year pro rata vesting
50,000

 
$
8.02

 
—

 
$
—

 
15,000

 
$
6.13

With up to 4-year pro rata vesting
1,066,394

 
$
8.14

 
1,036,252

 
$
6.70

 
1,250,000

 
$
4.09

Forfeited
(2,250
)
 
$
9.62

 
(2,250
)
 
$
9.62

 
—

 
$
—

Vested
(793,540
)
 
$
6.61

 
(794,483
)
 
$
4.46

 
(298,333
)
 
$
3.72

Shares unvested at end of the year
1,830,123

 
$
6.79

 
1,509,519

 
$
5.70

 
1,270,000

 
$
4.12
Schedule of Valuation Assumptions Used
The assumptions used in this simulation include the following:
 
2015
 
2014
 
2013
Annual volatility(a)
48.11
%
 
53.78
%
 
61.12
%
Dividend rate(b)
$
0.04

 
$
0.02

 
$
—

Risk-free rate
1.32
%
 
1.13
%
 
0.50
%
(a) Based on share price history.
(b) Based on dividend rate at time of award.