Cablevision 2012 Annual Report Download - page 197

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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-69
Networks options/SARs. No additional compensation expense was recorded as a result of these
modifications.
Share-Based Payment Award Activity
The following table summarizes activity relating to Company employees who held Cablevision stock
options for the year ended December 31, 2012:
Weighted
Shares
Under Option
Weighted
Average
Average
Remaining
Time
Vesting
Options
Performance
Based Vesting
Options
Exercise
Price Per
Share
Contractual
Term
(in years)
Aggregate
Intrinsic
Value(a)
Balance, December 31,
2011 .............................. 5,440,662 403,200 $ 8.27 3.37 $35,607
Granted ......................... - 12,783,000 13.93
Exercised ...................... (2,636,649) (74,400) 6.58
Forfeited/Expired ......... (14,671) (792,800) 13.95
Balance, December 31,
2012 .............................. 2,789,342 12,319,000 $13.05 7.88 $29,143
Options exercisable at
December 31, 2012 ...... 2,589,342 362,700 $ 9.16 2.72 $17,067
Options expected to vest
in the future .................. 200,000 11,656,316 $14.00 9.13 $11,773
________________
(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 December 31, 2012 or December 31, 2011, as
indicated, and December 31, 2012 in the case of the options exercisable and options expected to vest in the future.
The following table summarizes activity relating to AMC Networks and Madison Square Garden
employees who held Cablevision stock options for the year ended December 31, 2012:
Weighted
Shares
Under Option
Weighted
Average
Average
Remaining
Time
Vesting
Options
Performance
Based Vesting
Options
Exercise
Price Per
Share
Contractual
Term
(in years)
Aggregate
Intrinsic
Value(a)
Balance, December 31,
2011 .............................. 753,908 32,400 $ 7.97 3.10 $4,933
Exercised ...................... (92,206) (12,400) 8.46
Forfeited ....................... (6,100) -14.98
Balance, December 31,
2012 .............................. 655,602 20,000 $ 7.82 2.21 $4,814
Options exercisable at
December 31, 2012 ...... 655,602 20,000 $ 7.82 2.21 $4,814
________________
(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 December 31, 2012 or December 31, 2011, as
indicated, and December 31, 2012 in the case of the options exercisable.