Dish Network 2015 Annual Report Download - page 148
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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-44
The following stock awards were outstanding:
As of December 31, 2015
DISH Network Awards EchoStar Awards
Stock Awards Outstanding
Stock
Options
Restricted
Stock
Units
Stock
Options
Restricted
Stock
Units
Held by DISH Network employees 6,807,169 1,382,250 44,548 —
Held by EchoStar employees 38,516 — N/A N/A
Total 6,845,685 1,382,250 44,548 —
Exercise prices for stock options outstanding and exercisable as of December 31, 2015 were as follows:
Options Outstanding Options Exercisable
Number
Outstanding
as of
December 31, 2015
Weighted-
Average
Remaining
Contractual
Life
Weighted-
Average
Exercise
Price
Number
Exercisable
as of
December 31, 2015
Weighted-
Average
Remaining
Contractual
Life
Weighted-
Average
Exercise
Price
$ — - $ 10.00 242,372 2.34 $ 6.22 242,372 2.34 $ 6.22
$ 10.01 - $ 20.00 1,944,187 4.44 $ 15.48 144,187 3.72 $ 16.67
$ 20.01 - $ 30.00 1,903,878 4.95 $ 26.31 1,182,278 4.50 $ 26.09
$ 30.01 - $ 40.00 1,654,698 6.69 $ 36.06 249,598 5.81 $ 34.75
$ 40.01 - $ 50.00 21,400 5.75 $ 44.65 8,000 3.15 $ 42.92
$ 50.01 - $ 60.00 113,500 7.07 $ 58.09 24,000 4.71 $ 57.92
$ 60.01 - $ 70.00 945,650 8.18 $ 66.37 95,150 7.73 $ 64.01
$ 70.01 - $ 80.00 20,000 4.00 $ 72.89 20,000 4.00 $ 72.89
$ — - $ 80.00 6,845,685 5.61 $ 31.13 1,965,585 4.49 $ 26.82
Stock Award Activity
Our stock option activity was as follows:
For the Years Ended December 31,
2015 2014 2013
Options
Weighted-
Average
Exercise
Price Options
Weighted-
Average
Exercise
Price Options
Weighted-
Average
Exercise
Price
Total options outstanding, beginning of
period (1) 11,725,823 $ 24.51 14,058,574 $ 21.71 16,399,870 $ 19.04
Granted 452,000 $ 69.11 667,750 $ 63.23 2,225,500 $ 36.75
Exercised (1,884,938) $ 16.15 (2,724,301) $ 18.77 (4,419,396) $ 16.30
Forfeited and cancelled (3,447,200) $ 21.78 (276,200) $ 32.26 (147,400) $ 29.26
Total options outstanding, end of period
6,845,685 $ 31.13 11,725,823 $ 24.51 14,058,574 $ 21.71
Performance based options outstanding,
end of period (2) 3,904,500 $ 28.03 7,246,500 $ 24.14 7,790,500 $ 24.02
Exercisable at end of period 1,965,585 $ 26.82 3,299,023 $ 19.64 4,799,173 $ 17.14
(1) The beginning of period weighted-average exercise price for the year ended December 31, 2013 of $19.04 does
not reflect the 2012 Stock Option Adjustment, which occurred subsequent to December 31, 2012.
(2) These stock options are included in the caption “Total options outstanding, end of period.” See discussion of
the 2005 LTIP, 2008 LTIP, 2013 LTIP and Other Employee Performance Awards below.