Kodak 2014 Annual Report Download - page 105

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Restricted Stock Units
Restricted stock units are payable in shares of the Company common stock upon vesting. The fair value is based on the closing market price of the Company’s stock on
the grant date.
The following table summarizes information about restricted stock unit activity since emergence:
Predecessor
Prior to the Effective Date, Kodak had shares or share-based awards outstanding under two share-based employee compensation plans consisting of the 2005 Omnibus Long-
Term Compensation Plan (the “2005 Plan”), and the 2000 Omnibus Long-Term Compensation Plan (the “2000 Plan”). In conjunction with the Plan (see Note 24, “Emergence
from Voluntary Reorganization under Chapter 11 Proceedings”), all shares, options, restricted shares and other share-
based awards that were outstanding on the Effective Date
were canceled.
Kodak recognized stock-based compensation expense in the amount of $3 million and $7 million for the eight months ended August 31, 2013, and year ended December
31, 2012, respectively. There were no proceeds from the issuance of common stock through stock option plans for the eight months ended August 31, 2013 or the year
ended December 31, 2012.
.
Number of
Weighted
-
Average
Restricted
Grant Date
Stock Units
Fair Values
Outstanding on September 3, 2013
-
-
Granted
426,503
$
16.36
Vested
53,043
$
14.11
Outstanding on December 31, 2013
373,460
$
16.68
Granted
465,491
$
24.16
Vested
126,649
$
14.11
Forfeited
26,872
$
18.69
Outstanding on December 31, 2014
685,430
$
22.15
102