Virgin Media 2013 Annual Report Download - page 74

Download and view the complete annual report

Please find page 74 of the 2013 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 139

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139

VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 49
Number of
shares
Weighted
average
grant-date
fair value
per share
Weighted
average
remaining
contractual
term
in years
PSUs — Old Virgin Media
Outstanding at January 1, 2013.................................................................................. 2,408,426 $ 22.40
Granted.................................................................................................................. 632,762 $ 39.66
Forfeited................................................................................................................ (251,936) $ 22.59
Released from restrictions..................................................................................... (14,964) $ 24.08
Outstanding at June 7, 2013 (a).................................................................................. 2,774,288 $ 26.31
PSUs — Liberty Global Class A ordinary shares
Outstanding at June 7, 2013....................................................................................... — $ —
Granted.................................................................................................................. 164,412 $ 69.90
Forfeited................................................................................................................ (75,273) $ 69.70
Released from restrictions..................................................................................... (6,580) $ 40.75
Transfers................................................................................................................ 27,012 $ 55.78
Outstanding at December 31, 2013............................................................................ 109,571 $ 68.31 1.7
PSUs — Liberty Global Class C ordinary shares
Outstanding at June 7, 2013....................................................................................... — $ —
Granted.................................................................................................................. 134,258 $ 65.81
Forfeited................................................................................................................ (58,607) $ 65.56
Released from restrictions..................................................................................... (6,580) $ 39.21
Transfers................................................................................................................ 27,012 $ 53.00
Outstanding at December 31, 2013............................................................................ 96,083 $ 64.19 1.7
_______________
(a) In connection with the LG/VM Transaction, 419,717 of these PSUs were cancelled and the remaining 2,354,571 PSUs were
exchanged for 790,087 Liberty Global Class A RSUs and 589,595 Liberty Global Class C RSUs.