Virgin Media 2013 Annual Report Download - page 75

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VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 50
Number of
shares
Weighted
average
grant-date
fair value
per share
Weighted
average
remaining
contractual
term
in years
RSUs — Old Virgin Media
Outstanding at January 1, 2013.................................................................................. 1,781,742 $ 15.64
Granted.................................................................................................................. 50,101 $ 39.39
Forfeited................................................................................................................ (578,801) $ 15.34
Released from restrictions..................................................................................... (858,701) $ 14.10
Outstanding at June 7, 2013 (a).................................................................................. 394,341 $ 22.43
RSUs — Liberty Global Class A ordinary shares
Issued in exchange for Old Virgin Media PSUs and RSUs on June 7, 2013............. 900,408 $ 76.24
Granted.................................................................................................................. 8,334 $ 69.70
Forfeited................................................................................................................ (31,038) $ 76.24
Released from restrictions..................................................................................... (411,356) $ 76.21
Transfers................................................................................................................ (13,261) $ 78.92
Outstanding at December 31, 2013............................................................................ 453,087 $ 76.06 7.8
RSUs — Liberty Global Class C ordinary shares
Issued in exchange for Old Virgin Media PSUs and RSUs on June 7, 2013............. 671,923 $ 71.51
Granted.................................................................................................................. 8,334 $ 65.56
Forfeited................................................................................................................ (23,159) $ 71.51
Released from restrictions..................................................................................... (307,078) $ 71.48
Transfers................................................................................................................ (9,457) $ 75.00
Outstanding at December 31, 2013............................................................................ 340,563 $ 71.30 7.8
_______________
(a) In connection with the LG/VM Transaction, 394,341 RSUs were exchanged for 110,321 Liberty Global Class A RSUs and
82,328 Liberty Global Class C RSUs.