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VIRGIN MEDIA INC.
(See note 1)
Notes to Condensed Consolidated Financial Statements — (Continued)
June 30, 2014
(unaudited)
25
RSUs — Class C ordinary shares Number of
shares
Weighted
average
grant-date
fair value
per share
Weighted
average
remaining
contractual
term
in years
Outstanding at January 1, 2014.................................................................................. 1,134,213 $ 36.27
Granted .................................................................................................................... 91,616 $ 39.09
Forfeited .................................................................................................................. (17,169) $ 36.27
Released from restrictions....................................................................................... (388,903) $ 36.12
Transfers.................................................................................................................. (50,177) $ 37.61
Outstanding at June 30, 2014..................................................................................... 769,580 $ 36.35 7.0
PSUs — Class A ordinary shares Number of
shares
Weighted
average
grant-date
fair value
per share
Weighted
average
remaining
contractual
term
in years
Outstanding at January 1, 2014................................................................................... 109,571 $ 34.89
Granted ..................................................................................................................... 50,680 $ 41.16
Performance adjustment (a)...................................................................................... (4,004) $ 26.18
Released from restrictions ........................................................................................ (8,799) $ 31.38
Transfers ................................................................................................................... (6,986) $ 35.60
Outstanding at June 30, 2014...................................................................................... 140,462 $ 37.59 1.6
PSUs — Class C ordinary shares Number of
shares
Weighted
average
grant-date
fair value
per share
Weighted
average
remaining
contractual
term
in years
Outstanding at January 1, 2014................................................................................... 301,737 $ 32.58
Granted ..................................................................................................................... 102,456 $ 39.62
Performance adjustment (a)...................................................................................... (12,012) $ 24.74
Released from restrictions ........................................................................................ (26,397) $ 29.42
Transfers ................................................................................................................... (17,984) $ 33.29
Outstanding at June 30, 2014...................................................................................... 347,800 $ 35.13 1.6
_______________
(a) Represents the reduction in PSUs associated with the first quarter 2014 determination that 66.3% of the PSUs that were
granted in 2012 (the 2012 PSUs) had been earned. Half of the earned 2012 PSUs were released from restrictions on March
31, 2014 and, subject to forfeitures, the remainder will be released from restrictions on September 30, 2014.