HCA Holdings 2012 Annual Report Download - page 126

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HCA HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 2 — SHARE-BASED COMPENSATION (continued)
Stock Option, SAR and RSU Activity (continued)
the year ended December 31, 2012 was $226 million. As of December 31, 2012, the unrecognized compensation
cost related to nonvested stock options and SARs was $76 million.
Information regarding Time RSUs and Performance RSUs activity during 2012 and 2011 is summarized
below (share amounts in thousands):
Time RSUs
Performance
RSUs Total RSUs
Weighted
Average
Grant
Date Fair
Value
RSUs outstanding, December 31, 2010 ........ — — — —
Granted ............................. 80 — 80 $30.00
Vested .............................. — — — —
Cancelled ............................ — — — —
RSUs outstanding, December 31, 2011 ........ 80 — 80 30.00
Granted ............................. 3,162 1,485 4,647 26.98
Vested .............................. (4) — (4) 30.00
Cancelled ............................ (164) (75) (239) 26.99
RSUs outstanding, December 31, 2012 ........ 3,074 1,410 4,484 27.03
As of December 31, 2012, the unrecognized compensation cost related to RSUs was $92 million.
During 2012, our Board of Directors declared three distributions to the Company’s stockholders and holders
of certain vested share-based awards. The distributions totaled $6.50 per share and vested share-based award
(subject to limitations for certain awards), or $3.142 billion in the aggregate. Pursuant to the terms of our share-
based award plans, the holders of nonvested stock options and SARs received $6.50 per share reductions to the
exercise price of the applicable share-based awards (subject to certain limitations for certain share-based awards
that resulted in deferred distributions for a portion of the declared distribution, which will be paid upon the
vesting of the applicable share-based award). The holders of any nonvested RSUs will be paid the applicable
distribution amounts upon the vesting of the applicable RSUs. There were no distributions declared during 2011.
During 2010, our Board of Directors declared three distributions to the Company’s stockholders and holders
of certain vested share-based awards. The distributions totaled $9.43 per share and vested share-based award, or
$4.332 billion in the aggregate. Pursuant to the terms of our share-based award plans, the holders of nonvested
stock options and SARs received $9.43 per share reductions to the exercise price of the applicable share-based
awards (subject to certain tax related limitations for certain share-based awards that resulted in deferred
distributions for a portion of the declared distribution, which will be paid upon the vesting of the applicable
share-based award).
NOTE 3 — ACQUISITIONS AND DISPOSITIONS
HealthONE Acquisition
During October 2011, we completed the acquisition of the Colorado Health Foundation’s (“Foundation”)
approximate 40% remaining ownership interest in the HCA-HealthONE LLC (“HealthONE”) joint venture for
$1.450 billion. HealthONE’s assets included seven hospitals and 12 freestanding surgery centers in the Denver
area. We accounted for our investment in HealthONE using the equity method through October 2011 with our
F-18