Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v2.4.1.9
Equity (Tables)
 12 Months Ended
Dec. 31, 2014
Schedule of Issued Shares of Class A common stock Under 2009 Long-Term Incentive Plan

During 2014, 2013 and 2012, we issued shares of our Class A common stock as shown in the table below under our 2009 Long-Term Incentive Plan. We recorded the shares issued to our directors at their estimated fair value based on the market’s closing price of our stock on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered.

 

     For the Years Ended December 31,  
     2014      2013      2012  

Shares issued to independent directors for services rendered, in lieu of cash compensation

      19,542         49,187         32,620   

Shares issued to employees upon exercise of stock options

      354,926         160,470         —    
Class A Common Shares Reserved for Future Issuance

As of December 31, 2014, we had the following Class A common shares reserved for future issuance:

 

Conversion of Class B common shares

      5,400,000   

Awards under the 2009 and 1999 Long-Term Incentive Plans:

   

Stock options outstanding

      1,448,684   
  

 

 

  

Total shares reserved for future issuance

   6,848,684