Liberty Broadband Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

				Weighted
				average
				remaining	Aggregate
				contractual	intrinsic
	Series A	WAEP		life	value
	(in thousands)			(in years)	(in millions)
Outstanding at January 1, 2014	—	$	—
Broadband Spin-Off adjustment	846	$	32.21
Granted	—	$	—
Exercised	(39)	$	32.16
Forfeited/Cancelled	—	$	—
Outstanding at December 31, 2014	807	$	32.21	4.2	$	14
Exercisable at December 31, 2014	680	$	31.92	4.1	$	12


				Weighted
				average
				remaining	Aggregate
				contractual	intrinsic
	Series C	WAEP		life	value
	(in thousands)			(in years)	(in millions)
Outstanding at January 1, 2014	—	$	—
Broadband Spin-Off adjustment	1,709	$	32.22
Granted	1,507	$	48.10
Exercised	(79)	$	32.50
Forfeited/Cancelled	—	$	—
Outstanding at December 31, 2014	3,137	$	39.85	7.0	$	31
Exercisable at December 31, 2014	1,373	$	31.92	4.1	$	25

Schedule of PAR and PSU activity

The following summarizes the PAR and PSU activities under the LTIPs during 2014 (in thousands):


	Stand-alone	Tandem				Stand-alone		Skyhook
	PARs	PARs		PSUs		PSUs		PARs
Outstanding at January 1, 2014	1,311	253		69		218		—
Grants	553	—		—		44		6,260
Exercises	(325)	(122)		(33)		(8)		—
Forfeitures	(463)	(80)		(21)		(93)		(2,272)
Outstanding at December 31, 2014	1,076	51		15		161		3,988
Fair value of outstanding grants	—	—	$	203	$	2,135	$	67
Vested fair value	—	—	$	203	$	945	$	10
Weighted average remaining vesting period	2.7 years					2.9 years		3.4 years

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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