v3.4.0.3
Common Equity
 3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
COMMON EQUITY
COMMON EQUITY

Stock-Based Compensation Plans

During the first quarter of 2016, the Compensation Committee of our Board of Directors awarded the following stock-based compensation awards to our directors, officers, and certain other key employees under our and Integrys's normal schedule of awarding long-term incentive compensation:
Award Type
 
Number of Awards
Stock options (1)
 
752,085

Restricted shares (2)
 
140,897

Performance units
 
283,505


(1) 
Stock options awarded had a weighted-average exercise price of $51.80 and a weighted-average grant date fair value of $5.03 per option.

(2) 
Restricted shares awarded had a weighted-average grant date fair value of $53.40 per share.

Restrictions

Our ability as a holding company to pay common stock dividends primarily depends on the availability of funds received from our utility subsidiaries and our non-utility subsidiary, We Power. Various financing arrangements and regulatory requirements impose certain restrictions on the ability of our subsidiaries to transfer funds to us in the form of cash dividends, loans, or advances. All of our utility subsidiaries, with the exception of MGU, are prohibited from loaning funds to us, either directly or indirectly. See Note 11, Common Equity, in our 2015 Annual Report on Form 10-K for additional information on these and other restrictions.

We do not believe that these restrictions will materially affect our operations or limit any dividend payments in the foreseeable future.