XML 53 R36.htm IDEA: XBRL DOCUMENT v3.6.0.2
Share-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes activity of non-vested restricted stock awards for the year ended December 31, 2016: 
 
 
Restricted
Shares

 
Weighted-
Average Grant-
Date Fair Value
 
Non-vested at January 1, 2016
 
4,197,652

 
 
$
24.27

Granted1
 
943,160

 
 
26.56

Vested
 
(919,738
)
 
 
25.24

Forfeited
 
(195,504
)
 
 
24.24

Non-vested at December 31, 2016
 
4,025,570

 
 
$
24.58

1
During 2016, Federated awarded 464,660 shares of restricted Federated Class B common stock in connection with a bonus program in which certain key employees received a portion of their bonus in the form of restricted stock under the Plan. This restricted stock, which was granted on the bonus payment date and issued out of treasury, generally vests over a three-year period. Also during 2016, Federated awarded 478,500 shares of restricted Federated Class B common stock to certain key employees. The restricted stock awards generally vest over ten-year periods with restrictions on the vested portions of the awards lapsing on the awards' fifth- and tenth-year anniversaries.
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the status of and changes in Federated's stock option program for the year ended 
December 31, 2016: 
 
 
Options

 
Weighted-Average
Exercise Price
 
 
Weighted-Average
Remaining 
Contractual
Life (in years)
 
Aggregate
Intrinsic Value
(in thousands)
 
Outstanding at January 1, 2016
 
33,000

 
 
$
34.38

 
 

 
 
 
Expired unexercised
 
(9,000
)
 
 
37.73

 
 

 
 
 
Outstanding at December 31, 20161
 
24,000

 
 
$
33.13

 
 
1.2
 
 
$
28.3

1
All stock options outstanding at December 31, 2016 were vested and exercisable.