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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Share-based Compensation

Schedule of service phantom interest and performance phantom interest values

		December 31, 2010
Service Phantom interest (per point)		$	14.64
Performance Phantom interest (per point)		$	21.25

Summary of restricted stock and restricted stock units grant activity and changes

		Restricted Shares			Weighted- Average Grant-Date Fair Value			Aggregate Intrinsic Value
								(in thousands)
Non-vested at December 31, 2009			177,060		$	6.59		$	1,215
Granted			1,307,378			11.42
Vested			(113,457	)		9.79
Forfeited			(1,799	)		4.14
Non-vested at December 31, 2010			1,369,182		$	10.94		$	20,784
Granted			826,959			18.79
Vested			(557,355	)		11.83
Forfeited			(4,632	)		8.67
Non-vested at December 31, 2011			1,634,154		$	14.61		$	30,608
Granted			318,508			43.66
Vested			(740,811	)		13.59
Forfeited			(66,240	)		16.54
Non-vested at December 31, 2012			1,145,611		$	23.24		$	55,894

Summary of activity and price information regarding stock options granted

		Shares			Weighted- Average Exercise Price			Weighted- Average Remaining Contractual Term
Outstanding, December 31, 2009			32,350		$	19.08			8.21
Granted			—			—
Exercised			—			—
Forfeited			(3,149	)		21.61
Expired			(6,301	)		21.61
Outstanding, December 31, 2010			22,900		$	18.03			8.35
Granted			—			—
Exercised			—			—
Forfeited			—			—
Expired			—			—
Outstanding, December 31, 2011			22,900		$	18.03			7.35
Granted			—			—
Exercised			(22,900	)
Forfeited			—			—
Expired			—			—
Outstanding, December 31, 2012			—			—			—

CALLC, CALLC II and CALLC III

Share-based Compensation

Schedule of key information for share-based compensation plans related to override units

										*Compensation Expense for the Year Ended December 31,
		Benchmark Value (per Unit)			Original Awards Issued
Award Type								Grant Date		2011			2010
										(in thousands)
Override Operating Units		$	11.31			919,630		June 2005		$	—		$	338
Override Operating Units		$	34.72			72,492		December 2006			—			13
Override Value Units(a)		$	11.31			1,839,265		June 2005			4,960			17,586
Override Value Units(b)		$	34.72			144,966		December 2006			451			581
Override Units(c)		$	10.00			642,219		February 2008			184			772
								Total		$	5,595		$	19,290

*

As CVR Energy's common stock price increased or decreased, compensation expense associated with the unvested CALLC and CALLC II override units increased or was reversed in correlation with the calculation of the fair value under the probability-weighted expected return method.

CVR Partners' Long-Term Incentive Plan

Share-based Compensation

Summary of common units and phantom units activity

		Units			Weighted- Average Grant-Date Fair Value			Aggregate Intrinsic Value
								(in thousands)
Non-vested at April 13, 2011			—		$	—		$	—
Granted			200,647			22.34
Vested			(36,076	)		19.36
Forfeited			—			—
Non-vested at December 31, 2011			164,571		$	22.99		$	4,085
Granted			95,370			24.53
Vested			(58,129	)		23.08
Forfeited			—			—
Non-vested at December 31, 2012			201,812		$	23.70		$	5,094

Override Units

Share-based Compensation

Schedule of significant assumption used in the valuation of the Units

		December 31,
		2010
Estimated forfeiture rate		None
Derived Service Period		Forfeiture schedule
Estimated fair value (per unit)		$2.60
Marketability and minority interest discounts		10.0%
Volatility		47.6%

Override Value Units

Share-based Compensation

Schedule of significant assumption used in the valuation of the Units

		(a) Override Value Units December 31,			(b) Override Value Units December 31,
		2010			2010
Estimated forfeiture rate			None			None
Derived service period			6 years			6 years
CVR Energy's closing stock price		$	15.18		$	15.18
Estimated fair value (per unit)		$	22.39		$	6.56
Marketability and minority interest discounts			20.0	%		20.0	%
Volatility			43.0	%		43.0	%

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Tabular disclosure of the changes in outstanding nonvested restricted stock.

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Tabular disclosure of the values of phantom units under stock based compensation plans.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of share-based compensation plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of the changes in outstanding nonvested shares.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 718

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

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-SubTopic 10

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