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STOCK BASED COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2014
STOCK BASED COMPENSATION PLANS  
Summary of the grants

 

 

 

For the Three Months Ended March 31,

 

 

 

2014

 

2013

 

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

Number of

 

Average

 

Number of

 

Average

 

 

 

Units

 

Fair Value

 

Units

 

Fair Value

 

Grants - Class A Common Stock (restricted)

 

1,687,513

 

$

28,637,096

 

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Amortization to compensation expense

 

 

 

 

 

 

 

 

 

Predecessor compensation expense

 

 

 

(290,171

)

 

 

(474,501

)

LP Units

 

 

 

(351,259

)

 

 

—

 

Class A Common Stock (restricted)

 

 

 

(1,683,550

)

 

 

—

 

Total amortization to compensation expense

 

 

 

$

(2,324,980

)

 

 

$

(474,501

)

 
Schedule of status of the Class A Common Stock of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan and the Class A-2 Common Units, Series A Participating Preferred Units and Series B Participating Preferred Units granted under the 2008 Plan and changes

 

 

 

Class A
Common
Shares

 

Class A
Common Units

 

Series B
Participating
Preferred Units

 

LP Units

 

 

 

 

 

 

 

 

 

 

 

Outstanding at January 1, 2014

 

—

 

365,407

 

14,276

 

—

 

Granted

 

1,687,513

 

—

 

—

 

—

 

Vested

 

—

 

(32,365

)

(993

)

(575,388

)

Returned

 

—

 

—

 

(165

)

(985

)

Converted

 

—

 

(333,042

)

(13,118

)

3,186,066

 

Outstanding at March 31, 2014

 

1,687,513

 

—

 

—

 

2,609,693

 

 

(1)         Converted to LP Units of LCFH on February 11, 2014 in connection with IPO.