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SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2015

SHARE-BASED COMPENSATION [Abstract]

Fair Value of Each Option Grant Estimated

The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions shown as a weighted average for the year:

		Three Months Ended March 31,
		2015				2014
Expected option life			5.25 years				6 years
Risk-free interest rate			1.49 - 1.68%				2.62 - 2.73%
Expected volatility			36.29- 39.58%				37.20%
Dividend yield			0%				0%

Summary of Company's Restricted Stock Activity

A summary of HC2’s restricted stock activity during the three months ended March 31, 2015 is as follows:

								Weighted
								Average
								Grant Date
				Shares				Fair Value
	Unvested – December 31, 2014				338,702			$	4.26
	Granted				1,436,281			$	9.00
	Vested				(876,014	)		$	8.99
	Forfeitures				—			$	—
	Unvested – March 31, 2015				898,969			$	7.23

Summary of Company's Stock Option Activity

A summary of HC2’s stock option activity during the three months ended March 31, 2015 is as follows:

								Weighted
								Average
				Shares				Exercise Price
	Outstanding – December 31, 2014				3,573,141			$	4.27
	Granted				691,205			$	8.82
	Exercised				—			$	—
	Forfeitures				(4,335	)		$	2.79
	Outstanding – March 31, 2015				4,260,011			$	5.01
	Eligible for exercise				1,576,470			$	5.16

Intrinsic Values and Remaining Contractual Terms of Company's Stock Options

The following table summarizes the intrinsic values and remaining contractual terms of HC2’s stock options (in thousands):

								Weighted
								Average
				Intrinsic				Remaining
				Value				Life in Years
	Options outstanding – March 31, 2015			$	26,781				9.4
	Options exercisable – March 31, 2015			$	9,649				9.3

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

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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.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

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

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

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Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible).

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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