Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND EARNINGS PER SHARE (Tables)

v2.4.0.8
EQUITY AND EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders' Equity Note [Abstract]  
Schedule of outstanding options by strike price
Newcastle’s outstanding options at June 30, 2014 consisted of the following:
 
Number of Options
 
Strike Price (A)
 
Maturity Date
 
162,500
 
12.84
 
11/22/2014
 
330,000
 
12.03
 
1/12/2015
 
2,000
 
12.62
 
8/1/2015
 
170,000
 
11.95
 
11/1/2016
 
242,000
 
12.80
 
1/23/2017
 
456,000
 
11.19
 
4/11/2017
 
1,495,166
 
1.51
 
3/29/2021
 
2,294,833
 
0.86
 
9/27/2021
 
2,000
 
1.07
 
12/20/2021
 
1,867,167
 
1.61
 
4/3/2022
 
2,265,000
 
1.84
 
5/21/2022
 
2,499,167
 
1.83
 
7/31/2022
 
5,750,000
 
3.03
 
1/11/2023
 
2,300,000
 
3.54
 
2/15/2023
 
4,025,000
 
3.76
 
6/17/2023
 
5,795,095
 
4.04
 
11/22/2023
Total W/A
29,655,928
 
$
3.25
 
 
 
(A)
The strike prices are subject to adjustment in connection with return of capital dividends. In the first quarter of 2014 strike prices were adjusted by $0.32 reflecting the portion of Newcastle’s 2013 dividends which was deemed return of capital.
Schedule of outstanding options summary
As of June 30, 2014, Newcastle’s outstanding options were summarized as follows:
 
Issued Prior to 2011
 
Issued in 2011 and thereafter
 
Total
Held by the Manager
1,075,130
 
24,396,428
 
25,471,558
Issued to the Manager and subsequently transferred to certain of the Manager's employees
285,370
 
3,895,000
 
4,180,370
Issued to the independent directors
2,000
 
2,000
 
4,000
Total
1,362,500
 
28,293,428
 
29,655,928
Weighted average strike price
$
11.97
 
$
2.83
 
$
3.25