|
EQUITY AND EARNINGS PER SHARE (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Equity And Earnings Per Share Tables |
|
| Schedule of Outstanding Options |
Newcastle’s outstanding options were summarized as follows:
| |
|
December 31, 2012
|
|
|
December 31, 2011
|
|
| |
|
Issued Prior to
2011
|
|
|
Issued in 2011
and 2012
|
|
|
Total
|
|
|
Issued Prior to
2011
|
|
|
Issued in 2011
|
|
|
Total
|
|
|
Held by the Manager
|
|
|
1,751,172 |
|
|
|
7,934,166 |
|
|
|
9,685,338 |
|
|
|
1,686,447 |
|
|
|
4,312,500 |
|
|
|
5,998,947 |
|
|
Issued to the Manager and subsequently transferred to certain of Manager's employees
|
|
|
701,937 |
|
|
|
3,010,000 |
|
|
|
3,711,937 |
|
|
|
798,162 |
|
|
|
- |
|
|
|
798,162 |
|
|
Issued to the independent directors
|
|
|
10,000 |
|
|
|
2,000 |
|
|
|
12,000 |
|
|
|
14,000 |
|
|
|
2,000 |
|
|
|
16,000 |
|
|
Total
|
|
|
2,463,109 |
|
|
|
10,946,166 |
|
|
|
13,409,275 |
|
|
|
2,498,609 |
|
|
|
4,314,500 |
|
|
|
6,813,109 |
|
|
| Schedule of Options Rollforward |
The following table summarizes Newcastle’s outstanding options at December 31, 2012. Note that the last sales price on the New York Stock Exchange for Newcastle’s common stock in the year ended December 31, 2012 was $8.68 per share.
|
Recipient
|
|
Date of Grant/Exercise
|
|
|
Number of Options
|
|
|
Options Exercisable at December 31, 2012
|
|
|
Weighted Average Exercise Price (A)
|
|
|
Fair Value At Grant Date (Millions) (B)
|
|
|
|
Intrinsic Value at December 31, 2012 (millions)
|
|
|
Directors
|
|
Various
|
|
|
|
20,000 |
|
|
|
12,000 |
|
|
$ |
17.07 |
|
|
Not Material
|
|
|
|
|
- |
|
|
Manager (C)
|
|
2002 - 2007
|
|
|
|
3,523,727 |
|
|
|
2,453,109 |
|
|
$ |
26.87 |
|
|
$ |
6.4 |
|
|
|
|
- |
|
|
Manager (C)
|
|
Mar-11
|
|
|
|
1,725,000 |
|
|
|
1,207,500 |
|
|
$ |
6.00 |
|
|
$ |
7.0 |
|
(F)
|
|
$ |
4.5 |
|
|
Manager (C)
|
|
Sep-11
|
|
|
|
2,587,500 |
|
|
|
1,293,750 |
|
|
$ |
4.55 |
|
|
$ |
5.6 |
|
(G)
|
|
$ |
10.5 |
|
|
Manager (C)
|
|
Apr-12
|
|
|
|
1,897,500 |
|
|
|
506,000 |
|
|
$ |
6.22 |
|
|
$ |
5.6 |
|
(H)
|
|
$ |
4.7 |
|
|
Manager (C)
|
|
May-12
|
|
|
|
2,300,000 |
|
|
|
536,667 |
|
|
$ |
6.71 |
|
|
$ |
7.6 |
|
(I)
|
|
$ |
4.5 |
|
|
Manager (C)
|
|
Jul-12
|
|
|
|
2,530,000 |
|
|
|
421,667 |
|
|
$ |
6.70 |
|
|
$ |
8.3 |
|
(J)
|
|
$ |
5.0 |
|
|
Exercised (D)
|
|
Prior to 2008
|
|
|
|
(1,043,118 |
) |
|
|
N/A |
|
|
$ |
15.70 |
|
|
|
N/A |
|
|
|
|
N/A |
|
|
Exercised (E)
|
|
Oct-12
|
|
|
|
(95,834 |
) |
|
|
N/A |
|
|
$ |
5.28 |
|
|
|
N/A |
|
|
|
|
N/A |
|
|
Expired unexercised
|
|
2002
|
|
|
|
(35,500 |
) |
|
|
N/A |
|
|
|
N/A |
|
|
|
N/A |
|
|
|
|
N/A |
|
|
Outstanding
|
|
|
|
|
|
|
13,409,275 |
|
|
|
6,430,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Options Assigned |
|
Date of Grant
|
|
Range of Strike Prices
|
|
|
Total Unexercised
Inception to Date
|
|
|
2003
|
|
$ |
20.35-$22.85 |
|
|
|
164,197 |
|
|
2004
|
|
$ |
25.75-$31.40 |
|
|
|
226,125 |
|
|
2005
|
|
$ |
29.60 |
|
|
|
89,925 |
|
|
2006
|
|
$ |
29.42 |
|
|
|
48,875 |
|
|
2007
|
|
$ |
27.75-$31.30 |
|
|
|
172,815 |
|
|
2011
|
|
$ |
4.55-$6.00 |
|
|
|
1,460,000 |
|
|
2012
|
|
$ |
6.22-$6.71 |
|
|
|
1,550,000 |
|
| |
|
Total
|
|
|
|
3,711,937 |
|
|