Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure Equity Based Compensation Additional Information [Abstract]

Additional Information Related to Equity-Based Compensation

Equity-Based Compensation (in thousands, except weighted average years):

	Three Months Ended September 30,				Nine Months Ended September 30,				Unrecognized Equity-Based Compensation as of		Weighted Average Years Remaining of Equity-Based Compensation as of
	2014		2013		2014		2013		September 30, 2014		September 30, 2014
SARs	$	195	$	599	$	646	$	1,801	$	666		1.51
Restricted Stock		5,870		1,020		15,431		3,446		42,015		2.50
DSUs	99		96		347		282		116			0.30
		6,164		1,715		16,424		5,529		42,797
Equity-Based Compensation for Consolidated Businesses	193		165		548		510			978		1.57
Total Equity-Based Compensation	$	6,357	$	1,880	$	16,972	$	6,039	$	43,775

Changes in Stock Appreciation Rights

Activity with respect to SARs during the three and nine months ended September 30, 2014 and 2013 was as follows:

	Three Months Ended September 30,
	2014						2013
	Number of SARs		Weighted Average Base Price		Weighted Average Fair Value		Number of SARs		Weighted Average Base Price		Weighted Average Fair Value
Granted		500	$	17.31	$	9.48		-	$	-	$	-
Exercised ⁽¹⁾		3,165	$	10.54	$	5.67		220,874	$	7.59	$	4.55
Forfeited		5,001	$	10.16	$	5.44		-	$	-	$	-


	Nine Months Ended September 30,
	2014						2013
	Number of SARs		Weighted Average Base Price		Weighted Average Fair Value		Number of SARs		Weighted Average Base Price		Weighted Average Fair Value
Granted		500	$	17.31	$	9.48		-	$	-	$	-
Exercised ⁽¹⁾		321,442	$	8.21	$	4.73		376,362	$	12.43	$	7.46
Forfeited		5,001	$	10.16	$	5.44		5,346	$	9.95	$	5.39

⁽¹⁾

The exercise of SARs listed in the three-month period table resulted in the issuance of 897 shares and 55,619 shares of Actua’s Common Stock during the three months ended September 30, 2014 and 2013, respectively. The exercise of SARs listed in the nine-month period table resulted in the issuance of 129,990 shares and 99,851 shares of Actua’s Common Stock during the nine months ended September 30, 2014 and 2013, respectively.

Assumptions Used to Determine Fair Value of Stock Appreciation Rights Granted to Employees

The following assumptions were used to determine the fair value of SARs granted to employees by Actua during the three and nine month periods ended September 30, 2014 and 2013:

	Three and Nine Months Ended September 30,
	2014			2013
Expected volatility		56	%		-	%
Average expected life of SAR (in years)		6.25			-
Risk-free interest rate		2.12	%		-	%
Dividend yield		-	%		-	%

Changes in Restricted Stock

Share activity with respect to restricted stock awards for the three and nine months ended September 30, 2014 and 2013 was as follows:

	Three Months Ended September 30,
	2014				2013
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Granted		9,000	$	17.31		-	$	-
Vested		8,326	$	9.25		8,576	$	9.25
Forfeited		1,875	$	10.22		-	$	-


	Nine Months Ended September 30,
	2014				2013
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Granted		3,239,948	$	17.22		168,190	$	13.06
Vested		245,744	$	12.02		146,480	$	10.69
Forfeited		368,541	$	9.96		10,395	$	10.58

Summary of Share Activity with Respect to Deferred Stock Units

Share activity with respect to periodically-issued DSUs for the nine months ended September 30, 2014 and 2013 was as follows:

	Nine Months Ended September 30,
	2014				2013
	Number of DSUs		Grant Date Fair Value		Number of DSUs		Grant Date Fair Value
Granted		22,500	$	17.63		29,250	$	13.09
Vested		29,250	$	13.09		41,250	$	8.40

Changes in Deferred Stock Units Related to Quarterly Grants

Activity related to grants of DSUs for service in lieu of cash for the three and nine months ended September 30, 2014 and 2013 was as follows:

	Three Months Ended September 30,
	2014				2013
	Number of DSUs		Expense Recognized (in thousands)		Number of DSUs		Expense Recognized (in thousands)
Granted and vested		3,815	$	82		8,378	$	97


	Nine Months Ended September 30,
	2014				2013
	Number of DSUs		Expense Recognized (in thousands)		Number of DSUs		Expense Recognized (in thousands)
Granted and vested		13,483	$	240		23,750	$	288

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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