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SHARED-BASED COMPENSATION
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION
Long-Term Incentive Plan Grants
On May 19, 2016, pursuant to the 2015 Long-Term Incentive Plan, we granted 453,219 shares of restricted stock. Holders of outstanding restricted stock have all the rights of a holder of common stock of ITC Holdings, including dividend and voting rights. Restricted stock holders receive cash dividends at each dividend payment date. The restricted stock shares generally vest three years after the grant date. Holders of restricted shares generally may not sell, transfer or pledge their respective shares until vesting occurs.
Stock Option Exercises
We issued 378,250 and 1,203,376 shares of our common stock during the six months ended June 30, 2016 and the year ended December 31, 2015, respectively, due to the exercise of stock options.