Stock-Based Compensation and Other Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2016

MasTec grants restricted stock awards and restricted stock units (together



Activity, stock options:	Stock Options		Per Share Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value ^(a) (in millions)
Options outstanding and exercisable as of December 31, 2015	202,700		$	13.06	0.55	$	0.9
Exercised	(202,700	)	13.06
Options outstanding and exercisable as of September 30, 2016	—		$	—	—	$	—


(a)	Amount represents the difference between the exercise price and the closing share price of the Company’s stock on the last trading day of the corresponding period, multiplied by the number of in-the-money options.

The following table provides details pertaining to the Company’s ESPPs for the periods indicated:



	For the Nine Months Ended September 30,
	2016		2015
Cash proceeds (in millions)	$	2.0	$	1.3
Common shares issued	115,556		86,687
Weighted average price per share	$	16.88	$	15.33
Weighted average per share grant date fair value	$	4.58	$	4.20

Details of non-cash stock-based compensation expense and related tax benefits for the periods indicated were as follows (in millions):



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2016		2015		2016		2015
Non-cash stock-based compensation expense	$	3.9	$	3.2	$	11.3	$	9.5
Income Tax Effects:
Income tax benefit from non-cash stock-based compensation	$	1.7	$	1.2	$	5.6	$	3.7
Excess tax benefit from non-cash stock-based compensation ^(a)	$	0.3	$	—	$	1.4	$	0.1


(a)	Excess tax benefits, which represent cash flows from tax deductions in excess of the tax effect of compensation expense associated with exercised stock options and vested restricted shares, are classified as financing cash flows in the Company’s condensed unaudited consolidated statements of cash flows.