Stock-Based Compensation

9 Months Ended

Sep. 30, 2013

5.	Stock-Based Compensation

We use stock options, performance share awards, and restricted stock units (“RSUs”) to compensate key employees and stock awards to compensate outside directors. During the nine months ended September 30, 2013, we granted to employees the following awards: 484,467 stock options, 176,020 performance share awards, and 136,949 RSUs. The total fair value of all awards granted to employees during the nine months ended September 30, 2013 was $26.9 million and related expense is expected to be recognized over a weighted-average period of three years. In April 2013, we granted 10,674 shares of common stock to outside directors at a grant date fair value of $64.64 per share. These awards to outside directors vested immediately and the related compensation cost was expensed at the time of the award based on the fair value of a share of Beam’s stock at the date of the award.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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