Stockholders' Equity, Restricted Stock, Stock Options and Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2012

The following is a summary of the changes in our common shares issued for the Current Period and Prior Period:



	2012	2011
	(in thousands)
Shares issued at January 1	660,888	655,251
Restricted stock issuances (net of forfeitures)	5,758	5,096
Stock option exercises	309	394
Preferred stock conversion	—	111
Shares issued at September 30	666,955	660,852

Changes In Preferred Stock

The following reflects our preferred shares outstanding for the Current Period and Prior Period:



	5.75%		5.75% (A)	4.5%	5.00% (2005B)
	(in thousands)
Shares outstanding at January 1, 2012 and September 30, 2012	1,497		1,100	2,559	2,096

Shares outstanding at January 1, 2011	1,500		1,100	2,559	2,096
Conversion of preferred shares into common stock	(3	)	—	—	—
Shares outstanding at September 30, 2011	1,497		1,100	2,559	2,096

Stock-Based Compensation

We recorded the following stock-based compensation during the Current Quarter, the Prior Quarter, the Current Period and the Prior Period:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	($ in millions)
Natural gas and oil properties	$	18	$	30	$	55	$	90
General and administrative expenses	17		24		55		71
Natural gas, oil and NGL production expenses	6		8		18		26
Marketing, gathering and compression expenses	4		5		12		14
Oilfield services expenses	2		3		8		8
Total	$	47	$	70	$	148	$	209

Summary Of The Status Of The Unvested Shares Of Restricted Stock

Restricted Stock. Chesapeake began issuing shares of restricted common stock to employees in January 2004 and to non-employee directors in July 2005. A summary of the changes in unvested shares of restricted stock for the Current Period is presented below.



	Number of Unvested Restricted Shares		Weighted Average Grant-Date Fair Value
	(in thousands)
Unvested shares as of January 1, 2012	19,544		$	26.97
Granted	9,375		$	21.16
Vested	(7,225	)	$	28.87
Forfeited	(1,165	)	$	24.90
Unvested shares as of September 30, 2012	20,529		$	23.76

The following table provides information related to stock option activity for the Current Period:



	Number of Shares Underlying Options		Weighted Average Exercise Price Per Share		Weighted Average Contract Life in Years	Aggregate Intrinsic Value^(a)
	(in thousands)					($ in millions)
Outstanding at January 1, 2012	1,051		$	9.84	1.41	$	13
Exercised	(322	)	$	6.53
Outstanding and exercisable at September 30, 2012	729		$	11.31	0.96	$	6

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(a)	The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option.