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These excerpts taken from the AYR 10-K filed Mar 2, 2009. Share
based payments
In January 2009, the Company granted restricted common shares to
employees with a total fair value of $2.8 million. The
597,350 restricted common shares granted had grant prices which
ranged between $4.42 and $5.36 per share. Of these restricted
common shares, 347,350 vest over three years. The remaining
250,000 restricted common shares vest over five years. In
February 2009, the Company granted 125,000 restricted common
shares to certain directors with a total fair value of
$0.4 million. The shares vest on January 1, 2010. The
fair value of the restricted common shares granted is determined
based upon the market price of the common shares at grant date.
Share based payments In January 2009, the Company granted restricted common shares to employees with a total fair value of $2.8 million. The 597,350 restricted common shares granted had grant prices which ranged between $4.42 and $5.36 per share. Of these restricted common shares, 347,350 vest over three years. The remaining 250,000 restricted common shares vest over five years. In February 2009, the Company granted 125,000 restricted common shares to certain directors with a total fair value of $0.4 million. The shares vest on January 1, 2010. The fair value of the restricted common shares granted is determined based upon the market price of the common shares at grant date.
Share
based payments
In January 2009, the Company granted restricted common shares to
employees with a total fair value of $2,846. The 597,350
restricted common shares granted had grant prices which ranged
between $4.42 and $5.36 per share. Of these restricted common
shares, 347,350 vest over three years. The remaining 250,000
restricted common shares vest over five years. In February 2009,
the Company granted 125,000 restricted common shares to certain
directors with a total fair value of $351. The shares vest on
January 1, 2010. The fair value of the restricted common shares
granted is determined based upon the market price of the common
shares at grant date.
Share based payments In January 2009, the Company granted restricted common shares to employees with a total fair value of $2,846. The 597,350 restricted common shares granted had grant prices which ranged between $4.42 and $5.36 per share. Of these restricted common shares, 347,350 vest over three years. The remaining 250,000 restricted common shares vest over five years. In February 2009, the Company granted 125,000 restricted common shares to certain directors with a total fair value of $351. The shares vest on January 1, 2010. The fair value of the restricted common shares granted is determined based upon the market price of the common shares at grant date. This excerpt taken from the AYR 8-K filed Sep 26, 2007. Share Based Payments Compensation costs relating to share based payments are recognized based on the fair value of the equity instruments issued in accordance SFAS No. 123(R), Share-Based Payment. We use the straight line method of accounting for compensation cost on share based payment awards that contain pro-rata vesting provisions. Prior to our initial public offering, the fair value of the equity instruments was determined based on a valuation which took into account various assumptions that were subjective. Such assumptions involved projecting our earnings through the date of the anticipated initial public offering to develop an estimated annualized rate of earnings and annualized earnings and dividends per share. Key assumptions used in developing the projection included expected monthly acquisition volume through the date of the initial public offering, leverage and interest costs, revenues from new aircraft acquisitions and the growth of selling, general and administrative expenses. Compensation costs relating to share based payments recognized subsequent to the initial public offering are measured based upon the market price of our common shares at the grant date. We anticipate that the current requisite service periods will be obtained for employees with awards. | EXCERPTS ON THIS PAGE:
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