Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 08/09/2016
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A summary of stock options outstanding as of June 30, 2016 and related activity during the nine months then ended are as follows (option amounts in thousands):
 
 
HRG
Stock Option Awards
 
Options
 
Weighted Average Exercise Price
 
Weighted
Average Grant
Date Fair Value
Stock options outstanding at September 30, 2015
 
4,770

 
$
9.25

 
$
3.70

Granted
 
28

 
13.93

 
5.07

Exercised
 
(497
)
 
8.25

 
3.24

Stock options outstanding at June 30, 2016
 
4,301

 
9.40

 
3.77

Stock options vested and exercisable at June 30, 2016
 
3,266

 
8.39

 
3.36

Stock options outstanding and expected to vest
 
4,301

 
9.40

 
3.77

A summary of restricted stock, restricted stock units and performance restricted stock units outstanding as of June 30, 2016 and related activity during the nine months then ended, under HRG and Spectrum Brands are as follows (share amounts in thousands):
 
 
HRG
Restricted Stock Awards
 
Shares
 
Weighted
Average Grant
Date Fair Value
Nonvested restricted stock outstanding at September 30, 2015
 
4,283

 
$
11.74

Granted
 
99

 
13.93

Exercised/Released
 
(2,315
)
 
10.93

Nonvested restricted stock outstanding at June 30, 2016
 
2,067

 
12.76

 
 
HRG
 
Spectrum Brands
Restricted Stock Units
 
Units
 
Weighted
Average Grant
Date Fair Value
 
Units
 
Weighted
Average Grant
Date Fair Value
Restricted stock units outstanding at September 30, 2015
 
42

 
$
12.33

 
608

 
$
87.50

Granted
 
6

 
13.93

 
588

 
94.78

Vested/Exercised
 
—

 
—

 
(544
)
 
86.81

Forfeited or Expired
 
—

 
—

 
(156
)
 
94.75

Restricted stock units outstanding at June 30, 2016
 
48

 
12.52

 
496

 
94.63

A summary of warrants outstanding as of June 30, 2016 and related activity during the nine months then ended, under HRG‘s incentive plan are as follows (share amounts in thousands):
 
 
HRG
Warrants
 
Units
 
Weighted Average Exercise Price
 
Weighted
Average Grant
Date Fair Value
Warrants outstanding at September 30, 2015
 
1,800

 
$
13.13

 
$
3.22

Warrants outstanding at June 30, 2016
 
1,800

 
13.13

 
3.22

Warrants vested and exercisable at June 30, 2016
 
600

 
13.13

 
3.22

Warrants outstanding and expected to vest
 
1,200

 
13.13

 
3.22

HRG
During the nine months ended June 30, 2016, HRG granted stock option awards, restricted stock awards and restricted stock unit awards representing approximately 28 thousand, 99 thousand and 6 thousand shares, respectively. HRG granted no stock option awards, restricted stock units or restricted stock awards during the three months ended June 30, 2016. All of these grants are time based, and vest either immediately, or over a period of up to 3 years. The total fair value of the stock grants during the nine months ended June 30, 2016 on their respective grant dates was approximately $1.6. During the nine months ended June 30, 2016, stock option awards and restricted stock awards with a total fair value of $30.5 vested. The total intrinsic value of share options exercised during the nine months ended June 30, 2016 was $2.6, for which HRG received cash of $4.1 in settlement.
During the nine months ended June 30, 2015, HRG granted stock option awards, restricted stock awards and restricted stock unit awards representing approximately 900 thousand, 1,885 thousand and 48 thousand shares, respectively. HRG granted stock option

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