Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 05/05/2017
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A summary of stock option awards outstanding as of March 31, 2017 and related activity during the six 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, 2016
 
4,231

 
$
9.48

 
$
3.80

Granted
 
318

 
15.39

 
5.96

Exercised
 
(491
)
 
11.18

 
4.49

Stock options outstanding at March 31, 2017
 
4,058

 
9.73

 
3.89

Stock options vested and exercisable at March 31, 2017
 
3,615

 
9.15

 
3.67

Stock options outstanding and expected to vest
 
4,058

 
9.73

 
3.89

A summary of restricted stock awards, restricted stock units and performance restricted stock units outstanding as of March 31, 2017 and related activity during the six 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, 2016
 
1,975

 
$
12.74

Granted
 
25

 
15.71

Exercised/Released
 
(1,832
)
 
12.69

Nonvested restricted stock outstanding at March 31, 2017
 
168

 
13.72

 
 
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, 2016
 
42

 
$
12.33

 
577

 
$
94.97

Granted
 
—

 
—

 
690

 
126.96

Vested/Exercised
 
(42
)
 
12.33

 
(491
)
 
109.09

Forfeited or Expired
 
—

 
—

 
(7
)
 
116.13

Restricted stock units outstanding at March 31, 2017
 
—

 
—

 
769

 
114.46

A summary of warrants outstanding as of March 31, 2017 and related activity during the six 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, 2016
 
1,200

 
$
13.13

 
$
3.22

Exercised
 
(600
)
 
13.13

 
3.22

Warrants outstanding at March 31, 2017
 
600

 
13.13

 
3.22

Warrants outstanding and expected to vest
 
600

 
13.13

 
3.22

HRG
HRG granted no stock option awards, restricted stock units or restricted stock awards during the three months ended March 31, 2017. During the six months ended March 31, 2017, HRG granted stock option awards and restricted stock awards representing approximately 318 thousand and 25 thousand, respectively. 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 six months ended March 31, 2017 on their respective grant dates was approximately $2.3. During the six months ended March 31, 2017, stock option awards and restricted stock awards with a total fair value of $29.8 vested. The total intrinsic value of share options exercised during the six months ended March 31, 2017 was $2.8, for which HRG received cash of $5.5 in settlement.
During the six months ended March 31, 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

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