Share Units (In thousands) | Weighted-Average Grant Date Fair Value | |||||
Outstanding on January 1, 2013 | 17,584 | $ | 28.01 | |||
Granted | 6,425 | 32.67 | ||||
Conversions of restricted stock units1 | (5,220 | ) | 25.17 | |||
Paid in cash equivalent | (55 | ) | 32.25 | |||
Canceled/forfeited | (760 | ) | 30.33 | |||
Outstanding on December 31, 20132 | 17,974 | $ | 30.41 | |||
1 | Represents the target amount of performance share units converted to restricted stock units based on the financial results for the 2010-2012 performance period. The vesting of restricted stock units is subject to the terms of the performance share unit agreements. |
2 | The outstanding performance share units as of December 31, 2013, at the threshold award and maximum award levels were 9.0 million and 27.0 million, respectively. |