The following summarizes the activity related to the Phantom Shares issued:
Years Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Deferred Phantom Shares |
Weighted Average Grant Date Fair Value |
Deferred Phantom Shares |
Weighted Average Grant Date Fair Value |
Deferred Phantom Shares |
Weighted Average Grant Date Fair Value |
|||||||||||||||||||
Outstanding at beginning of period |
1,508,785 | $ | 3.54 | 4,944,476 | $ | 2.37 | 3,988,292 | $ | 1.44 | |||||||||||||||
Granted and vested |
— | — | — | — | 956,184 | 6.23 | ||||||||||||||||||
Settled |
(1,190,054) | 2.82 | (3,435,691) | 1.85 | — | — | ||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Outstanding at end of period |
318,731 | 6.22 | 1,508,785 | 3.54 | 4,944,476 | 2.37 | ||||||||||||||||||
|
|
|
|
|
|