Rendering

Component: (Network and Table)
Network
2317301 - Disclosure - Long-term Incentive Compensation Plans (Tables)
(http://www.abglobal.com/role/LongTermIncentiveCompensationPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation Related Costs [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation Related Costs [Abstract]
 
Schedule of Black-Scholes Option Assumptions Valuation Model
The weighted average fair value of options to buy AB Holding Units granted during 2016, 2015 and 2014 was $2.75, $4.13 and $4.78, respectively, on the date of grant, determined using the Black-Scholes option valuation model with the following assumptions:
 
2016
 
2015
 
2014
Risk-free interest rate
1.3
%
 
1.5
%
 
1.5
%
Expected cash distribution yield
7.1
%
 
7.1
%
 
8.4
%
Historical volatility factor
31.0
%
 
32.1
%
 
48.9
%
Expected term
6.0 years

 
6.0 years

 
6.0 years

 
 
Summary of Option Awards Activity
The activity in our option plan during 2016 is as follows:
 
Options to Buy
AB Holding
Units
 
Weighted
Average
Exercise 
Price
Per Option
 
Weighted
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2015
5,398,471

 
$
47.59

 
2.9
 
 
Granted
54,546

 
22.64

 
 
 
 
Exercised
(358,262
)
 
17.05

 
 
 
 
Forfeited

 

 
 
 
 
Expired
(9,712
)
 
65.02

 
 
 
 
Outstanding as of December 31, 2016
5,085,043

 
49.45

 
2.0
 
$

Exercisable as of December 31, 2016
4,700,909

 
47.58

 
1.9
 

Vested or expected to vest as of December 31, 2016
5,085,043

 
49.45

 
2.0
 

 
 
Summary of Activity of Unvested Restricted Holding Units
Changes in unvested restricted AB Holding Units during 2016 are as follows:
 
AB Holding
Units
 
Weighted Average
Grant Date Fair
Value per AB Holding
Unit
Unvested as of December 31, 2015
19,779,814

 
$
22.05

Granted
7,085,482

 
23.14

Vested
(7,384,528
)
 
21.58

Forfeited
(334,727
)
 
24.05

Unvested as of December 31, 2016
19,146,041

 
22.60