Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v2.4.0.8
Stock Options (Tables)
12 Months Ended
Dec. 31, 2013
Stock Options  
Summary of stock option activity

 

 

 

 

Options

 

Weighted
Average
Exercise Price

 

Weighted
Average
Remaining
Contractual
Term(Years)

 

Outstanding at December 31, 2011:

 

1,945,688

 

2.41

 

7.35

 

Granted

 

267,576

 

2.99

 

 

 

Forfeited

 

(354,932

)

(2.48

)

 

 

Exercised

 

(58,341

)

(0.27

)

 

 

Outstanding at December 31, 2012:

 

1,799,991

 

2.54

 

7.66

 

Granted

 

261,000

 

3.72

 

 

 

Forfeited

 

(58,843

)

(3.48

)

 

 

Exercised

 

(32,656

)

(2.25

)

 

 

Outstanding at December 31, 2013

 

1,969,492

 

2.68

 

6.61

 

Exercisable at December 31, 2013

 

1,294,290

 

2.57

 

6.37

 

Schedule of non-vested share-based payment activity with employees

 

 

 

 

Number of Options

 

Weighted Average
Grant Date Fair Value

 

Nonvested options - December 31, 2011:

 

1,263,205

 

1.41

 

Granted

 

267,576

 

2.99

 

Vested

 

(317,734

)

(1.92

)

Forfeited

 

(354,932

)

(2.48

)

Nonvested options - December 31, 2012:

 

858,115

 

2.36

 

Granted

 

261,000

 

3.72

 

Vested

 

(385,076

)

(2.22

)

Forfeited

 

(58,843

)

(3.48

)

Nonvested options - December 31, 2013

 

675,196

 

2.88