Incredimail 2013 Annual Report Download - page 131

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PERION NETWORK LTD. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands (except share and per share data)
The weighted-average grant-
date fair value of options granted during the years 2011, 2012 and 2013 was $ 2.3, $ 1.8 and
$ 3.1, respectively.
Aggregate intrinsic value of options exercised in 2011, 2012 and 2013 amounted to $ 580, $ 555 and $ 5,437, respectively.
The options outstanding under the Company's Stock Option Plan as of December 31, 2013 have been separated into
ranges of exercise price as follows:
In addition to granting stock options, starting 2013 the Company started to grant Restricted Stock Units ("RSUs"). The
Company records compensation expenses based over the vesting period.
RSUs vest over three year period of employment.
RSUs that are cancelled or forfeited become available for future grants.
NOTE 11:
-
SHAREHOLDERS' EQUITY (Cont.)
Outstanding
Exercisable
Weighted
average
Weighted
Weighted
Ranges of
Number
remaining
average
Number
average
exercise
of
contractual
exercise
of
exercise
price
options
life (years)
price
options
price
4.04
-
4.38
584,866
2.99
4.06
308,421
4.07
5.12
-
5.99
174,865
2.74
5.38
140,363
5.38
6.04
-
6.93
143,003
1.24
6.68
99,669
6.74
7.11
-
7.85
198,444
2.48
7.54
91,083
7.68
8.67
269,500
4.09
8.67
-
-
9.14
-
9.98
77,500
2.63
9.68
36,666
9.48
10.23
-
10.65
141,000
4.36
10.42
-
-
12.56-
13.54
124,375
4.63
13.14
-
-
1,713,553
676,203
RSUs:
F
-
37