Stamps.com 2013 Annual Report Download - page 74

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STAMPS.COM INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following tables summarize information concerning outstanding and exercisable options at December 31, 2013 (in thousands, except
number of years and per share amounts):
The following table summarizes stock option activity for 2013:
The aggregate intrinsic value in the table above represents the total pretax intrinsic value, based on our closing stock price of $42.10 at
December 31, 2013, the last trading day of 2013, which would have been received by award holders had all award holders exercised their awards
that were in-the-money as of that date.
The weighted average grant date fair value of options granted during 2013, 2012 and 2011 was $13.48, $9.41 and $5.05, respectively. The
weighted average grant date fair value of options vested during 2013, 2012 and 2011 was $5.47, $5.03 and $4.78, respectively. The total intrinsic
value of options exercised during 2013, 2012 and 2011 was approximately $24.0 million, $8.4 million and $25.1 million, respectively.
F-24
Table of Contents
Options Outstanding
Options Exercisable
Range of Exercise Prices
Number
Outstanding
Weighted
Average
Remaining
Contractual
Life (in Years)
Weighted
Average
Exercise
Price per
Share
Number
Exercisable
Weighted
Average
Exercise
Price per
Share
$0.00
-
$9.99
40
6.5
$
6.61
28
$
9.15
$10.00
-
$19.99
649
6.3
12.76
408
12.81
$20.00
-
$29.99
191
8.1
25.12
55
24.23
$30.00
-
$39.99
48
8.6
36.21
20
35.79
$40.00
-
$49.99
68
9.7
43.55
1
44.03
$0.00
-
$49.99
996
7.0
$
18.12
512
$
14.75
Number of
Stock
Options (in
thousands)
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life
(in years)
Aggregate
Intrinsic
Value
(in
thousands)
Outstanding at December 31, 2012
1,861
$
14.33
Granted
164
34.29
Exercised
(991
)
13.55
Forfeited or expired
(38
)
21.57
Balance at December 31, 2012
996
$
18.12
7.0
$
23,991
Exercisable at December 31, 2012
512
$
14.75
5.8
$
13,991