Incredimail 2012 Annual Report Download - page 125

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 2010, 2011 and 2012 was $ 1.23, $ 2.29
and $ 1.83, respectively.
As of December 31, 2012, the total compensation cost related to options granted to employees, not yet recognized,
amounted to $ 2,278. The cost is expected to be recognized over a weighted average period of 2.37 years.
Aggregate intrinsic value of options exercised in 2010, 2011 and 2012 amounted to $ 713, $ 580 and $ 555, respectively.
The options outstanding under the Company's Stock Option Plans as of December 31, 2012 have been separated into
ranges of exercise price as follows:
Stock-based compensation was recorded in the following items
NOTE 11:
-
SHAREHOLDERS' EQUITY (Cont.)
***) Represents intrinsic value of 650,672 exercisable options that are in-the-
money as of December 31, 2012. The
remaining 43,333 outstanding options are out of the money as of December 31, 2012, and their intrinsic value
was considered as zero.
Outstanding Exercisable
Weighted
average Weighted Weighted
Ranges of
remaining
average
average
exercise
Number of
contractual
exercise
Number of
exercise
price
options
life (years)
price
options
price
2.30
-
3.51
50,000
0.52
3.27
50,000
3.27
4.04
-
4.38
997,168
3.39
4.23
300,000
4.38
5.12
-
5.99
299,336
3.12
5.80
33,334
5.61
6.04
-
6.93
229,004
2.68
6.65
145,670
6.62
7.11
-
7.85
354,792
3.12
7.47
121,667
7.49
9.14-
9.98
393,334
4.59
9.80
43,334
9.98
2,323,634
694,005
Year ended December 31,
2010
2011
2012
Cost of sales
$
7
$
10
$
16
Research and development
145
108
221
Selling and marketing
151
78
168
General and administrative
458
987
651
Total Expenses
$
761
$
1,183
$
1,056
F
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33