Juno 2013 Annual Report Download - page 130

Table of Contents
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
On March 6, 2014, the Secondary Compensation Committee of the Board of Directors of United Online, Inc. approved restricted stock unit grants
to certain non-executive officer employees totaling 0.1 million shares. The restricted stock units will vest as to one-third of the total number of units
awarded annually over a three-year period beginning February 15, 2014.
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The following table summarizes stock option activity for the year ended December 31, 2013:
The Company did not grant any stock options during the year ended December 31, 2013. The weighted-average grant date fair value of stock
options granted during the year ended December 31, 2012 and 2011 was $2.02 and $3.74, respectively. The total intrinsic value of stock options
exercised during the years ended December 31, 2013, 2012 and 2011 was $1.5 million, $6,000, and $0.1 million, respectively. Cash received from the
exercise of stock options was $5.1 million for the year ended December 31, 2013. Cash received from the exercise of stock options was immaterial for
the years ended December 31, 2012 and 2011. Tax benefits realized from stock options exercised in the year ended December 31, 2013 was
$1.2 million, prior to consideration of our deferred tax asset valuation allowance. See Note 9—"Income Taxes". Tax benefits realized from stock
options exercised in the years ended December 31, 2012 and 2011 were immaterial. At December 31, 2013, total unrecognized compensation cost
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 
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 
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        
Outstanding at
December 31,
2012 1,599 $ 14.82
Exercised (417) $ 12.27
Canceled (95) $ 21.35
FTD Spin-
Off
Transaction (616) *
Outstanding at
December 31,
2013 471 $ 17.03 5.1 $ 93
Exercisable at
December 31,
2013 358 $ 18.16 4.5 $ 60
Expected to vest
at
December 31,
2013 113 $ 13.47 7.1 $ 33
(a) Reflects the one-for-seven reverse stock split implemented immediately prior to the completion of the FTD Spin-Off Transaction.
(b) Reflects the equitable adjustment to the exercise prices and number of outstanding stock options necessary to maintain the
intrinsic value of those awards immediately prior to and following the FTD Spin-Off Transaction.
*Not meaningful