TCF Bank 2010 Annual Report Download - page 93

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• 77 •
2010 Form 10-K
The following table reflects TCF’s stock option and restricted stock transactions under the Program since December 31, 2007.
Restricted Stock Stock Options
Exercise Price
Weighted-
Shares Price Range Shares Range Average
Outstanding at December 31, 2007 2,525,216 $ 9.87 - 30.28 144,050 $11.78 - 16.09 $13.91
Granted 753,650 9.41 - 17.37 2,626,000 12.85 - 15.75 14.65
Exercised – – (13,000) 11.78 - 14.30 12.56
Forfeited (222,850) 17.37 - 30.28 (383,631) 15.03 - 16.09 15.74
Vested (1,168,499) 9.87 - 28.02 – – –
Outstanding at December 31, 2008 1,887,517 9.41 - 30.28 2,373,419 11.78 - 15.75 14.44
Granted 718,761 8.29 - 13.43 – – –
Exercised – – (108,800) 11.78 - 14.52 14.14
Forfeited (481,000) 10.37 - 28.71 (56,000) 11.78 - 15.75 14.95
Vested (254,433) 17.33 - 30.28 – – –
Outstanding at December 31, 2009 1,870,845 7.57 - 30.28 2,208,619 12.85 - 15.75 14.44
Granted 307,433 11.50 - 14.60 – – –
Forfeited (20,000) 10.37 - 28.02 – – –
Vested (387,653) 8.29 - 28.71 – –
Outstanding at December 31, 2010 1,770,625 7.57 - 30.13 2,208,619 12.85 - 15.75 14.44
Exercisable at December 31, 2010 N.A. N.A. – – –
N.A. Not Applicable.
The following table summarizes information about stock options outstanding at December 31, 2010.
Stock Options Outstanding Stock Options Exercisable
Weighted-
Weighted- Average Weighted-
Average Remaining Average
Exercise Contractual Exercise
Exercise price range Shares Price Life in Years Shares Price
$12.85-$15.75 2,208,619 $14.44 7.26 – $ –