World Fuel Services 2013 Annual Report Download - page 76

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Restricted Stock Awards
The following table summarizes the status of our unvested restricted stock outstanding and related transactions for each of the
following years (in thousands, except weighted average grant-date fair value price and weighted average remaining vesting term data):
Unvested Restricted Stock Outstanding
Weighted
Weighted Average
Average Remaining
Unvested Grant-date Aggregate Vesting
Restricted Fair Value Intrinsic Term
Stock Price Value (in Years)
As of December 31, 2010 386 $20.84 $13,991 0.6
Granted 353 37.40
Vested (284) 20.49
Forfeited (9) 26.45
As of December 31, 2011 446 34.07 18,707 2.2
Granted 798 40.19
Vested (128) 26.26
Forfeited (16) 37.24
As of December 31, 2012 1,100 39.38 45,295 3.4
Granted 342 41.83
Vested (43) 37.00
Forfeited (25) 38.89
As of December 31, 2013 1,374 $40.07 $59,307 2.7
The aggregate value of restricted stock which vested during 2013, 2012 and 2011 was $1.7 million, $5.3 million and $10.6 million,
respectively, based on the average high and low market price of our common stock at the vesting date.
RSU Awards
The following table summarizes the status of our RSUs and related transactions for each of the following years (in thousands, except
for weighted average grant-date fair value data and weighted average remaining contractual life):
RSUs Outstanding
Weighted
Weighted Average
Average Remaining
Grant-date Aggregate Contractual
Fair Intrinsic Life
RSUs Value Value (in Years)
As of December 31, 2010 1,218 $18.34 $44,038 2.6
Granted 224 38.01
Issued (515) 14.03
Forfeited (26) 16.19
As of December 31, 2011 901 25.59 37,373 1.7
Granted 369 40.98
Issued (275) 16.12
Forfeited (14) 30.74
As of December 31, 2012 981 34.06 39,888 1.5
Granted 98 40.59
Issued (287) 32.00
Forfeited (45) 35.92
As of December 31, 2013 747 $35.61 $31,775 1.3
The aggregate intrinsic value of RSUs issued during 2013, 2012 and 2011 was $11.3 million, $11.6 million and $19.5 million,
respectively.
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