eFax 2013 Annual Report Download - page 80

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Stock Options
Stock option activity for the years ended December 31, 2013, 2012 and 2011 is summarized as follows:
The Company did not grant any options to purchase shares of common stock during the year ended December 31, 2013 .
The per share weighted-average grant-date fair values of options granted during the years 2012 and 2011 were $7.92 and $12.54 , respectively.
The total intrinsic values of options exercised during the years ended December 31, 2013 , 2012 and 2011 were $11.9 million , $4.5 million and $41.4 million
,
respectively. The total fair value of options vested during the years ended December 31, 2013 , 2012 and 2011 was $3.1 million , $4.7 million and $4.6 million , respectively.
Cash received from options exercised under all share-based payment arrangements for the years ended December 31, 2013 , 2012 and 2011 was $13.6 million ,
$5.6
million and $7.1 million , respectively. The actual tax benefit realized for the tax deductions from option exercises under the share-based payment arrangements totaled
$3.9
million , $1.6 million and $14.2 million , respectively, for the years ended December 31, 2013 , 2012 and 2011 .
At December 31, 2013 , the exercise prices of options granted under and outside the 2007 Plan and the 1997 Plan ranged from $9.55 to $34.73 , with a weighted-
average remaining contractual life of 4.03 years .
- 78 -
Number of Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining Contractual
Life (In Years)
Aggregate
Intrinsic
Value
Options outstanding at December 31, 2010
3,794,394
$
14.40
Granted
163,319
$
29.42
Exercised
(1,820,678
)
$
7.92
Canceled
(49,340
)
$
24.76
Options outstanding at December 31, 2011
2,087,695
$
20.99
Granted
67,000
$
27.26
Exercised
(357,234
)
$
15.81
Canceled
(32,000
)
$
31.34
Options outstanding at December 31, 2012
1,765,461
$
22.08
Granted —
$
—
Exercised
(569,204
)
$
23.90
Canceled
(20,600
)
$
21.79
Options outstanding at December 31, 2013
1,175,657
$
21.21
4.0
$33,858,816
Exercisable at December 31, 2013
845,198
$
20.35
3.1
$25,068,917
Vested and expected to vest at December 31, 2013
1,132,886
$
21.01
3.9
$32,856,049