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The table below provides stock option information for the three months ended September 30, 2019:
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|
Number of
Shares |
|
Weighted-
Average
Exercise
Price Per
Share |
|
Weighted-
Average
Remaining
Contractual
Life |
|
Aggregate
Intrinsic
Value of
In-the-
Money
Options |
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|
|
|
|
|
|
|
(in thousands) |
|
Options outstanding at beginning of period |
336,438 |
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|
$ |
17.55 |
|
|
4.4 years |
|
$ |
1,162 |
|
(1) |
Options exercised |
(180,000 |
) |
|
$ |
16.43 |
|
|
4.2 years |
|
754 |
|
|
Options outstanding at end of period |
156,438 |
|
|
$ |
18.84 |
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|
4.4 years |
|
$ |
407 |
|
(2) |
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|
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Options exercisable at end of period |
156,438 |
|
|
$ |
18.84 |
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|
4.4 years |
|
$ |
407 |
|
(2) |
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(1) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $22.27 as of June 30, 2019, over the exercise price, multiplied by the number of options.
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(2) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $18.78 as of September 30, 2019, over the exercise price, multiplied by the number of options.
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The table below provides stock option information for the nine months ended September 30, 2019:
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|
|
|
Number of
Shares |
|
Weighted-
Average
Exercise
Price Per
Share |
|
Weighted-
Average
Remaining
Contractual
Life |
|
Aggregate
Intrinsic
Value of
In-the-
Money
Options |
|
|
|
|
|
|
|
|
(in thousands) |
|
Options outstanding at beginning of period |
338,338 |
|
|
$ |
17.52 |
|
|
4.6 years |
|
$ |
1,356 |
|
(1) |
Options exercised |
(181,900 |
) |
|
$ |
16.38 |
|
|
4.6 years |
|
604 |
|
|
Options outstanding at end of period |
156,438 |
|
|
$ |
18.84 |
|
|
4.4 years |
|
$ |
407 |
|
(2) |
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|
|
|
|
|
|
|
Options exercisable at end of period |
156,438 |
|
|
$ |
18.84 |
|
|
4.4 years |
|
$ |
407 |
|
(2) |
|
|
(1) |
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $19.70 as of December 31, 2018, over the exercise price, multiplied by the number of options.
|
(2)
Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $18.78 as of September 30, 2019, over the exercise price, multiplied by the number of options.
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