Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v2.4.0.6
SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2012
Unrecognized Share-Based Compensation Expense

As of September 30, 2012, unrecognized share-based compensation expense was as follows:

 

     Unrecognized
Expense		      Average Expected
Recognition Period		  
     (In Thousands)  

Stock Option Awards

    $ 84         2.3 years   

Restricted Stock Awards

      92         1.8 years   
  

 

 

     

Total Unrecognized Share-Based Compensation Expense

    $ 176         2.1 years   
  

 

 

     
Share-Based Payment Award Activity

The table below provides stock option information for the three months ended September 30, 2012:

 

     Number
of
Shares 		    Weighted-
Average
Exercise
Price Per
Share		      Weighted-
Average
Remaining
Contractual
Life		      Aggregate
Intrinsic
Value of
In-the-Money
Options		  
     (Dollars in Thousands, Except Per Share Data)  

Options Outstanding at Beginning of Period

      129,900      $ 79.86         5.1 years       $ 14  (1) 

Options Expired

      (1,075 )    $ 129.01         2.7 years         —     
  

 

 

          

Options Outstanding at End of Period

      128,825      $ 79.45         4.9 years       $ 120  (2) 

Options Exercisable at End of Period

      105,325      $ 94.92         4.3 years       $ 57  (2) 

(1)

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $10.48 as of June 30, 2012, 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 $12.81 as of September 30, 2012, over the exercise price, multiplied by the number of options.

The table below provides stock option information for the nine months ended September 30, 2012:

 

     Number
of
Shares 		    Weighted-
Average
Exercise
Price Per
Share		      Weighted-
Average
Remaining
Contractual
Life		      Aggregate
Intrinsic
Value of
In-the-Money
Options		  
     (Dollars in Thousands, Except Per Share Data)  

Options Outstanding at Beginning of Period

      143,325      $ 81.27         5.5 years       $ —    (1) 

Options Expired

      (14,500 )    $ 97.49         4.2 years       $ —     
  

 

 

          

Options Outstanding at End of Period

      128,825      $ 79.45         4.3 years       $ 120  (2) 

Options Exercisable at End of Period

      105,325      $ 94.92         4.3 years       $ 57  (2) 

(1) 

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $7.40 as of December 31, 2011, 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 $12.81 as of September 30, 2012, over the exercise price, multiplied by the number of options.
Information for Restricted Stock Awards

The table below provides information for restricted stock awards for the three and nine months ended September 30, 2012:

 

     Three Months Ended
September 30, 2012		      Nine Months Ended
September 30, 2012		  
     Number
of
Shares		      Weighted-
Average
Grant Date
Fair Value
Per Share		      Number
of
Shares		     Weighted-
Average
Grant Date
Fair Value
Per Share		  

Restricted Stock at Beginning of Period

      13,225       $ 12.10         19,725      $ 11.87   

Restricted Stock Vested

      —         $ —           (6,500 )    $ 10.75   
  

 

 

        

 

 

    

Restricted Stock at End of Period

      13,225       $ 12.10         13,225      $ 12.10