Quarterly report pursuant to sections 13 or 15(d)

Stock Plans and Non-Qualified Option Agreement

v2.4.0.8
Stock Plans and Non-Qualified Option Agreement
3 Months Ended
Mar. 31, 2014
Stock Plans and Non-Qualified Option Agreement [Abstract]  
Stock Plans and Non-Qualified Option Agreement
5. Stock Plans and Non-Qualified Option Agreement

The summary of the Company’s total Stock Plans and a Non-Qualified Stock Option Agreement (which was forfeited in second quarter of 2013) as of March 31, 2014, as compared to March 31, 2013, and changes during the periods then ended, are presented below.  The Company’s Plans consist of the 1993 Non-Qualified Stock Option Plan (last options expired February 2013), the 2004 and 2010 Stock Option Plans, and the 2003 Outside Directors Stock Plans:
 
 
 
 
   
   
Weighted Average
   
Aggregate
 
 
 
   
Weighted Average
   
Remaining
   
Intrinsic
 
 
 
Shares
   
Exercise Price
   
Contractual Term
   
Value
 
Options outstanding January 1, 2014
362,800
$
9.53
Granted
   
   
   
   
 
Exercised
$
Forfeited
(22,000
)
8.17
Options outstanding End of Period (2)
   
340,800
     
9.62
     
2.7
   
$
47,790
 
Options Exercisable at March 31, 2014(2)
   
334,800
   
$
9.73
     
2.6
   
$
37,710
 
Options Vested and expected to be vested at March 31, 2014
   
340,800
   
$
9.62
     
2.7
   
$
47,790
 
 
 
               
Weighted Average
     
Aggregate
 
 
        
Weighted Average
   
Remaining
     
Intrinsic
 
 
 
Shares
   
Exercise Price
   
Contractual Term
     
Value
 
Options outstanding January 1, 2013
   
528,800
   
$
9.82
                 
Granted
 
   
                 
Exercised
 
   
           
$
 
Forfeited
   
(82,000
)
   
10.86
                 
Options outstanding End of Period (1)
   
446,800
     
9.63
     
3.8
   
$
 
Options Exercisable at March 31, 2013(1)
   
369,300
   
$
10.12
     
3.3
   
$
 
Options Vested and expected to be vested at March 31, 2013
   
446,800
   
$
9.63
     
3.8
   
$
 

(1)
Options with exercise prices ranging from $5.50 to $14.75
(2)
Options with exercise prices ranging from $2.79 to $14.75