Windstream 2012 Annual Report Download - page 167

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-69
9. Share-Based Compensation Plans, Continued:
The aggregate intrinsic value in the table above represents the total pretax intrinsic value (the difference between the closing
sale price of Windstream's common stock as reported on the NASDAQ Global Select Market on December 31, 2012 and the
option exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders
if all option holders had exercised their options on December 31, 2012. This amount changes based on the fair market value of
Windstream's common stock. The aggregate intrinsic value of options exercised during the year ended December 31, 2012 was
approximately $2.8 million.
Total compensation expense related to stock options granted was approximately $0.2 million and $0.1 million for the years
ended December 31, 2012 and 2011, respectively.
The following table summarizes stock option information as of December 31, 2012:
Options Outstanding Options Exercisable
Range of Exercise Prices
(Thousands)
Number of
Options
Weighted
Average
Exercise
Price
(Thousands)
Number of
Options
Weighted
Average
Exercise
Price
$0.00-$4.70 291.3 $ 4.00 283.9 $ 4.03
$4.71-$8.30 439.2 $ 7.26 323.9 $ 6.96
$8.31-$14.00 506.8 $ 10.62 427.4 $ 10.82
$14.01-$29.27 591.9 $ 20.42 591.9 $ 20.42
1,829.2 $ 11.93 1,627.1 $ 12.36
As of December 31, 2012, there was approximately $0.1 million of total unrecognized share-based compensation expense
related to unvested stock options granted under the Stock Incentive Plans. We expect to recognize the expense over a weighted
average period of approximately 1.1 years .