2012 Annual Report - Stone Energy Corporation

Stock Options. There were no stock option grants during the years ended December 31, 2012, 2011 or 2010.A summary of stock option activity under the 2009 Plan during the year ended December 31, 2012 is as follows (amounts intable represent actual values except where indicated otherwise):NumberofOptionsWgtd.Avg.ExercisePriceWgtd.Avg.TermAggregateIntrinsicValue(in thousands)Options outstanding, beginning of period ....... 438,394 $38.76Granted ............................................................ - -Exercised ......................................................... - -Forfeited .......................................................... (4,200) 35.54Expired ............................................................ (22,400) 34.25Options outstanding, end of period ................. 411,794 39.04 2.8 years $766Options exercisable, end of period .................. 378,004 41.00 2.5 years 459Options unvested, end of period ...................... 33,790 17.17 5.4 years 307Exercise prices for stock options outstanding at December 31, 2012 range from $6.97 to $53.20.A summary of stock option activity under the 2009 Plan during the year ended December 31, 2011 is as follows (amounts intable represent actual values except where indicated otherwise):NumberofOptionsWgtd.Avg.ExercisePriceWgtd.Avg.TermAggregateIntrinsicValue(in thousands)Options outstanding, beginning of period ....... 484,694 $39.43Granted ............................................................ - -Exercised ......................................................... - -Forfeited .......................................................... (13,300) 37.98Expired ............................................................ (33,000) 48.85Options outstanding, end of period ................. 438,394 38.76 3.6 years $1,143Options exercisable, end of period .................. 378,710 41.66 3.1 years 457Options unvested, end of period ...................... 59,684 20.36 6.1 years 686A summary of stock option activity under the 2009 Plan during the year ended December 31, 2010 is as follows (amounts intable represent actual values except where indicated otherwise):NumberofOptionsWgtd.Avg.ExercisePriceWgtd.Avg.TermAggregateIntrinsicValue(in thousands)Options outstanding, beginning of period ....... 495,283 $39.61Granted ............................................................ - -Exercised ......................................................... - -Forfeited .......................................................... (6,190) 40.85Expired ............................................................ (4,399) 57.76Options outstanding, end of period ................. 484,694 39.43 3.8 years $880Options exercisable, end of period .................. 396,115 43.21 3.4 years 176Options unvested, end of period ...................... 88,579 22.50 6.9 years 704Restricted Stock. The fair value of restricted shares is typically determined based on the average of our high and low stockprices on the grant date. During the year ended December 31, 2012, we issued 670,818 shares of restricted stock valued at$21,085. During the year ended December 31, 2011, we issued 597,062 shares of restricted stock valued at $14,100. During theyear ended December 31, 2010, we issued 395,869 shares of restricted stock valued at $6,251.F-25