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Stock Options And Restricted Stock
3 Months Ended
Mar. 31, 2012
Stock Options And Restricted Stock [Abstract]  
Stock Options And Restricted Stock

Note 2. Stock Options and Restricted Stock

The Company has two equity incentive plans: the AMERISAFE 2005 Equity Incentive Plan (the "2005 Incentive Plan") and the AMERISAFE 2010 Non-Employee Director Restricted Stock Plan (the "2010 Restricted Stock Plan"). See Note 13 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011 for additional information regarding the Company's incentive plans.

During the three months ended March 31, 2012, there were no stock options exercised. During the three months ended March 31, 2011, there were 124,800 stock options exercised. Related to these exercises, the Company received $1.2 million of stock option proceeds.

The Company recognized share-based compensation expense of $0.1 million in the quarters ended March 31, 2012 and 2011.