STOCK-BASED PLANS

3 Months Ended

Mar. 31, 2012

STOCK-BASED PLANS

STOCK-BASED PLANS

NOTE 10               STOCK-BASED PLANS

Our stock based plans are described, and informational disclosures provided, in the notes to the Consolidated Financial Statements included in the Form 10-K for the year ended December 31, 2011. The following table summarizes our stock option plan activity:

	Stock Options		Weighted Average Exercise Price
Stock Options Outstanding at December 31, 2011	712,640		$	57.72
Granted	30,000		64.14
Forfeited	(13,700	)	62.55
Stock Options Outstanding at March 31, 2012	728,940		$	57.89

Options granted vest ratably over five years and expire ten years after the grant date and generally do not become exercisable until 2017.

During the first three months of 2012, there were no restricted common stock shares awarded, and as of March 31, 2012, 42,553 restricted common stock shares remained outstanding.