STOCK-BASED PLANS

9 Months Ended

Sep. 30, 2016

NOTE 12 STOCK BASED PLANS

Our stock based plans are described and informational disclosures are provided in the Notes to the Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2015.

Stock Options

The following table summarizes our stock option plan:


	Stock Options	Weighted Average Exercise Price
Stock Options outstanding at December 31, 2015	1,086,040	$	77.11
Granted	146,000		108.93
Exercised	(3,000)		60.33
Forfeited	(51,000)		125.62
Stock Options outstanding at September 30, 2016	1,178,040		78.96

Compensation costs related to stock options were $1.2 million and $3.5 million for the three and nine months ended September 30, 2016, respectively, of which $0.3 million and $1.1 million were capitalized to development projects during the same periods. Stock option costs were $1.2 million and $2.9 million for the three and nine months ended September 30, 2015, respectively, of which $0.6 million and $1.5 million were capitalized to development projects during the same periods.

Restricted Stock

The following table summarizes restricted stock activity:


	Restricted Stock	Weighted Average Grant Date Fair Value
Restricted stock outstanding at December 31, 2015	242,556	$	100.15
Granted	136,198		67.80
Vested	(37,670)		83.47
Forfeited	(4,985)		86.48
Restricted Stock outstanding at September 30, 2016	336,099		89.11

Compensation costs related to restricted stock awards was $1.2 million and $4.4 million for the three and nine months ended September 30, 2016, respectively, of which $0.3 million and $0.9 million were capitalized to development projects during the same periods. Compensation costs related to restricted stock awards was $1.5 million and $4.0 million for the three and nine months ended September 30, 2015, respectively, of which $0.2 million and $0.6 million were capitalized to development projects during the same periods.