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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Status of Stock Option Plans

A summary of the status of the Corporation’s stock option plans as of September 30, 2013 and December 31, 2012, and changes during the periods ending on those dates is presented below:

 

    

Nine Months ended

September 30, 2013

    

Year ended

December 31, 2012

 
     Shares     Weighted-
average
exercise
price
     Shares     Weighted-
average
exercise
price
 

Outstanding at beginning of period

     581,888      $ 4.62         587,342      $ 4.68   

Granted

     0        0         0        0   

Exercised

     0        0         0        0   

Forfeited

     (587     2.40         (5,454     10.63   

Expired

     (16,518     16.13         0        0   
  

 

 

   

 

 

    

 

 

   

 

 

 

Outstanding at end of period

     564,783      $ 4.29         581,888      $ 4.62   
  

 

 

   

 

 

    

 

 

   

 

 

 

Options exercisable at period end

     456,473      $ 4.76         395,233      $ 5.70   
  

 

 

   

 

 

    

 

 

   

 

 

 

Weighted-average fair value of options granted during the period

     $ N/A         $ N/A   
Summary of Options Outstanding

The following information applies to options outstanding at September 30, 2013:

 

         Options Outstanding      Options Exercisable  

Range of

Exercise

Prices

        Number
Outstanding
     Weighted-
Average

Remaining
Contractual

Life (Years)
     Aggregate
Intrinsic
Value
     Weighted-
Average

Exercise
Price
     Number
Exercisable
     Aggregate
Intrinsic
Value
     Weighted-
Average

Exercise
Price
 

$1.90 – $2.51

       470,100         6.6          $ 2.39         361,790          $ 2.41   

$8.92

       18,877         4.3            8.92         18,877            8.92   

$11.36 – $12.35

       43,473         2.6            13.69         43,473            13.69   

$16.51 – $17.17

       32,333         1.2            16.60         32,333            16.60   
    

 

 

    

 

 

       

 

 

    

 

 

       

 

 

 
       564,783         5.9       $ 773,157       $ 4.29         456,473       $ 586,638       $ 4.76   

 

(1) 

The intrinsic value is based on the difference of Camco’s stock price on the grant date and the stock price at September 30, 2013.

Summary of Unvested Options and Changes During the Year

A summary of unvested options as of, and changes during the period ended, September 30, 2013, were as follows:

 

Unvested options:    Number     Intrinsic Value  

Beginning of period

     186,655      $ 193,447   

Granted

     0     

Forfeited

     (271  

Vested during the period

     (78,074  
  

 

 

   

 

 

 

Unvested options at September 30, 2013

     108,310      $ 186,519   
  

 

 

   

 

 

 
Summary of Restricted Stock Award Activity

A summary of restricted stock award activity for the period is presented below:

 

     Non-vested Number of
Shares
    Weighted Average Grant
Date Fair Value
 

Non-vested balance at December 31, 2012

     219,989      $ 2.39   

Granted

     171,819      $ 3.47   

Vested

     (123,134   $ 2.91   

Forfeited

     (951   $ 3.09   
  

 

 

   

 

 

 

Non-vested balance at September 30, 2013

     267,723      $ 2.84