Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value of Option Grants Used in Measuring Compensation Expense

The fair value of stock option grants used in measuring compensation expense was determined using the Black-Scholes option pricing model with the following weighted-average assumptions.



	2012		2011	2010
Risk-free interest rate	1.23	%	NA	2.8
Expected stock price volatility	65.0		NA	63.0
Dividend yield	2.0		NA	1.4
Expected life of options	6.0 years		NA	6.25 years

Schedule of Stock Options Activity

A summary of stock option activity and changes during the years ended December 31, 2012, 2011, and 2010 is presented below.



Stock Options
	2012				2011				2010
	Shares		Weighted-Average Exercise Price		Shares		Weighted-Average Exercise Price		Shares		Weighted-Average Exercise Price
Outstanding at beginning of year	17,886,318		$	10.63	21,723,381		$	10.81	28,167,011		$	10.94
Options granted	4,586,666		2.05		—		—		3,442,586		2.80
Options exercised	—		—		—		—		(430	)	2.21
Options forfeited	(174,842	)	2.38		(471,386	)	10.72		(150,003	)	2.80
Options expired	(3,008,437	)	12.36		(3,365,677	)	11.75		(9,735,783	)	8.48
Options outstanding at end of year	19,289,705		$	8.40	17,886,318		$	10.63	21,723,381		$	10.81
Options exercisable at end of year	13,296,595		$	10.94	14,365,773		$	12.06	16,879,440		$	12.14

Schedule of Nonvested Share Activity

A summary of non-vested shares outstanding (excluding the performance-vesting shares described below) and changes during the years ended December 31, 2012, 2011, and 2010 is presented below.



Non-vested Shares	Shares		Weighted-Average Grant-date Fair Value
Outstanding at January 1, 2010	188,233		$	26.75
Granted	—		—
Vested	(163,924	)	28.28
Forfeited	(7,349	)	25.81
Outstanding at December 31, 2010	16,960		12.41
Granted	—		—
Vested	(16,000	)	12.40
Forfeited	(960	)	12.50
Outstanding at December 31, 2011	—		—

Schedule of Restricted Stock Units Activity

A summary of restricted share units outstanding and changes during the years ended December 31, 2012, 2011, and 2010 is presented below.



Restricted Share Units	Share Units		Weighted-Average Grant-date Fair Value
Outstanding at January 1, 2010	74,815		$	12.01
Granted	844,205		2.80
Dividend equivalents granted	10,082		2.60
Vested	(45,406	)	12.45
Forfeited	(3,295	)	12.89
Outstanding at December 31, 2010	880,401		3.05
Granted	3,815,942		2.65
Dividend equivalents granted	86,494		1.64
Vested	(25,534	)	6.15
Forfeited	(229,328	)	2.91
Outstanding at December 31, 2011	4,527,975		2.67
Granted	3,330,293		2.07
Dividend equivalents granted	112,616		2.19
Vested	(1,314,063	)	2.70
Forfeited	(213,842	)	2.49
Outstanding at December 31, 2012	6,442,979		$	2.35

Schedule of Grants Under All Synovus Equity Compensation Plans

The following table provides aggregate information regarding grants under all Synovus equity compensation plans through December 31, 2012.



Plan Category⁽¹⁾	(a) Number of securities to be issued upon vesting of restricted share units	(b) Number of securities to be issued upon exercise of outstanding options	(c) Weighted-average exercise price of outstanding options in column (b)		(d) Number of shares remaining available for issuance excluding shares reflected in columns (a) and (b)
Shareholder approved equity compensation plans for shares of Synovus stock	6,442,979	19,103,267	$	8.41	23,855,801	⁽²⁾
Non-shareholder approved equity compensation plans	—	—	—		—
Total	6,442,979	19,103,267	$	8.41	23,855,801

⁽¹⁾ Does not include information for equity compensation plans assumed by Synovus in mergers. A total of 186,438 shares of Common Stock were issuable upon exercise of options granted under plans assumed in mergers and outstanding at December 31, 2012. The weighted average exercise price of all options granted under plans assumed in mergers and outstanding at December 31, 2012 was $7.46. Synovus cannot grant additional awards under these assumed plans.

⁽²⁾ Includes 23,855,801 shares available for future grants as share awards under the 2007 Omnibus Plan.