Stock Option Plan

6 Months Ended

Jun. 30, 2012

Share-based Compensation [Abstract]

Stock Option Plan

Stock Option Plan

Park did not grant any stock options during the six month periods ended June 30, 2012 and 2011.

The following table summarizes stock option activity during the first six months of 2012.

	Stock Options	Weighted Average Exercise Price Per Share
Outstanding at December 31, 2011	74,020	$	74.96
Granted	—	—
Exercised	—	—
Forfeited/Expired	8,045	74.96
Outstanding at June 30, 2012	65,975	$	74.96

All of the stock options outstanding at June 30, 2012 were exercisable. The aggregate intrinsic value of the outstanding stock options at June 30, 2012 was $0. In addition, no stock options were exercised during the first six months of 2012 or 2011. The weighted average contractual remaining term was 0.44 years for the stock options outstanding at June 30, 2012.

All of the common shares delivered upon the exercise of incentive stock options granted under the Park National Corporation 2005 Incentive Stock Option Plan (the “2005 Plan”) are to be treasury shares. At June 30, 2012, incentive stock options granted under the 2005 Plan covering 65,975 common shares were outstanding. At June 30, 2012, Park held 745,109 treasury shares that were available for issuance under the 2005 Plan.