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Stock-Based Compensation
 3 Months Ended
Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
Stock-Based Compensation
Our stock-based compensation expense consists primarily of time-based and performance-based options of Caesars Entertainment and one of its subsidiaries that have been granted to management, other personnel and key service providers. The Company has recognized compensation expense associated with its stock-based compensation programs as follows:
 
Quarter Ended March 31,
(In millions)
2013
 
2012
Amounts included in:
 
 
 
Corporate expense
$
0.7

 
$
10.1

Property, general, administrative, and other
2.9

 
1.4

Total stock-based compensation expense
$
3.6

 
$
11.5


During the quarter ended March 31, 2013, the Company recorded $1.3 million of expense related to stock-based awards of its subsidiaries, of which $0.5 million related to liability-classified awards that are re-measured to fair value at each reporting date, and $0.8 million related to equity-classified awards that are measured at their fair value at the date of grant.
The following is a summary of share-based option activity, including options under the Company's 2008 incentive plan and the Company's 2012 incentive plan and warrants to purchase common stock, for the quarter ended March 31, 2013:
 
Shares 
 
Weighted
Average
Exercise
Price
Outstanding at December 31, 2012
8,478,148

 
$
12.22

Granted
13,728

 
$
11.18

Canceled
(189,933
)
 
$
13.31

Outstanding at March 31, 2013
8,301,943

 
$
12.20

Vested and expected to vest at March 31, 2013
6,345,379

 
$
12.24

Exercisable at March 31, 2013
1,393,852

 
$
11.60