STATE BANK FINANCIAL CORP | 2013 | FY | 3

The following table represents the activity related to stock warrants:
 
December 31
 
2013
 
2012
 
Number of Warrants
 
Weighted Average Exercise Price
 
Number of Warrants
 
Weighted Average Exercise Price
Outstanding warrants at beginning of year
2,640,283

 
$
9.84

 
2,686,827

 
$
9.85

Issued
—

 
$
—

 
—

 
$
—

Exercised
(15,000
)
 
$
10.00

 
(19,999
)
 
$
10.10

Repurchased
(1,459
)
 
$
11.21

 
(26,545
)
 
$
10.30

Outstanding warrants at end of year
2,623,824

 
$
9.84

 
2,640,283

 
$
9.84

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