MUNICIPAL MORTGAGE & EQUITY LLC | 2013 | FY | 3


The following table summarizes option activity under the Non-employee Directors’ Stock-based Compensation Plan:
 
(in thousands, except per option data)
 
Number of
Options
 
Weighted-
average
Exercise
Price per
Option
 
Weighted-
average
Remaining
Contractual Life
per Option
(in years)
 
Aggregate
Intrinsic
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at January 1, 2012
 
27.0
 
$
24.69
 
1.1
 
$
 
Expired/Forfeited in 2012
 
(10.0)
 
 
24.74
 
 
 
 
 
 
Granted in 2012
 
78.1
 
 
0.36
 
9.8
 
 
 
 
Outstanding at December 31, 2012
 
95.1
 
 
4.70
 
8.3
 
 
 
Expired/Forfeited in 2013
 
(17.0)
 
 
24.67
 
 
 
 
 
Outstanding at December 31, 2013
 
78.1
 
 
0.36
 
9.0
 
 
59
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of options that were exercisable at:
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
17.0
 
 
24.67
 
0.4
 
 
 
 
December 31, 2013
 
78.1
 
 
0.36
 
9.0
 
 
 
 

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