CABOT OIL & GAS CORP | 2013 | FY | 3

 

 

 
   Year Ended December 31,  
 
   2013   2012   2011  
 
   Shares   Weighted-
Average
Exercise
Price		   Shares   Weighted-
Average
Exercise
Price		   Shares   Weighted-
Average
Exercise
Price		  

Outstanding at beginning of period

     1,722,444   $ 9.75     2,576,260   $ 8.02     2,942,600   $ 7.64  

Granted

     —     —     240,884     17.59     383,000     10.19  

Exercised

     (1,054,680 )   7.92     (1,094,700 )   7.42     (749,340 )   7.61  

Forfeited or expired

     —     —     —     —     —     —  
                                 
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Outstanding at end of period(1)

     667,764   $ 12.63     1,722,444   $ 9.75     2,576,260   $ 8.02  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Exercisable at end of period(2)

     386,582   $ 11.33     1,145,972   $ 7.97     1,805,328   $ 7.57  
(1)
The intrinsic value of a SAR is the amount which the current market value of the underlying stock exceeds the exercise price of the SAR. As of December 31, 2013, the aggregate intrinsic value and weighted-average remaining contractual term of SARs outstanding was $17.4 million and 4.3 years, respectively.

(2)
As of December 31, 2013, the aggregate intrinsic value and weighted-average remaining contractual term of SARs exercisable was $10.6 million and 4.1 years, respectively.

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