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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2019
STOCK-BASED COMPENSATION  
Weighted-average assumptions used to estimate fair value of stock options granted

Stock Awards Plans:

Six Months Ended June 30,

2018

Dividend Yield

 

1.5

%

Expected Stock Price Volatility

 

14.2

%

Risk-free Interest Rate

 

2.8

%

Expected Life of Option (years)

 

6.6

Summary of option activity

Stock Awards Plans

Director Stock Option Plans

 

Weighted Average

Weighted Average

 

Options

Exercise Price

Options

Exercise Price

 

Outstanding, January 1, 2019

 

6,761,055

$

65.76

 

155,200

$

58.13

Granted

 

 

 

 

Exercised

 

(1,212,250)

 

57.05

 

(14,200)

 

62.33

Forfeited or expired

 

(110,744)

 

65.79

 

 

Outstanding at June 30, 2019

 

5,438,061

$

67.72

 

141,000

$

57.71

Exercisable at June 30, 2019

 

4,632,475

$

65.35

 

141,000

$

57.71

Weighted-Average Remaining Contractual Term (Years):

Outstanding at June 30, 2019

 

5.8

3.6

 

Exercisable at June 30, 2019

 

5.3

3.6

 

Aggregate Intrinsic Value:

Outstanding at June 30, 2019

$

292,749

$

9,001

Exercisable at June 30, 2019

$

260,341

$

9,001

Intrinsic Value of Options Exercised During the Six Months Ended:

June 30, 2019

$

65,944

$

722

June 30, 2018

$

31,307

$

1,608

Weighted-average assumptions used to estimate fair value of restricted stock units

Six Months Ended June 30,

2019

2018

Fair value per stock award

$

134.97

$

128.70

Grant date stock price

$

104.51

$

89.42

Assumptions:

Aptar's stock price expected volatility

16.50

%

12.30

%

Expected average volatility of peer companies

31.90

%

27.50

%

Correlation assumption

37.40

%

20.20

%

Risk-free interest rate

2.19

%

2.42

%

Dividend yield assumption

1.30

%

1.43

%

Summary of restricted stock unit activity

 

Time-Based RSUs

Performance-Based RSUs

 

 

Weighted Average

 

Weighted Average

Units

Grant-Date Fair Value

Units

Grant-Date Fair Value

Nonvested at January 1, 2019

261,487

$

91.78

69,990

$

111.55

Granted

157,312

 

90.64

123,246

 

119.35

Vested

(46,512)

87.42

Forfeited

(4,191)

 

104.25

(62)

 

120.61

Nonvested at June 30, 2019

368,096

$

91.70

193,174

$

116.52