SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2014

NOTE H — SHARE-BASED COMPENSATION

Restricted Stock Units

A summary of the Company’s restricted stock unit award program is presented below:

	Units
Outstanding — January 1, 2014	1,443,460
Granted	216,450
Vested	(219,351	)
Forfeited	(33,548	)
Outstanding — September 30, 2014	1,407,011

The restricted stock units granted during the period had a weighted-average grant date fair value of $39.86 per share.

Stock Options

Of the 35,730 stock options outstanding at December 31, 2013, which had a weighted average exercise price of $29.10, 35,530 were exercised and 200 were forfeited as of January 31, 2014, which was the expiration date of the Company’s stock options. No stock options have been granted since 2004. As of September 30, 2014, the Company had not elected to treat any exercised options as employer Stock Appreciation Rights (“SARs”) and no employee SARs had been granted.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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