Stock Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2015

Activity in our stock option and incentive plans for the period from January 1, 2013 to March 31, 2015 is as follows.

	1998 Plan					2002 Plan					2012 Plan
	Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Fair Market Value at Grant
Outstanding at January 1, 2013		78,500		$	12.73		702,597		$	5.17		-		$	-
Granted		-		$	-		-		$	-		250,000		$	5.54
Exercised		(500	)	$	8.67		(165,577	)	$	7.15		-		$	-
Cancelled		(75,000	)	$	12.92		(13,499	)	$	5.41		(500	)	$	5.54
Outstanding at January 1, 2014		3,000		$	8.67		523,521		$	4.54		249,500		$	5.54
Granted		-		$	-		-		$	-		268,648		$	5.54
Exercised		(3,000	)	$	8.67		(299,735	)	$	5.10		(68,988	)	$	-
Cancelled		-		$	-		(4,501	)	$	3.49		(1,359	)	$	5.54
Outstanding at January 1, 2015		-		$	8.67		219,285		$	3.79		447,801		$	5.54
Granted		-		$	-		-		$	-		66,140		$	28.79
Exercised		-		$	-		(9,001	)	$	2.98		(59,707	)	$	10.47
Cancelled		-		$	-		-		$	-		-		$	-
Outstanding at March 31, 2015		-		$	-		210,284		$	3.83		454,234		$	19.41

Options outstanding as of March 31, 2015 are exercisable as follows.

	2002 Plan
Options Exercisable at:	Number of Shares		Weighted Average Option Exercise Price

March 31, 2015		153,584	$	3.83
December 31, 2015		56,700	$	3.83
December 31, 2016		-	$	3.83
December 31, 2017		-	$	3.83
December 31, 2018		-	$	3.83
December 31, 2019		-	$	3.83
Thereafter		-	$	3.83
Total options exercisable		210,284

Summary information about the Company’s stock option plans at March 31, 2015 is as follows.

		Range of Exercise Price				Outstanding at March 31, 2015				Weighted Average Contractual Periods in Years				Weighted Average Exercise Price				Exercisable at March 31, 2015
2002 Plan		$	2.45 - $4.40				210,284				6.41			$	3.83				153,584