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Share Based Compensation

9 Months Ended

Sep. 30, 2013

NOTE 10. Share-based Compensation

During the nine months ended September 30, 2013 and 2012, Susquehanna's Compensation Committee granted to certain employees nonqualified stock options to purchase an aggregate of 4 and 313 shares of common stock, respectively. The following table presents the assumptions used in the Black-Scholes-Merton model to estimate the fair value of options granted in 2013 and 2012, and the resultant fair values.

	Nine Months Ended September 30,
	2013			2012
Exercise price	$	11.47		$	9.89
Volatility		37.80	%		37.61	%
Expected dividend yield		4.00	%		4.00	%
Expected term (in years)		7.0			7.0
Risk-free interest rate		1.22	%		1.09	%
Fair value	$	2.81		$	2.40

In 2013, Susquehanna's Board of Directors approved the 2013 Omnibus Equity Compensation Plan (“the Plan”). The Plan provides key executives with long-term incentives based on performance, service, and market conditions, as a motivation for future performance and as a retention tool for continued employment. The Plan is a multi-year performance plan, with stock-based incentive award opportunities if certain performance targets are met. The Plan is funded by newly authorized shares, and at September 30, 2013, approximately 374 shares have been allocated to the Plan.

- 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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