STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2013

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

11.          STOCKHOLDERS’ EQUITY

In the six months ended June 30, 2013, 542,121 shares of restricted Common Stock vested, of which 84,224 shares were withheld by us to satisfy the employees’ tax liability resulting from the vesting of these shares, with the remaining shares being distributed to the employees and directors.  During the six months we also had 37,275 unvested shares of restricted Common Stock forfeited due to employee departures.  We also issued 16,458 shares pursuant to stock option exercises.  Discretionary grants of 642,000 shares of unvested restricted Common Stock were made to our employees during the six months ended June 30, 2013 as incentive-based equity compensation under the 2005 Stock Incentive Plan.  We also granted 71,205 shares of restricted Common Stock to three members of our board of directors as compensation pursuant to the Director Compensation Plan.

In the six months ended June 30, 2012, 303,016 shares of restricted Common Stock vested, of which 41,934 shares were withheld by us to satisfy the employees’ tax liability resulting from the vesting of these shares, with the remaining shares being distributed to the employees and directors.  During the six months we also had 27,965 unvested shares of restricted Common Stock forfeited due to employee departures.  We also issued 2,897 shares pursuant to stock option exercises.  Discretionary grants of 954,000 shares of unvested restricted Common Stock were made to our employees during the six months ended June 30, 2012 as incentive-based equity compensation under the 2005 Stock Incentive Plan.  We also granted 54,879 shares of restricted Common Stock to three members of our board of directors as compensation pursuant to the Director Compensation Plan.