STOCK COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2019

Table of Contents

The following summary reflects changes in the shares of Class A Stock under option:

	2019 Shares			2019 Weighted Average Exercise Price		2018 Shares			2018 Weighted Average Exercise Price		2017 Shares			2017 Weighted Average Exercise Price
Plan options
Outstanding at beginning of year		168,750		$	20.11		176,802		$	19.91		231,755		$	19.32
Granted		—			—		—			—		—			—
Exercised		(15,500	)		17.15		(8,052	)		15.77		(54,953	)		17.42
Expired		—			—		—			—		—			—
Outstanding at end of year		153,250		$	20.40		168,750		$	20.11		176,802		$	19.91

Options exercisable at year end		153,250		$	20.40		168,750		$	20.11		176,802		$	19.91

The following table summarizes information about employee and director stock options outstanding and exercisable at December 31, 2019:

Options Outstanding and Exercisable
Range of Exercise Price			Shares Outstanding at December 31, 2019		Weighted Average Remaining Life	Weighted Average Exercise Price			Aggregate Intrinsic Value
	$	18.61 - 19.06		85,750	1.55 Years		$	18.94		$	1,566,263
	$	21.86 - 22.66		67,500	3.85 Years		$	22.26		$	1,009,125

The following summary reflects changes in the shares of Class A Stock Restricted Stock Awards (RSA):

	2019 Shares			2019 Weighted Average Grant Date Fair Value		2018 Shares			2018 Weighted Average Grant Date Fair Value		2017 Shares			2017 Weighted Average Exercise Price
Plan RSA’s
Outstanding at beginning of year		5,000		$	38.51		5,000		$	38.10		5,000		$	27.70
Granted		5,000			36.11		5,000			38.51		11,568			38.08
Vested/Released		(5,000	)		38.51		(5,000	)		38.10		(11,568	)		33.58
Cancelled		—			—		—			—		—			—
Unvested Outstanding at end of year		5,000		$	36.11		5,000		$	38.51		5,000		$	38.10