The following is a summary of service vesting based stock option activity for the month period ended and the status of stock options outstanding at

 

 

We recognized stock compensation expense of and related to service vesting-based options during the month periods ending and respectively. As of there was million of aggregate intrinsic value of outstanding service vesting-based stock options, including million of aggregate intrinsic value of exercisable service vesting-based stock options. Intrinsic value is the total pretax intrinsic value for all “in-the-money” options (i.e., the difference between the Company’s closing stock price on the last trading day of the quarter and the exercise price, multiplied by the number of shares) that would have been received by the option holders had all option holders exercised their options on This amount will change based on the fair market value of the Company’s stock. During the quarters ended and intrinsic value of service vesting-based awards exercised was million and million, respectively. Total unrecognized compensation cost of service vesting-based stock options at of is expected to be recognized over a weighted average period of years.

 

 

The following is a summary of performance-based stock option activity under our stock option plans for the months ended and the status of performance-based stock options outstanding at

 

 

As of there was million of aggregate intrinsic value of outstanding and exercisable performance-based stock options. Intrinsic value is the total pretax intrinsic value for all “in-the-money” options (i.e., the difference between the Company’s closing stock price on the last trading day of the quarter and the exercise price, multiplied by the number of shares) that would have been received by the option holders had all option holders exercised their options on This amount will change based on the fair market value of the Company’s stock. The weighted average remaining contractual life of performance-based options outstanding and exercisable at is years. All compensation cost of performance-based stock options outstanding at has been recognized.

 

There were stock options granted to employees and non-employee directors in the month periods ended and

 

 

The following is a summary of service vesting-based restricted stock activity for the month period ended and the status of unvested service vesting-based restricted stock outstanding at

 

 

The aggregate fair value of the service vesting-based awards granted during the months ended and was million and million, respectively, which represents the market value of BioLife common stock on the date that the restricted stock awards were granted. The aggregate fair value of the service vesting-based restricted stock awards that vested was and for the months ended and respectively.

 

We recognized stock compensation expense of and related to service vesting-based restricted stock awards for the months ended and respectively. As of there was million in unrecognized compensation costs related to service vesting-based restricted stock awards. We expect to recognize those costs over years.

 

 

On the Company granted shares of performance-based stock to its executives in the form of restricted stock. The shares granted contain a performance condition based on several Company metrics related to performance. The performance-based restricted stock awards will vest as to between and of the number of restricted shares granted to each recipient. The grant date fair value of this award was per share. The fair value of this award will be expensed on a straight-line basis over the requisite service period ending on

 

We recognized stock compensation expense of for the months ended related to performance-based restricted stock awards. As of there was in unrecognized non-cash compensation costs related to performance-based restricted stock awards expected to vest. We expect to recognize those costs over years.

 

 

On the board of directors granted restricted stock awards, at a fair value grant date of per share, in lieu of the cash performance bonus for our executive compensation plan. The award vests in full on regardless of employment status on that date. All expenses related to these awards were incurred in the year ended

 

 

On the Company granted shares and on granted shares of market-based stock to its executives in the form of restricted stock. The shares granted contain a market condition based on Total Shareholder Return (“TSR”). The TSR market condition measures the Company’s performance against a peer group. The market-based restricted stock awards will vest as to between and of the number of restricted shares granted to each recipient based on our total shareholder return during the period beginning on through as compared to the total shareholder return of of our peers. The fair value of this award was determined using a Monte Carlo simulation with the following assumptions: a historical volatility of dividend yield and a risk-free interest rate of The historical volatility was based on the most recent -year period for the Company and correlated with the components of the peer group. The stock price projection for the Company and the components of the peer group assumes a dividend yield. This is mathematically equivalent to reinvesting dividends in the issuing entity over the performance period. The risk-free interest is based on the yield on the U.S. Treasury Strips as of the Measurement Date with a maturity consistent with the -year term associated with the market condition of the award. The fair value of this award will be expensed on a straight-line basis over the grant date to the vesting date of

 

On the Company granted shares of market-based stock to its executives in the form of restricted stock. The shares granted contain a market condition based on TSR. The TSR market condition measures the Company’s performance against a peer group. The market-based restricted stock awards will vest as to between and of the number of restricted shares granted to each recipient based on our total shareholder return during the period beginning on through as compared to the total shareholder return of of our peers. The fair value of this award was determined using a Monte Carlo simulation with the following assumptions: a historical volatility of dividend yield and a risk-free interest rate of The historical volatility was based on the most recent -year period for the Company and correlated with the components of the peer group. The stock price projection for the Company and the components of the peer group assumes a dividend yield. This is mathematically equivalent to reinvesting dividends in the issuing entity over the performance period. The risk-free interest is based on the yield on the U.S. Treasury Strips as of the Measurement Date with a maturity consistent with the -year term associated with the market condition of the award. The fair value of this award will be expensed on a straight-line basis over the grant date to the vesting date of

 

We recognized stock compensation expense of and for the months ended and respectively, related to market-based restricted stock awards. As of there was million in unrecognized non-cash compensation costs related to market-based restricted stock awards expected to vest. We expect to recognize those costs over years.

 

We recorded total stock compensation expense for the month periods ended and as follows: