Atlantic Union Bankshares Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012


	Number of Stock Options			Weighted Average Exercise Price
Options outstanding, December 31, 2011		422,750		$	17.70
Granted		131,657			14.40
Forfeited		(18,429	)		14.52
Expired		(10,905	)		21.10

Options outstanding, June 30, 2012		525,073			16.91

Options exercisable, June 30, 2012		229,136			20.59

Estimated stock option on the date of grant fair value


	Six Months Ended June 30,
	2012			2011
Dividend yield ⁽¹⁾		2.47	%		2.36	%
Expected life in years ⁽²⁾		7.0			7.0
Expected volatility ⁽³⁾		41.53	%		41.02	%
Risk-free interest rate ⁽⁴⁾		1.24	%		2.71	%

Weighted average fair value per option granted	$	4.76		$	4.31

(1)

Calculated as the ratio of historical dividends paid per share of common stock to the stock price on the date of grant.

(2)

Based on the average of the contractual life and vesting schedule for the respective option.

(3)

Based on the monthly historical volatility of the Company’s stock price over the expected life of the options.

(4)

Based upon the U.S. Treasury bill yield curve, for periods within the contractual life of the option, in effect at the time of grant.

Summary of information concerning stock options


	Stock Options Vested or Expected to Vest		Exercisable
Stock options		496,967		229,136
Weighted average remaining contractual life in years		6.64		4.00
Weighted average exercise price on shares above water	$	13.22	$	12.17
Aggregate intrinsic value	$	294,614	$	66,268

Summary the nonvested stock activity

Number of
Shares of
Restricted Stock

Performance
Stock

Weighted
Average Grant-
Date Fair Value

Balance, December 31, 2011

140,557

6,000

12.62

Granted

70,061

—

14.21

Vested

(7,904

)

—

15.81

Forfeited

(12,904

)

(1,500

)

13.12

Balance, June 30, 2012

189,810

4,500

12.74

Estimated unamortized compensation expense recognized in future

Stock Options

Restricted
Stock

Total

For the remaining six months of 2012

180

460

640

For year ending December 31, 2013

368

687

1,055

For year ending December 31, 2014

361

359

720

For year ending December 31, 2015

269

360

For year ending December 31, 2016

155

161

For year ending December 31, 2017

—

Total

1,358

1,603

2,961