The following table summarizes the Company’s SAR activity for the fiscal year ended January 31, 2013:
| Awards | Weighted Average Exercise Price |
Weighted Average Remaining Contractual Term (years) |
Aggregate Intrinsic Value |
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|
Awards outstanding at beginning of year |
650,800 | $ | 30.91 | |||||||||||||
|
Granted |
595,000 | 31.47 | ||||||||||||||
|
Exercised |
— | — | ||||||||||||||
|
Forfeited or Expired |
(47,000 | ) | 32.25 | |||||||||||||
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|
|
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|
Awards outstanding at end of year |
1,198,800 | 31.15 | 6.7 | $ | 13,966 | |||||||||||
|
Awards outstanding expected to vest |
1,141,360 | 31.15 | 6.7 | $ | 13,268 | |||||||||||
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|
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|
Awards exercisable at end of year |
50,000 | $ | 26.85 | 6.8 | $ | 798 | ||||||||||
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