Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Stock Options (Tables)

v2.4.0.8
Stock Options (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of Stock Option Activity

A summary of the stock option activity (reflecting historical Stratasys Inc. stock options prior to the Stratasys-Objet merger date) for the years ended December 31, 2013, 2012 and 2011 is as follows:

                          Weighted
    Number                   Average
    of Options   Per Share   Exercise
    Outstanding   Exercise Price       Price
Shares under option                                            
       at January 1, 2011   1,182,650     $      8.27   -   $      33.06   $         15.16
Granted in 2011   325,000       21.08   -     25.95     25.42
Exercised in 2011   (423,783 )     8.27   -     24.65     14.61
Expired in 2011   (3,000 )     12.49   -     12.49     12.49
Forfeited in 2011   (43,600 )     9.30   -     25.50     16.08
Shares under option                            
       at December 31, 2011   1,037,267       9.30   -     33.06     18.59
Granted in 2012   336,750       46.87   -     46.87     46.87
Objet options from merger in 2012   3,286,909       2.21   -     15.64     6.10
Exercised in 2012          (1,322,047 )     2.21   -     33.06     11.50
Forfeited in 2012   (22,962 )     9.30   -     46.87     31.05
Shares under option                            
       at December 31, 2012   3,315,917       2.21   -     46.87     11.84
Granted in 2013   388,131       74.95   -     120.51     86.22
MakerBot options from merger in 2013   77,631       2.74   -     7.30     4.76
Exercised in 2013   (1,741,953 )     2.21   -     74.95     7.18
Forfeited in 2013   (32,293 )     2.74   -     91.56     30.40
Shares under option                            
       at December 31, 2013   2,007,433     $ 2.21   -   $ 120.51   $ 29.66
Schedule of Stock Options Exercisable

A summary of stock options exercisable at December 31, 2013, 2012 and 2011 is as follows:

                        Weighted
    Number                   Average
    of   Per Share   Exercise
    Shares   Exercise Price       Price
Options exercisable at                                          
December 31, 2013        1,013,848   $      2.21   -   $      74.95   $         11.36
 
Options exercisable at                          
December 31, 2012   2,281,298   $ 2.21   -   $ 46.87   $ 7.32
 
Options exercisable at                          
December 31, 2011   210,520   $ 9.30   -   $ 26.15   $ 16.44
Schedule of Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2013:

    Options Outstanding   Options Exercisable
    Number   Weighted-         Number      
    Outstanding   Average   Weighted-   Exercisable   Weighted-
    at   Remaining   Average   at   Average
Exercise   December 31,   Contractual   Exercise   December 31,   Exercise
Prices     2013       Life in Years       Price       2013       Price
$2.21 - $7.82     773,770   4.3   $        5.94     618,965   $            5.53
9.30 - 18.26     508,832   3.5     15.40     269,989     15.19
18.78 - 74.95     370,179   4.6     43.63     124,894     31.97
82.15 - 120.51     354,652   9.5     87.27     0     -
      2,007,433         29.66     1,013,848     11.36
Aggregate                            
       intrinsic value   $         59,536,686             $         11,516,404      
Schedule of Stock-based Compensation

Stock-based compensation expenses included in the Company's Statements of Operations were:

        2013       2012       2011
Cost of sales   $      2,980   $      603   $      -
Research and development, net     3,491     960     -
Selling, general and administrative     17,791     7,311     1,587
Total stock-based compensation expenses   $ 24,262   $ 8,874   $ 1,587
Stock Options [Member]
 
Schedule of Stock Option Assumptions

The following assumptions were applied in determining the compensation cost:

        2013       2012       2011
Risk-free interest rate     1.4% - 1.7%     0.8%     0.9% - 1.5%
Expected option term     5.1 - 5.2 years     4.5 years     4.5 years
Expected price volatility     56% - 57%     62%     55%
Dividend yield     -     -     -
Weighted average grant date fair value   $ 40.94   $ 22.36   $ 10.67