ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

EMPLOYEE AND DIRECTOR BENEFITS (Tables)

12 Months Ended

Dec. 31, 2012

Assumptions Used To Estimates Fair Value Of Stock Option Award Using Black Scholes Merton Valuation Model

2012		2011		2010
Expected volatility	19.80	%	26.50	%	26.00	%
Expected dividends	-	%	0.37	%	-	%
Expected term (in years)	6.5		6.5		7.0
Risk-free rate	1.05	%	2.21	%	2.10	%

Summary Of Stock Option Activity

The following tables summarize stock option activity.:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In Thousands)
Year Ended December 31, 2012:
Outstanding at beginning of year		1,073,800		$	18.33		6.0	$	12,508
Granted		45,500			30.00		9.3		130
Exercised		(288,130	)		12.71		2.4		5,846
Forfeited		(14,670	)		24.54		-		-
Outstanding at end of year		816,500		$	20.87		5.8	$	9,905

Exercisable at December 31, 2012		412,825		$	14.03		3.6	$	7,831

Year Ended December 31, 2011:
Outstanding at beginning of year		881,000		$	15.65		6.9	$	8,238
Granted		233,500			27.16		9.3		-
Exercised		(40,700	)		10.53		3.8		792
Forfeited		-			15.00		-		-
Outstanding at end of year		1,073,800		$	18.33		6.0	$	12,508

Exercisable at December 31, 2011		442,940		$	13.19		4.4	$	7,447

Year Ended December 31, 2010:
Outstanding at beginning of year		863,500		$	15.17		6.8	$	8,483
Granted		37,500			25.00		9.4		-
Exercised		(10,000	)		10.00		-		150
Forfeited		(10,000	)		15.00		-		-
Outstanding at end of year		881,000		$	15.65		6.9	$	8,238

Exercisable at December 31, 2010		272,627		$	11.96		5.1	$	3,555

Summary Of Stock Option Exercisable

Exercisable options at December 31, 2012 were as follows:

Range of Exercise Price		Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In Thousands)
$	10.00		106,500	$	10.00		2.4	$	2,450
	11.00		119,500		11.00		3.3		2,629
	15.00		101,830		15.00		3.9		1,833
	20.00		47,995		20.00		4.8		624
	25.00		37,000		25.00		5.7		296
			412,825	$	14.03		3.6	$	7,832

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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