MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  The Company and its subsidiaries are not party to any other material pending legal proceedings, other than routine  litigation incidental to their businesses. The Company's authorized capital stock consists of 100 million shares of common stock, par value $0.10 per share, of  which 34,350,186 shares and 34,949,620 shares were outstanding at December 31, 2013 and 2012, respectively, and  1,000,000 shares of preferred stock, none of which were issued and outstanding.  On November 14, 2012, the Company’s Board of Directors approved a two -for-one stock split  of the Company’s  outstanding common stock in the form of a 100-percent stock distribution payable on December 11, 2012 to shareholders of  record on November 27, 2012. The stock split resulted in an increase of 17.6 million shares of common stock outstanding. Treasury shares were not affected by the stock split.  Cash dividends of $6.9 million or $0.20 per common share were paid during 2013. In January 2014, a cash dividend of  approximately $1.7 million or $0.05 per share, was declared, payable in the first quarter of 2014.  The Company has adopted its 2001 Stock Award and Incentive Plan (the  “ Plan ” ), which provides for grants of incentive  and non-qualified stock options, stock appreciation rights, stock awards or performance unit awards. The Plan is administered  by the Compensation Committee of the Board of Directors. Stock options granted under the Plan have a term not in excess of  ten years. The exercise price for stock options will not be less than the fair market value of the common stock on the date of  the grant, and each award of stock options will vest ratably over a specified period, generally three years.  The following table summarizes stock option and restricted stock activity for the Plan:  Comprehensive income includes changes in the fair value of certain financial derivative instruments that qualify for hedge  accounting to the extent they are effective, the recognition of deferred pension costs, and cumulative foreign currency  translation adjustments.  F-26  Note 18. Comprehensive Income Stock Award and Incentive Plan Cash Dividends Capital Stock Note 17. Stockholders' Equity Stock Options  Restricted Stock  Shares  Available  for Grant Shares  Weighted  Average  Exercise  Price Per  Share ($) Shares  Weighted  Average  Exercise  Price Per  Share ($) Balance January 1, 2011 ........................ 1,898,578 1,640,060 27.05  300,540 23.60  Granted ................................................... (381,624) 244,646 32.06  136,978 32.08  Exercised/vested ..................................... -- (241,196 ) 25.01  (94,246 )  31.99  Canceled ................................................. 160,784 (69,536) 26.80  (91,248 )  30.22  Balance December 31, 2011 ................... 1,677,738 1,573,974 27.10  252,024 27.21  Granted ................................................... (345,696) 222,250 32.04  123,446 32.04  Exercised/vested………………………. -- (330,158 ) 25.15  (102,424 )  25.90  Canceled ................................................. 159,932 (70,546 ) 27.76  (89,386 )  27.08  Balance December 31, 2012 ................... 1,491,974 1,395,520 28.31  183,660 31.25  Granted……………………………… (351,995) 239,770 41.42  112,225 41.44  Exercised/vested………………………. -- (501,222 ) 25.26  (107,956 )  30.71  Canceled ................................................. 5,010  (2,653 ) 37.24  (2,357 )  36.39  Balance December 31, 2013 ................... 1,144,989 1,131,415 32.42  185,572 37.65 