The Company has not issued any stock options since 2008. The following table summarizes information related to stock options outstanding at December 31, 2013: COMSTOCK RESOURCES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Exercise Price Weighted Average Remaining Life (in years) Number of Options Outstanding Number of Options Exercisable $32.50 1.9 50,500 50,500 $33.22 2.9 64,650 64,650 115,150 115,150 The following table summarizes information related to stock option activity under the Company’s incentive plans for the year ended December 31, 2013: Number of Options Weighted Average Exercise Price Outstanding at January 1, 2013 ................. 157,150 $38.36 Expired and forfeited ..................... (42,000) $53.34 Outstanding at December 31, 2013 .............. 115,150 $32.90 Exercisable at December 31, 2013 ............... 115,150 $32.90 As of December 31, 2013, all compensation cost related to stock options had been recognized. Stock options outstanding at December 31, 2012 and 2013 had no intrinsic value based on the closing price for the Company’s common stock at those dates. There were no stock option exercises in 2011, 2012 or 2013. Restricted Stock The fair value of restricted stock grants is amortized over the vesting period, generally one to four years, using the straight-line method. Total compensation expense recognized for restricted stock grants was $15.0 million, $13.5 million and $9.8 million for the years ended December 31, 2011, 2012 and 2013, respectively. The fair value of each restricted share on the date of grant is equal to its fair market price. A summary of restricted stock activity for the year ended December 31, 2013 is presented below: Number of Restricted Shares Weighted Average Grant Price Outstanding at January 1, 2013 ........................... 1,960,835 $28.01 Granted ......................................... 44,100 $16.44 Vested .......................................... (458,634) $40.58 Forfeitures ....................................... (30,412) $19.74 Outstanding at December 31, 2013 ........................ 1,515,889 $24.04 F-23