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

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2012

			Weighted Average Exercise Price			Aggregate Intrinsic Value


Outstanding at December 31, 2009	653		$	4.67	2.44	$	5,348
Exercised	(517	)		4.67

Outstanding at December 31, 2010	136			4.66	1.59		2,056
Exercised	(103	)		4.48

Outstanding at December 31, 2011	33		$	5.26	0.93	$	553

Exercised	(32	)		5.25

Outstanding at December 31, 2012	1		$	5.52	0.08	$	17

Exercisable at December 31, 2012	1		$	5.52	0.08	$	17

The following table summarizes the components of the Company's stock-based compensation programs recorded as expense ($ in thousands):

	Twelve months ended December 31,

	2012			2011			2010

Time Lapse Restricted Stock:
Pre-tax compensation expense	$	9,494		$	7,555		$	7,538
Tax benefit		(3,655	)		(2,909	)		(2,902	)

Restricted stock expense, net of tax	$	5,839		$	4,646		$	4,636

			Weighted-Average Grant-Date Fair Value


Unvested Restricted Stock Grants
Unvested as of December 31, 2009	2,736		$	10.31
Forfeited	(277	)		10.99
Vested	(666	)		9.51
Granted	871			12.32

Unvested as of December 31, 2010	2,664			11.09
Forfeited	(74	)		12.90
Vested	(574	)		10.08
Granted	670			19.30

Unvested as of December 31, 2011	2,686			13.30
Forfeited	(92	)		16.41
Vested	(627	)		10.87
Granted	776			22.69

Unvested as of December 31, 2012	2,743		$	16.41