Meritage Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Below is a summary of compensation expense and stock award activity (dollars in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Stock-based compensation expense	$	2,853	$	2,097	$	5,264	$	3,941
Non-vested shares granted	19,400		10,000		374,683		342,100
Performance-based non-vested shares granted	—		—		52,083		62,500
Stock options exercised	—		199,827		40,245		322,100
Restricted stock awards vested (includes performance-based awards)	7,220		6,200		307,390		280,800

The following table includes additional information regarding the Plan (dollars in thousands):



	As of
	June 30, 2014		December 31, 2013
Unrecognized stock-based compensation cost	$	27,668	$	17,385
Weighted average years remaining vesting period	2.66		2.18
Total equity awards outstanding (1)	1,336,921		1,317,710

(1) Includes vested and unvested options outstanding and unvested restricted stock awards