Cryo-Cell International, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

Stock Options (Tables)

6 Months Ended

May 31, 2013

Significant Option Groups Outstanding and Exercisable Option and its Price and Contractual Life

Significant option groups outstanding and exercisable at May 31, 2013 and related price and contractual life information are as follows:


	Outstanding						Exercisable
Range of Exercise Prices	Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Outstanding		Weighted Average Exercise Price

$0.42 to $ 1.00		7,500		1.90	$	0.78		7,500	$	0.78
$1.01 to $ 2.00		520,926		7.34	$	1.69		510,929	$	1.69
$2.01 to $ 3.00		590,500		6.59	$	2.50		439,682	$	2.54
$3.01 to $ 4.00		—		—		—		—		—

		1,118,926		6.91	$	2.11		958,111	$	2.07

Summary of Non-Vested Options

A summary of the status of the Company’s non-vested shares as of May 31, 2013, and changes during the six months ended May 31, 2013, is presented below:


	Shares			Weighted Average Grant-Date Fair Value

Non-vested at November 30, 2012		251,403		$	1.77

Granted		13,500			1.67
Vested		(84,091	)		1.56
Forfeited		(19,997	)		1.86

Non-vested at May 31, 2013		160,815		$	1.86

Service-Based Vesting Condition Options [Member]

Fair Value of Options Granted

Variables used to determine the fair value of the options granted for the three and six months ended May 31, 2013 and May 31, 2012 are as follows:


	Three Months Ended						Six Months Ended
	May 31, 2013			May 31, 2012			May 31, 2013			May 31, 2012
Weighted average values:
Expected dividends		0	%		0	%		0	%		0	%
Expected volatility		112.4	%		113.7	%		113.3	%		111.8	%
Risk free interest rate		.81	%		.92	%		.81	%		.93	%
Expected life		5 years			5 years			5 years			5.7 years

Range of Expected Volatilities for Options

The range of expected volatilities for options issued during the six months ended May 31, 2013 and May 31, 2012 are as follows:


May 31, 2013		May 31, 2012

111.6% - 114.9%		111.3% - 114.6%

Stock Option Activity for Options

Stock option activity for options with only service-based vesting conditions for the six months ended May 31, 2013, was as follows:


	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value

Outstanding at November 30, 2012		1,183,098		$	2.15		7.12	$	580,730

Granted		13,500			2.09			$	880
Exercised		(7,500	)		1.58			$	3,925
Expired/forfeited		(70,172	)		2.82			$	6,458


Outstanding at May 31, 2013		1,118,926		$	2.11		6.91	$	261,694

Exercisable at May 31, 2013		958,111		$	2.07		7.13	$	253,928

Performance and Market-Based Vesting Condition Options [Member]

Fair Value of Options Granted

Variables used to determine the fair value of options with performance-based and market-based vesting conditions granted during the three and six months ended May 31, 2012 are as follows:


	Three Months Ended			Six Months Ended
	May 31, 2012			May 31, 2012
Weighted average values:
Expected dividends		0	%		0	%
Expected volatility		113.5	%		112.4	%
Risk free interest rate		.87	%		.90	%
Expected life		5 years			5.5 years

Range of Expected Volatilities for Options

The range of expected volatilities for performance-based and market-condition options issued during the three and six months ended May 31, 2012 are as follows:


Three Months Ended		Six Months Ended
May 31, 2012		May 31, 2012

113.5% - 113.5%		111.3% - 113.5%

Stock Option Activity for Options

Stock option activity for options with performance-based and market-based vesting conditions for the six months ended May 31, 2013, was as follows:


	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value

Outstanding at November 30, 2012		640,000	$	1.74		8.83	$	511,600

Granted		—		—
Exercised		—		—
Expired/forfeited		—		—


Outstanding at May 31, 2013		640,000	$	1.74		8.33	$	262,000

Exercisable at May 31, 2013		—		—		—		—