Rollins, Inc. Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2017

The following table summarizes the components of the Company’s stock-based compensation programs recorded as expense:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in thousands)	2017			2016			2017			2016
Time lapse restricted stock:
Pre-tax compensation expense	$	3,031		$	3,049		$	9,406			9,429
Tax benefit		(1,173	)		(1,180	)		(3,640	)		(3,649	)
Restricted stock expense, net of tax	$	1,858		$	1,869		$	5,766		$	5,780

The following table summarizes information on unvested restricted stock outstanding as of September 30, 2017:

				Average Grant-
	Number of			Date Fair
	Shares			Value
Unvested Restricted Stock at December 31, 2016		2,261		$	20.21
Forfeited		(31	)		22.64
Vested		(676	)		17.16
Granted		448			33.88
Unvested Restricted Stock at September 30, 2017		2,002		$	24.25