Ring Energy, Inc. General form of registration statement for all companies including face-amount certificate companies

Employee stock options (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

A summary of the stock option activity as of June 30, 2014, and changes during the six months then ended is as follows:

A summary of the status of the stock options as of December 31, 2012 and changes during the years ended December 31, 2012 and 2011 is as follows:

	2012			2011
	Options	Weighted-Average Exercise Price		Options	Weighted-Average Exercise Price
Outstanding at beginning of the year	1,125,000	$	2.00	-	$	-
Issued	165,000		4.50	1,125,000		2.00
Forfeited	(165,000)		2.00	-		-
Exercised	-		-	-		-

Outstanding at end of year	1,125,000	$	2.37	1,125,000	$	2.00

Exercisable at end of year	200,000	$	2.00	-	$	-

Weighted average fair value of
options granted during the year		$	4.26		$	2.32

Employee Stock Options Following is a table reflecting the issuances during 2012 and 2013 and their related exercise prices:

Employee Stock Options Following is a table reflecting the issuances during 2011 and 2012 and their related exercise prices:

A summary of the status of the stock options as of December 31, 2013 and changes during the years ended December 31, 2013 and 2012 is as follows:

	2013			2012
	Options	Weighted-Average Exercise Price		Options	Weighted-Average Exercise Price
Outstanding at beginning of the year	1,125,000	$	2.37	1,125,000	2.00
Issued	1,685,000		4.98	165,000	4.50
Forfeited	(137,500)		2.55	(165,000)	2.00
Exercised	(25,000)		3.50	-	-

Outstanding at end of year	2,647,500	$	4.01	1,125,000	2.37

Exercisable at end of year	662,500	$	3.13	200,000	2.00

Weighted average fair value of
options granted during the year		$	4.35		4.26

The following table summarizes information related to the Companys stock options outstanding at December 31, 2013:

	Options Outstanding
Exercise price	Number Outstanding	Weighted-Average Remaining Contractual Life (in years)	Number Exercisable
2.00	842,500	7.92	362,500
4.50	1,520,000	8.96	300,000
5.50	150,000	9.29	-
7.50	35,000	9.48	-
10.00	100,000	9.96	-

-	2,647,500	8.69	662,500

The following table summarizes information related to the Companys stock options outstanding at December 31, 2012:

	Options Outstanding
Exercise price	Number Outstanding	Weighted-Average Remaining Contractual Life (in years)	Number Exercisable
2.00	960,000	8.92	200,000
4.50	165,000	9.49	-

	1,125,000	9.00	200,000

The following are the Black-Scholes weighted-average assumptions used for options granted during the periods ended December 31, 2013 and 2012:

The following are the Black-Scholes weighted-average assumptions used for options granted during the periods ended December 31, 2012 and 2011: