Please answer the given financial question based on the context.
Context: part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities vornado 2019s common shares are traded on the new york stock exchange under the symbol 201cvno . 201d quarterly high and low sales prices of the common shares and dividends paid per share for the years ended december 31 , 2011 and 2010 were as follows : year ended year ended december 31 , 2011 december 31 , 2010 .
|quarter|year ended december 31 2011 high|year ended december 31 2011 low|year ended december 31 2011 dividends|year ended december 31 2011 high|year ended december 31 2011 low|dividends|
|1st|$ 93.53|$ 82.12|$ 0.69|$ 78.40|$ 61.25|$ 0.65|
|2nd|98.42|86.85|0.69|86.79|70.06|0.65|
|3rd|98.77|72.85|0.69|89.06|68.59|0.65|
|4th|84.30|68.39|0.69|91.67|78.06|0.65|
as of february 1 , 2012 , there were 1230 holders of record of our common shares . recent sales of unregistered securities during the fourth quarter of 2011 , we issued 20891 common shares upon the redemption of class a units of the operating partnership held by persons who received units , in private placements in earlier periods , in exchange for their interests in limited partnerships that owned real estate . the common shares were issued without registration under the securities act of 1933 in reliance on section 4 ( 2 ) of that act . information relating to compensation plans under which our equity securities are authorized for issuance is set forth under part iii , item 12 of this annual report on form 10-k and such information is incorporated by reference herein . recent purchases of equity securities in december 2011 , we received 410783 vornado common shares at an average price of $ 76.36 per share as payment for the exercise of certain employee options. .
Question: in december 2011 , what was the total dollar value of the vornado common shares rceived as payment for the exercise of certain employee options?


Answer: The answer is:31367389.88