(1) Presented using the final rating from revised NAIC rating methodologies.
Fixed Maturity and Equity Securities Available-for-Sale.
See “Investments — Fixed Maturity and Equity Securities Available-for-Sale” in Note 3 of the Notes to the Consolidated Financial Statements for tables summarizing the cost or amortized cost, gross unrealized gains and losses, including noncredit loss component of OTTI loss, and estimated fair value of fixed maturity and equity securities on a sector basis, and selected information about certain fixed maturity securities held by the Company that were below investment grade or non-rated, non-income producing, credit enhanced by financial guarantor insurers — by sector, and the ratings of the financial guarantor insurers providing the credit enhancement at December 31, 2010 and 2009.
Concentrations of Credit Risk (Equity Securities).
The Company was not exposed to any significant concentrations of credit risk in its equity securities portfolio of any single issuer greater than 10% of the Company’s equity, or 1% of total investments, at December 31, 2010 and 2009.
Concentrations of Credit Risk (Fixed Maturity Securities) — Summary.
See “Investments— Fixed Maturity Securities Available-for-Sale Concentrations” in Note 3 of the Notes to the Consolidated Financial Statements for a summary of the concentrations of credit risk related to fixed maturity securities holdings.
Corporate Fixed Maturity Securities.
The Company maintains a diversified portfolio of corporate fixed maturity securities across industries and issuers.
This portfolio does not have exposure to any single issuer in excess of 1% of the total investments.
See “Invest- ments — Fixed Maturity and Equity Securities Available-for-Sale — Concentrations of Credit Risk (Fixed Maturity Securities) — U. S.  and Foreign Corporate Securities” in Note 3 of the Notes to the Consolidated Financial Statements for the tables that present the major industry types that comprise the corporate fixed maturity securities holdings, the largest exposure to a single issuer and the combined holdings in the ten issuers to which it had the largest exposure at December 31, 2010 and 2009.
Structured Securities.
The following table presents the types of structured securities and portion rated Aaa/AAA and portion rated NAIC 1 at
## Table 0 ##
RMBS.
See “Investments — Fixed Maturity and Equity Securities Available-for-Sale — Concentrations of Credit Risk (Fixed Maturity Securities) — RMBS” in Note 3 of the Notes to the Consolidated Financial Statements for the tables that present the Company’s RMBS holdings by security type and risk profile at December 31, 2010 and 2009.
The majority of RMBS held by the Company was rated Aaa/AAA by Moody’s, S&P or Fitch; and the majority was rated NAIC 1 by the NAIC at December 31, 2010 and 2009, as presented above.
The majority of the agency RMBS held by the Company was guaranteed or otherwise supported by FNMA, FHLMC or GNMA.
Non-agency RMBS includes prime and alternative residential mortgage loans (“Alt-A”) RMBS.
Prime residential mortgage lending includes the origination of residential mortgage loans to the most creditworthy borrowers with high quality credit profiles.
Alt-A is a classification of mortgage loans where the risk profile of the borrower falls between prime and sub-prime.
Sub-prime mortgage lending is the origination of residential mortgage loans to borrowers with weak credit profiles.
Included within Alt-A RMBS are resecuritization of real estate mortgage investment conduit (“Re-REMIC”) securities.
Re-REMIC Alt-A RMBS involve the pooling of previous issues of Alt-A RMBS and restructuring the combined pools to create new senior and subordinated securities.
The credit enhancement on the senior tranches is improved through the resecuritization.
The Company’s holdings are in senior tranches with significant credit enhancement.
The Company’s Alt-A securities portfolio has superior structure to the overall Alt-A market.
At December 31, 2010 and 2009, the Company’s Alt-A securities portfolio has no exposure to option adjustable rate mortgages (“ARMs”) and a minimal exposure to hybrid ARMs.
The Company’s Alt-A securities portfolio is comprised primarily of fixed rate mortgages which have performed better than both option ARMs and hybrid ARMs in the overall Alt-A market.
Additionally, 85% and 90% at December 31, 2010 and 2009, respectively, of the Company’s Alt-A securities portfolio has super senior credit enhancement, which typically provides double the credit enhancement of a standard Aaa/AAA rated fixed maturity security.
See “Investments — Fixed Maturity and Equity Securities Available-for-Sale — Concentrations of Credit Risk (Fixed Maturity Securities) — RMBS” in Note 3 of the Notes to Consolidated Financial Statements for a table that presents the estimated fair value of Alt-A securities held by the Company by vintage year, net unrealized loss, portion of holdings rated Aa/AA or better by Moody’s, S&P or Fitch, portion rated NAIC 1 by the NAIC, and portion of holdings that are backed by fixed rate collateral or hybrid ARM collateral at December 31, 2010 and 2009.
The Company’s holdings of Re-REMIC Alt-A RMBS reported within Alt-A RMBS were all rated NAIC 1 and were $703 million and $782 million at estimated fair value at December 31, 2010 and 2009, respectively.
RMBS in which the present value of projected future cash flows expected to be collected is less than amortized cost are reviewed for impairment in accordance with our impairment policy.
Based upon the analysis of the Company’s exposure to RMBS, including Alt-A RMBS
During the years ended December 31, 2013, 2012, and 2011, we recognized approximately $6.5 million, $5.1 million and $4.7 million of compensation expense, respectively, for these options.
As of December 31, 2013, there was approximately $20.3 million of total unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted average period of three years.
Stock-based Compensation Effective January 1, 1999, we implemented a deferred compensation plan, or the Deferred Plan, covering certain of our employees, including our executives.
The shares issued under the Deferred Plan were granted to certain employees, including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria.
Annual vesting occurs at rates ranging from 15% to 35% once performance criteria are reached.
A summary of our restricted stock as of December 31, 2013, 2012 and 2011 and charges during the years then ended are presented below:
## Table 1 ##
The fair value of restricted stock that vested during the years ended December 31, 2013, 2012 and 2011 was $1.6 million, $22.4 million and $4.3 million, respectively.
As of December 31, 2013, there was $17.8 million of total unrecognized compensation cost related to unvested restricted stock, which is expected to be recognized over a weighted average period of approximately 2.7 years.
For the years ended December 31, 2013, 2012 and 2011, approximately $4.5 million, $4.1 million and $3.4 million, respectively, was capitalized to assets associated with compensation expense related to our long-term compensation plans, restricted stock and stock options.
We granted LTIP units, which include bonus, time-based and performance based awards, with a fair value of $27.1 million, zero and $8.5 million as of 2013, 2012 and 2011, respectively.
The grant date fair value of the LTIP unit awards was calculated in accordance with ASC 718.
A third party consultant determined the fair value of the LTIP units to have a discount from SL Green's common stock price.
The discount was calculated by considering the inherent uncertainty that the LTIP units will reach parity with other common partnership units and the illiquidity due to transfer restrictions.
As of December 31, 2013, there was $5.0 million of total unrecognized compensation expense related to the time-based and performance based awards, which is expected to be recognized over a weighted average period of approximately 1.5 years.
During the years ended December 31, 2013, 2012 and 2011, we recorded compensation expense related to bonus, time-based and performance based awards of approximately $27.3 million, $12.6 million and $8.5 million, respectively.2010 Notional Unit Long-Term Compensation Plan In December 2009, the compensation committee of the Company's board of directors approved the general terms of the SL Green Realty Corp.  2010 Notional Unit Long-Term Compensation Program, or the 2010 Long-Term Compensation Plan.
The 2010 Long-Term Compensation Plan is a long-term incentive compensation plan pursuant to which award recipients could earn, in the aggregate, from approximately $15.0 million up to approximately $75.0 million of LTIP Units in the Operating Partnership based on our stock price appreciation over three years beginning on December 1, 2009; provided that, if maximum performance had been achieved, approximately $25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $25.0 million of awards could be earned at any time after the beginning of the third year.
In order to achieve maximum performance under the 2010 Long-Term Compensation Plan, our aggregate stock price appreciation during the performance period had to equal or exceed 50%.
The compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and, accordingly, 366,815 LTIP Units, 385,583 LTIP Units and 327,416 LTIP Units were earned under the 2010 Long-Term Compensation Plan in December 2010, 2011 and 2012, respectively.
Substantially in accordance with the original terms of the program, 50% of these LTIP Units vested on December 17, 2012 (accelerated from the original January 1, 2013 vesting date), 25% of these LTIP Units vested on December 11, 2013 (accelerated from the original January 1, 2014 vesting date) and the remainder is scheduled to vest on January 1, 2015 based on
Summary of Cash and Cash Equivalents, Restricted Trust and Escrow Accounts and Debt Obligations The following is a summary of our cash and cash equivalents, restricted trust and escrow accounts and debt balances as of December 31, 2011 and 2010 (in millions):
## Table 2 ##
Cash and cash equivalents — Cash and cash equivalents consist primarily of cash on deposit and money market funds that invest in U. S.  government obligations with original maturities of three months or less.
Our cash and cash equivalents have decreased as a result of the execution of our strategic growth plans, which has increased our level of capital spending, acquisitions and investments.
Restricted trust and escrow accounts — Restricted trust and escrow accounts consist primarily of (i) funds deposited for purposes of settling landfill final capping, closure, post-closure and environmental remediation obligations; and (ii) funds received from the issuance of tax-exempt bonds held in trust for the construction of various projects or facilities.
These balances are primarily included within long-term “Other assets” in our Consolidated Balance Sheets.
Debt — We use long-term borrowings in addition to the cash we generate from operations as part of our overall financial strategy to support and grow our business.
We primarily use senior notes and tax-exempt bonds to borrow on a long-term basis, but also use other instruments and facilities when appropriate.
The components of our long-term borrowings as of December 31, 2011 are described in Note 7 to the Consolidated Financial Statements.
Changes in our outstanding debt balances from December 31, 2010 to December 31, 2011 were primarily due to (i) net debt borrowings of $698 million; (ii) $100 million in non-cash proceeds from tax-exempt borrowings; and (ii) the impacts of accounting for other non-cash changes in our debt balances due to hedge accounting for interest rate swaps, foreign currency translation, interest accretion and capital leases.
As of December 31, 2011, we had (i) $925 million of debt maturing within twelve months, including $150 million of borrowings outstanding under our revolving credit facility, U. S. $137 million of advances outstanding under our Canadian credit facility, $400 million of 6.375% senior notes that mature in November 2012 and $168 million of tax-exempt bonds and (ii) $305 million of fixed-rate tax-exempt borrowings subject to re-pricing within the next twelve months.
Under accounting principles generally accepted in the United States, this debt must be classified as current unless we have the intent and ability to refinance it on a long-term basis.
We have the intent and ability to refinance $599 million of this debt on a long-term basis and have classified the remaining $631 million as current obligations as of December 31, 2011.
In January 2012, we borrowed an additional $50 million under our revolving credit facility, increasing the total loans outstanding under our revolving credit facility to $200 million.
REALTy INCOME CORPORATION AND SuBSIDIARIES Notes to Consolidated Financial Statements, cont’d.
H.  In 2009, Realty Income and Crest amended certain prior year state tax returns and determined that it is more-likely-than-not that we will be collecting refunds in the future as a result of these amendments.
As a result of this, in 2009, Realty Income recorded a tax receivable of $454,000 and Crest recorded a tax receivable of $303,000.
I.
In 2008, Crest sold two properties for $23.5 million and received notes totaling $19.2 million from the buyers, which are included in “other assets” on our consolidated balance sheets.
J.
In accordance with our policy, we recorded adjustments to our estimated legal obligations related to asset retirement obligations on two land leases in the following amounts: an increase of $82,000 in 2010, a reduction of $63,000 in 2009 and an increase of $335,000 in 2008.
These asset retirement obligations account for the difference between our obligations to the landlord under the two land leases and our subtenant’s obligations to us under the subleases.
K.  Accrued costs on properties under development resulted in an increase in buildings and improvements and accounts payable of $337,000 at December 31, 2010.14.
EMPLOyEE BENEFIT PLAN We have a 401(k) plan covering substantially all of our employees.
Under our 401(k) plan, employees may elect to make contributions to the plan up to a maximum of 60% of their compensation, subject to limits under the Code.
We match 50% of our employee’s contributions, up to 3% of the employee’s compensation.
Our aggregate matching contributions each year have been immaterial to our results of operations.15.
COMMON STOCk INCENTIvE PLAN In 2003, our Board of Directors adopted, and stockholders approved, the 2003 Incentive Award Plan of Realty Income Corporation, or the Stock Plan, to enable us to attract and retain the services of directors, employees and consultants, considered essential to our long-term success.
The Stock Plan offers our directors, employees and consultants an opportunity to own stock in Realty Income and/or rights that will reflect our growth, development and financial success.
The Stock Plan was amended and restated by our Board of Directors in February 2006 and in May 2007.
Under the terms of this plan, the aggregate number of shares of our common stock subject to options, stock purchase rights, or SPR, stock appreciation rights, or SAR, and other awards will be no more than 3,428,000 shares.
The maximum number of shares that may be subject to options, SPR, SAR and other awards granted under the plan to any individual in any calendar year may not exceed 1,600,000 shares.
This plan has a term of 10 years from the date it was adopted by our Board of Directors, which was March 12, 2003.
To date, we have not issued any SPR or SAR.
The amount of share-based compensation costs recognized in “general and administrative expense” on our consolidated statements of income during 2010 was $6.2 million, during 2009 was $4.7 million and during 2008 was $5.0 million.
The following table summarizes our common stock grant activity under our Stock Plan.
Our common stock grants vest over periods ranging from immediately to 10 years.
## Table 3 ##
(1) Grant date fair value.
Table of Contents Part II, Item 8 SCHLUMBERGER LIMITED (SCHLUMBERGER N. V. , INCORPORATED IN THE NETHERLANDS ANTILLES) AND SUBSIDIARY COMPANIES SHARES OF COMMON STOCK
## Table 4 ##
See the Notes to Consolidated Financial Statements

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="4"> December 31,</td></tr><tr><td></td><td colspan="2">2010</td><td colspan="2"> 2009</td></tr><tr><td></td><td> Estimated </td><td></td><td> Estimated </td><td></td></tr><tr><td></td><td> Fair </td><td>% of</td><td> Fair </td><td> % of </td></tr><tr><td></td><td> Value</td><td>Total</td><td> Value</td><td> Total</td></tr><tr><td></td><td></td><td colspan="2"> (In millions)</td><td></td></tr><tr><td>RMBS</td><td>$44,733</td><td>56.1%</td><td>$44,020</td><td>60.5%</td></tr><tr><td>CMBS</td><td>20,675</td><td>26.0</td><td>15,622</td><td>21.4</td></tr><tr><td>ABS</td><td>14,290</td><td>17.9</td><td>13,162</td><td>18.1</td></tr><tr><td>Total structured securities</td><td>$79,698</td><td>100.0%</td><td>$72,804</td><td>100.0%</td></tr><tr><td>Ratings profile:</td><td></td><td></td><td></td><td></td></tr><tr><td>RMBS rated Aaa/AAA</td><td>$36,085</td><td>80.7%</td><td>$35,626</td><td>80.9%</td></tr><tr><td>RMBS rated NAIC 1</td><td>$38,984</td><td>87.1%</td><td>$38,464</td><td>87.4%</td></tr><tr><td>CMBS rated Aaa/AAA</td><td>$16,901</td><td>81.7%</td><td>$13,355</td><td>85.5%</td></tr><tr><td>CMBS rated NAIC 1</td><td>$19,385</td><td>93.7%</td><td>$15,000</td><td>96.0%</td></tr><tr><td>ABS rated Aaa/AAA</td><td>$10,411</td><td>72.9%</td><td>$9,354</td><td>71.1%</td></tr><tr><td>ABS rated NAIC 1</td><td>$13,136</td><td>91.9%</td><td>$11,573</td><td>87.9%</td></tr></table>
<table><tr><td></td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>Balance at beginning of year</td><td>2,804,901</td><td>2,912,456</td><td>2,728,290</td></tr><tr><td>Granted</td><td>192,563</td><td>92,729</td><td>185,333</td></tr><tr><td>Cancelled</td><td>-3,267</td><td>-200,284</td><td>-1,167</td></tr><tr><td>Balance at end of year</td><td>2,994,197</td><td>2,804,901</td><td>2,912,456</td></tr><tr><td>Vested during the year</td><td>21,074</td><td>408,800</td><td>66,299</td></tr><tr><td>Compensation expense recorded</td><td>$6,713,155</td><td>$6,930,381</td><td>$17,365,401</td></tr><tr><td>Weighted average fair value of restricted stock granted during the year</td><td>$17,386,949</td><td>$7,023,942</td><td>$21,768,084</td></tr></table>
<table><tr><td></td><td> 2011</td><td> 2010</td></tr><tr><td>Cash and cash equivalents</td><td>$258</td><td>$539</td></tr><tr><td>Restricted trust and escrow accounts:</td><td></td><td></td></tr><tr><td>Final capping, closure, post-closure and environmental remediation funds</td><td>$123</td><td>$124</td></tr><tr><td>Tax-exempt bond funds</td><td>14</td><td>14</td></tr><tr><td>Other</td><td>15</td><td>8</td></tr><tr><td>Total restricted trust and escrow accounts</td><td>$152</td><td>$146</td></tr><tr><td>Debt:</td><td></td><td></td></tr><tr><td>Current portion</td><td>$631</td><td>$233</td></tr><tr><td>Long-term portion</td><td>9,125</td><td>8,674</td></tr><tr><td>Total debt</td><td>$9,756</td><td>$8,907</td></tr><tr><td>Increase in carrying value of debt due to hedge accounting for interest rate swaps</td><td>$102</td><td>$79</td></tr></table>
<table><tr><td></td><td colspan="2">2010</td><td colspan="2">2009</td><td colspan="2">2008</td></tr><tr><td></td><td>Number of shares</td><td>Weightedaverageprice-1</td><td>Number of shares</td><td>Weightedaverageprice-1</td><td>Number of shares</td><td>Weightedaverageprice-1</td></tr><tr><td>Outstanding nonvested shares, beginning of year</td><td>853,234</td><td>$19.14</td><td>994,453</td><td>$19.70</td><td>994,572</td><td>$19.46</td></tr><tr><td>Shares granted</td><td>278,200</td><td>28.99</td><td>142,860</td><td>22.86</td><td>249,447</td><td>26.63</td></tr><tr><td>Shares vested</td><td>-206,153</td><td>23.70</td><td>-214,521</td><td>23.14</td><td>-188,215</td><td>21.96</td></tr><tr><td>Shares forfeited</td><td>-987</td><td>26.03</td><td>-69,558</td><td>25.95</td><td>-61,351</td><td>22.13</td></tr><tr><td>Outstanding nonvested shares, end of year</td><td>924,294</td><td>$19.69</td><td>853,234</td><td>$19.14</td><td>994,453</td><td>$19.70</td></tr></table>
<table><tr><td></td><td>Issued</td><td>In Treasury</td><td>Shares Outstanding</td></tr><tr><td>Balance, January 1, 2001</td><td>667,085,793</td><td>-94,361,099</td><td>572,724,694</td></tr><tr><td>Employee stock purchase plan</td><td>–</td><td>1,752,833</td><td>1,752,833</td></tr><tr><td>Shares granted to Directors</td><td>–</td><td>4,800</td><td>4,800</td></tr><tr><td>Shares sold to optionees</td><td>8,385</td><td>1,399,686</td><td>1,408,071</td></tr><tr><td>Balance, December 31, 2001</td><td>667,094,178</td><td>-91,203,780</td><td>575,890,398</td></tr><tr><td>Employee stock purchase plan</td><td>–</td><td>2,677,842</td><td>2,677,842</td></tr><tr><td>Shares granted to Directors</td><td>–</td><td>3,500</td><td>3,500</td></tr><tr><td>Shares sold to optionees</td><td>10,490</td><td>2,243,400</td><td>2,253,890</td></tr><tr><td>Acquisition of Technoguide</td><td>–</td><td>1,347,485</td><td>1,347,485</td></tr><tr><td>Balance, December 31, 2002</td><td>667,104,668</td><td>-84,931,553</td><td>582,173,115</td></tr><tr><td>Employee stock purchase plan</td><td>–</td><td>2,464,088</td><td>2,464,088</td></tr><tr><td>Shares granted to Directors</td><td>–</td><td>3,500</td><td>3,500</td></tr><tr><td>Shares sold to optionees</td><td>1,320</td><td>1,306,305</td><td>1,307,625</td></tr><tr><td>Balance, December 31, 2003</td><td>667,105,988</td><td>-81,157,660</td><td>585,948,328</td></tr></table>

Question: what was amount of shares issued to directors during the period?
Answer: 11800
Reasoning program: add(4800,3500), add(#0,3500)