ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Note 12 - Employee and Director Benefits (Tables)

12 Months Ended

Dec. 31, 2018

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In Thousands)
Year Ended December 31, 2018:
Outstanding at beginning of year		1,666,834		$	10.68		5.5	$	51,377
Granted		42,250			37.21		9.6		-
Exercised		(414,336	)		5.73		2.8		10,832
Forfeited		(56,000	)		15.40		6.2		912
Outstanding at end of year		1,238,748		$	13.02		5.2	$	23,355

Exercisable at December 31, 2018		510,100		$	7.08		3.5	$	12,645

Year Ended December 31, 2017:
Outstanding at beginning of year		2,026,334		$	9.00		6.2	$	57,636
Granted		58,000			37.59		9.1		227
Exercised		(385,500	)		4.96		4.0		14,087
Forfeited		(32,000	)		21.96		8.1		625
Outstanding at end of year		1,666,834		$	10.68		5.5	$	51,377

Exercisable at December 31, 2017		808,236		$	5.22		3.9	$	29,321

Year Ended December 31, 2016:
Outstanding at beginning of year		2,498,834		$	6.66		6.3	$	42,746
Granted		241,000			20.15		9.1		4,166
Exercised		(682,500	)		4.28		3.9		22,629
Forfeited		(31,000	)		11.04		6.8		818
Outstanding at end of year		2,026,334		$	9.00		6.2	$	57,636

Exercisable at December 31, 2016		928,536		$	5.08		4.8	$	30,051

Range of Exercise Price		Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In Thousands)
$	4.17		27,500	$	4.17		0.8	$	762
	5.00		244,000		5.00		2.6		6,556
	5.50		120,000		5.50		4.2		3,164
	6.92		45,000		6.92		5.0		1,123
	15.74		21,600		15.74		6.1		348
	18.57		52,000		18.57		4.5		692
			510,100	$	7.08		3.5	$	12,645