Annual report pursuant to Section 13 and 15(d)

Stock-based compensation (Tables)

v2.4.1.9
Stock-based compensation (Tables)
12 Months Ended
Nov. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Valuation Assumptions
The fair value of the stock option grants below were estimated on the date of the grant using a Black-Scholes valuation model and the assumptions in the following table:
Option Grant Date
February 1, 2014
October 2, 2014
October 16, 2014
Assumptions:



Risk-free interest rate
1.49%
1.7%
1.7%
Dividend yield
Stock volatility
32.16%
36.63%
37.51%
Option Term (years)
5
10
10
Activity of Share-based Payment Award
A summary of stock option activity for the Company is as follows:

Number of Options
Weighted-Average Exercise Price
Weighted-Average Remaining Term (years)
Aggregate Intrinsic Value
Outstanding at November 30, 2013
Granted
137,000
$3.40
5.7

Exercised
Cancelled or Forfeited
Outstanding at November 30, 2014
137,000
$3.40
5.7