I'd like to remove "notification options" drop down

I find the bar a bit tall, and the “notification options” drop down obscuring the user drop down (from the avatar). I’d just like to remove that drop down.

I can’t find the file responsible for these things. Is it calling the content from a 3rd party source? I’m tempted to purchase a lifetime license, but I’d like to know that I can alter the output of it according to my needs and not just through the few options in admin.

Thanks

http://wordpress.org/extend/plugins/wp-notifications/