Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity and Stock Based Compensation (Tables)

v3.3.0.814
Stockholders' Equity and Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Stockholders' Equity and Stock Based Compensation  
Schedule of changes in options outstanding under the combined plans

 

 

 

Number of
Options

 

Weighted Average
Exercise Price

 

Weighted Average
Remaining
Contractual Life

 

Aggregate Intrinsic
Value ($M)(1)

 

Outstanding at January 1, 2015

 

50,640

 

$

12.85

 

 

 

 

 

Granted in 2015

 

 

 

 

 

 

 

Canceled in 2015

 

(6,000

)

12.85

 

 

 

 

 

Exercised in 2015

 

(44,640

)

12.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The intrinsic value of an option is calculated as the difference between the market value on the last trading day of the quarter (September 30, 2015) and the exercise price of the outstanding options. The market value as of September 30, 2015 was $17.00 per share represented by the closing price as reported by The NASDAQ Global Market on that day.

 

 

 

Summary of nonvested shares of Restricted Stock awards outstanding and the changes during the period

 

 

 

Shares

 

Weighted Average
Grant Date
Fair Value

 

Nonvested shares at January 1, 2015

 

162,609

 

$

14.36

 

Granted in 2015

 

44,000

 

14.99

 

Vested in 2015

 

(59,361

)

13.64

 

Forfeited in 2015

 

(4,465

)

12.80

 

 

 

 

 

 

 

Nonvested shares at September 30, 2015

 

142,783

 

$

15.22