Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plans (Tables)

v3.3.1.900
Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Non-Vested Shares

A summary of non-vested restricted shares follows:

 

     Number of
Restricted
Shares
     Weighted
Average
Grant Date
Fair Value
Per Share
 

Outstanding non-vested December 31, 2014

     1,255,667       $ 2.38   

Shares granted

     1,103,500         1.33   

Shares vested

     (666,500      2.29   

Shares forfeited

     (346,334      2.03   
  

 

 

    

 

 

 

Outstanding non-vested December 31, 2015

     1,346,333       $ 1.66   
  

 

 

    

 

 

 

Summary of Stock Option Activity

The following table summarizes option activity of the 2003 and 2013 Plans. Substantially all of the options are exercisable as of December 31, 2015:

 

     Number of
Shares
Outstanding
Under Option
     Weighted
Average
Exercise
Price
 

Balance, December 31, 2014

     414,380       $ 4.29   

Options granted at market

     —           —     

Options exercised

     —           —     

Options forfeited or expired

     (99,546      4.07   
  

 

 

    

 

 

 

Balance, December 31, 2015

     314,834       $ 4.36