2016

2015

2014



Number of options

163

103

90

529

Option vesting period

1-3 Years

1 - 4 Years

Immediate

1 - 5 Years

Grant price

$4.38 - $4.39

$4.41 - $6.67

$8.35

$7.36 - $14.02

Dividend yield

0.00%

0.0%

0.0%

0.0%

Expected volatility

43.0% - 44.6% (a)

45.0% - 53.0% (b)

44.4% (b)

45.7% - 55.1% (b)

Risk-free interest rate

1.14% - 1.23%

1.56% - 2.11%

1.56%

1.63% - 2.31%

Expected life (years) (c)

5.31 - 6.00

5.31 - 6.58

5.00

5.31 - 6.95

Weighted average fair value

$1.81 - $1.85

$1.85 - $3.53

$0.97

$3.89 - $7.82

(a)

Expected volatility is based upon the Company’s historical volatility.

(b)

Since the Company’s historical volatility was not representative of the ongoing future business, the Company’s historical volatility was based on a combination of the Company’s volatility and the historical volatility of a peer group of companies within similar industries and similar size as the Company.

(c)

Because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term for these grants, the Company utilized the simplified method in developing an estimate of the expected term of these options.





Year Ended December 31,



2016

2015

2014



Restricted stock awards

$

$

$

Stock options

Total

$

$

$



Exercise Price Range

Outstanding

Exercisable

Remaining Life In Years

Weighted Average Exercise Price

$4.00 - $4.72

$

$4.72 - $13.38

$



$