Options Granted During the Nine Months Ended September 30, 2014

Number of options

501

Option vesting period

1-5 Years

Grant price

$8.87 - $14.02

Dividend yield

0.00%

Expected volatility (a)

45.7% - 55.1%

Risk-free interest rate

1.63% - 2.31%

Expected life (years) (b)

5.31 - 6.95

Weighted average fair value

$4.63 - $7.82

(a)

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.

(b)

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.