Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plan (Tables)

v3.3.0.814
Stock-Based Compensation Plan (Tables)
9 Months Ended
Sep. 30, 2015
Stock-Based Compensation Plan [Abstract]  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards

 

 

 

 

 

 

 

Options Granted During the Nine Months Ended September 30, 2015

 

 

 

 

 

Number of options

 

10

Option vesting period

 

4 Years

Grant price

 

$6.67

Dividend yield

 

0.00%

Expected volatility (a)

 

53.00%

Risk-free interest rate

 

1.86%

Expected life (years) (b)

 

6.45

Weighted average fair value

 

$3.53

 

 

 

(a)

Since the Company’s historical volatility was not representative of the ongoing future business, the Company’s expected volatility was based on a combination of the Company’s historical 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.