Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plan (Tables)

v3.5.0.2
Stock-Based Compensation Plan (Tables)
6 Months Ended
Jun. 30, 2016
Stock-Based Compensation Plan [Abstract]  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards



 

 

Options Granted During the Six Months Ended June 30, 2016

 

 



 

 

Number of options

 

38

Option vesting period

 

1 Year

Grant price

 

$4.39

Dividend yield

 

0.00%

Expected volatility (a)

 

44.60%

Risk-free interest rate

 

1.23%

Expected life (years) (b)

 

5.31

Weighted average fair value

 

$1.81



 

 

(a)

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



(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.