Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation Plan (Tables)

v3.5.0.2
Stock-Based Compensation Plan (Tables)
9 Months Ended
Sep. 30, 2016
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards



 

 

Options Granted During the Nine Months Ended September 30, 2016

 

 



 

 

Number of options

 

163

Option vesting period

 

1-3 Years

Grant price

 

$4.38 - $4.39

Dividend yield

 

0.00%

Expected volatility (a)

 

43.0% - 44.6%

Risk-free interest rate

 

1.14% - 1.23%

Expected life (years) (b)

 

5.31 - 6.00

Weighted average fair value

 

$1.81 - $1.85



 

 

(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.

Restricted Stock  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards



 

 

Number issued

 

100

Vesting period

 

$15.00 stock price target

Grant price

 

$4.38

Dividend yield

 

0.0%

Expected volatility

 

44.1%

Risk-free interest rate

 

0.86%

Expected term (years)

 

2.43

Weighted average fair value

 

$1.05