Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.2.0.727
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity
During the three and six months ended June 30, 2015, we granted the following stock options:
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
 
Vesting Period
112,060

 
1,860,950

 
Granted options vest ratably over a period of twelve quarters
20,125

 
20,125

 
Granted options vested upon the grant date
40,420

 
40,420

 
Granted options vest ratably over a period of eight quarters
Schedule of Restricted Stock Activity
During the three and six months ended June 30, 2015, we granted the following restricted stock:
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
 
Vesting Period
33,257

 
499,523

 
Granted shares vest ratably over a period of twelve quarters

 
162,695

 
Granted shares vest ratably over a period of two quarters
22,335

 
22,335

 
Granted shares vested upon the grant date
59,792

 
59,792

 
Granted shares vest ratably over a period of four quarters
24,665

 
24,665

 
Granted shares vest ratably over a period of eight quarters
The shares become eligible to vest based on the achievement of the following conditions:
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
 
Condition to Become Eligible to Vest
 
30,000
 
After the grant date and prior to July 1, 2017, the average closing price per share of the Company's common stock equals or exceeds $25.00 for twenty consecutive trading days
 
30,000
 
After the grant date and prior to July 1, 2017, the average closing price per share of the Company's common stock equals or exceeds $30.00 for twenty consecutive trading days
4,224
 
235,579
 
After the grant date and prior to July 1, 2018, the average closing price per share of the Company's common stock equals or exceeds $30.00 for twenty consecutive trading days
4,231
 
265,586
 
After the grant date and prior to July 1, 2018, the average closing price per share of the Company's common stock equals or exceeds $35.00 for twenty consecutive trading days
 
30,000
 
After the grant date and prior to July 1, 2018, the average closing price per share of the Company's common stock equals or exceeds $40.00 for twenty consecutive trading days