| Schedule of Stock Option Activity |
During the three and six months ended June 30, 2015, we granted the following stock options:
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Three Months Ended June 30, 2015 |
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Six Months Ended June 30, 2015 |
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Vesting Period |
112,060 |
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|
1,860,950 |
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Granted options vest ratably over a period of twelve quarters |
20,125 |
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|
20,125 |
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|
Granted options vested upon the grant date |
40,420 |
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|
40,420 |
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|
Granted options vest ratably over a period of eight quarters |
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| Schedule of Restricted Stock Activity |
During the three and six months ended June 30, 2015, we granted the following restricted stock:
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Three Months Ended June 30, 2015 |
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Six Months Ended June 30, 2015 |
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Vesting Period |
33,257 |
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|
499,523 |
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|
Granted shares vest ratably over a period of twelve quarters |
— |
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|
162,695 |
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|
Granted shares vest ratably over a period of two quarters |
22,335 |
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|
22,335 |
|
|
Granted shares vested upon the grant date |
59,792 |
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|
59,792 |
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|
Granted shares vest ratably over a period of four quarters |
24,665 |
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|
24,665 |
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|
Granted shares vest ratably over a period of eight quarters |
The shares become eligible to vest based on the achievement of the following conditions:
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Three Months Ended June 30, 2015 |
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Six Months Ended June 30, 2015 |
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Condition to Become Eligible to Vest |
— |
|
30,000 |
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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 |
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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 |
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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 |
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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 |
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