Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation and Restricted Stock Compensation

v3.5.0.2
Stock Based Compensation and Restricted Stock Compensation
 9 Months Ended
Sep. 30, 2016
Stock Based Compensation and Restricted Stock Compensation [Abstract]  
Stock Based Compensation and Restricted Stock Compensation
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Stock Based Compensation and Restricted Stock Compensation

For the three and nine months ended September 30, 2016, we recognized stock-based compensation expense of $917,000 and $3,894,000, respectively. For the three and nine months ended September 30, 2015 we recognized stock-based compensation expense of $1,452,000 and $2,581,000, respectively.

The following table summarizes stock-based compensation for the three and nine months ended September 30, 2016 and 2015:

   
Three months ended
September 30,
    
Nine months ended
September 30,
  
   
2016
    
2015
    
2016
    
2015
  
Research and development
  
$
274,000
    
$
142,000
    
$
937,000
    
$
246,000
  
General and administrative
    
643,000
      
1,310,000
      
2,957,000
      
2,335,000
  
Stock-based compensation expense included in operating expense
  
$
917,000
    
$
1,452,000
    
$
3,894,000
    
$
2,581,000
  
 
For the three and nine months ended September 30, 2016 we granted no options and 1,440,000 stock options, respectively, and for the three and nine months ended September 30, 2015 we granted no options and 1,815,000 stock options, respectively.

For the three and nine months ended September 30, 2016, we recognized restricted stock compensation expense of $241,000 and $3,120,000, respectively. For the three and nine months ended September 30, 2015 we recognized stock-based compensation expense of $1,892,000 and $2,960,000, respectively.

The following table summarizes restricted stock compensation expense for the three and nine months ended September 30, 2016 and 2015:

   
Three months ended
September 30,
    
Nine months ended
September 30,
  
   
2016
    
2015
    
2016
    
2015
  
Research and development
  
$
-
    
$
138,000
    
$
200,000
    
$
228,000
  
General and administrative
    
241,000
      
1,754,000
      
2,920,000
      
2,732,000
  
Restricted stock compensation expense included in operating expense
  
$
241,000
    
$
1,892,000
    
$
3,120,000
    
$
2,960,000
  
 
For the three and nine months ended September 30, 2016 no shares were granted to directors and employees. For the three and nine months ended September 30, 2015 we granted no shares and 1,360,000 shares, respectively of our common stock to directors and employees.