Annual report pursuant to Section 13 and 15(d)

STOCK OPTION PLANS (Tables)

v3.8.0.1
STOCK OPTION PLANS (Tables)
12 Months Ended
Dec. 31, 2017
Equity Incentive Plan 2015 [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options
Summarized information for the 2015 Equity Incentive Plan is as follows:
 
 
 
 
 
Weighted-
 
 
 
 
 
average
 
 
 
 
 
exercise
 
 
 
Options
 
price
 
Outstanding options at January 1, 2016
 
 
1,994,000
 
$
6.90
 
Granted, fair value of $2.59 per share
 
 
2,622,500
 
 
3.29
 
Exercised
 
 
(151,000)
 
 
2.32
 
Expired/forfeited
 
 
(22,500)
 
 
3.23
 
Outstanding options at December 31, 2016
 
 
4,443,000
 
 
4.94
 
 
 
 
 
 
 
 
 
Granted, fair value of $11.35 per share
 
 
1,077,000
 
 
14.31
 
Exercised
 
 
(81,719)
 
 
4.22
 
Expired/forfeited
 
 
(325,314)
 
 
5.52
 
Outstanding options at December 31, 2017
 
 
5,112,967
 
 
9.07
 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2017
 
 
2,471,135
 
 
5.48
 
Options vested during the twelve months ended December 31, 2017
 
 
1,143,448
 
 
4.19
 
 
 
 
 
 
 
 
 
Non-vested options at December 31, 2016
 
 
3,115,313
 
 
4.24
 
Non-vested options at December 31, 2017
 
 
2,641,832
 
 
8.21
 
Information regarding options outstanding by range of exercise prices
Further information regarding options outstanding under the 2015 Equity Incentive Plan at December 31, 2015 is summarized below:
 
 
 
Number of
 
Weighted average
 
Number of
 
Weighted-average
 
 
 
options
 
Remaining
 
Exercise
 
Options
 
Remaining
 
Exercise
 
Range of exercise prices
 
outstanding
 
life in years
 
Price
 
exercisable
 
life in years
 
price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$2.31 – 4.45
 
 
2,723,092
 
 
8.9
 
$
3.64
 
 
1,137,177
 
 
8.9
 
$
3.31
 
$7.34
 
 
1,497,875
 
 
8.0
 
$
7.34
 
 
1,333,958
 
 
8.0
 
$
7.34
 
$16.00 – 16.70
 
 
892,000
 
 
10.0
 
$
16.06
 
 
-
 
 
10.0
 
 
-
 
 
 
 
5,112,967
 
 
 
 
 
 
 
 
2,471,135
 
 
 
 
 
 
 
Equity Incentive Plan 2005 [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summarized information of stock options
Summarized information for the 2005 Equity Incentive Plan is as follows:
 
 
 
 
 
Weighted-
 
 
 
 
 
average
 
 
 
 
 
exercise
 
 
 
Options
 
price
 
Outstanding options at January 1, 2016
 
 
330,084
 
$
13.49
 
Expired/forfeited
 
 
(1,524)
 
 
36.93
 
Outstanding options at December 31, 2016
 
 
328,560
 
 
14.57
 
 
 
 
 
 
 
 
 
Expired/forfeited
 
 
(11,800)
 
 
21.53
 
Outstanding options at December 31, 2017
 
 
316,760
 
 
14.31
 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2017
 
 
316,760
 
 
14.31
 
Information regarding options outstanding by range of exercise prices
Further information regarding options outstanding under the 2005 Equity Incentive Plan at December 31, 2017 is summarized below:
 
 
 
Number of
 
Weighted average
 
Number of
 
Weighted-average
 
 
 
options
 
Remaining
 
Exercise
 
options
 
Remaining
 
Exercise
 
Range of exercise prices
 
outstanding
 
life in years
 
price
 
exercisable
 
life in years
 
price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$3.25
 
 
120,000
 
 
3.0
 
$
3.25
 
 
120,000
 
 
3.0
 
$
3.25
 
$11.50 - 18.50
 
 
189,000
 
 
7.0
 
$
18.35
 
 
189,000
 
 
7.0
 
$
18.35
 
$30.50 – 150.00
 
 
7,760
 
 
3.2
 
$
86.79
 
 
7,760
 
 
3.2
 
$
86.79
 
 
 
 
316,760
 
 
 
 
 
 
 
 
316,760