Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Stockholders' Equity  
Schedule of stock-based compensation expense

The following table summarizes the stock-based compensation expense from stock option, employee stock purchase programs and restricted Common Stock awards and warrants for the three months ended March 31, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 

($ in thousands)

    

2020

    

2019

Employee awards

 

$

1,217

 

$

935

Executive awards of Fortress partner companies’ stock

 

 

401

 

 

352

Non-employee awards

 

 

54

 

 

(2)

Fortress  partner companies:

 

 

 

 

 

 

Avenue

 

 

215

 

 

751

Checkpoint

 

 

639

 

 

798

Mustang

 

 

805

 

 

432

Other

 

 

69

 

 

43

Total stock-based compensation

 

$

3,400

 

$

3,309

 

Schedule of Stock option activities

The following table summarizes Fortress stock option activities excluding activity related to Fortress partner companies:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

 

 

 

 

 

 

Total

 

remaining

 

 

 

 

Weighted average

 

weighted average

 

contractual life

 

    

Number of shares

    

exercise price

    

intrinsic value

    

(years)

Options vested and expected to vest at December 31, 2019

 

1,410,501

 

$

4.30

 

$

684,752

 

2.33

Options vested and expected to vest at March 31, 2020

 

1,410,501

 

$

4.30

 

$

285,744

 

2.08

Options vested and exercisable at March 31, 2020

 

1,310,501

 

$

4.54

 

$

214,744

 

1.95

 

Schedule of Restricted stock awards and restricted stock units

The following table summarizes Fortress restricted stock awards and restricted stock units activities, excluding activities related to Fortress Companies:

 

 

 

 

 

 

 

 

    

 

    

Weighted average

 

 

Number of shares

 

grant price

Unvested balance at December 31, 2019

 

13,768,014

 

$

2.46

Restricted stock granted

 

1,873,072

 

 

2.57

Restricted stock vested

 

(1,539,564)

 

 

2.69

Restricted stock units granted

 

6,836

 

 

2.56

Restricted stock units forfeited

 

(81,250)

 

 

3.28

Restricted stock units vested

 

(79,335)

 

 

3.56

Unvested balance at March 31, 2020

 

13,947,773

 

$

2.47

 

Schedule of Warrant activities

The following table summarizes Fortress warrant activities, excluding activities related to Fortress Companies:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total weighted

 

Weighted average

 

 

 

 

 

 

 

average

 

remaining

 

 

Number of

 

Weighted average

 

 intrinsic

 

contractual life

 

    

shares

    

exercise price

    

value

    

(years)

Outstanding as of December 31, 2019

 

2,741,180

 

$

3.19

 

$

111,000

 

2.73

Granted

 

 —

 

 

 —

 

 

 —

 

 —

Forfeited

 

 —

 

 

 —

 

 

 —

 

 —

Outstanding as of March 31, 2020

 

2,741,180

 

$

3.19

 

$

31,200

 

2.48

Exercisable as of March 31, 2020

 

2,656,180

 

$

2.79

 

$

31,200

 

1.99