Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.3.1.900
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share-based Compensation, Activity
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 years ended December 31, 2015, 2014 and 2013 (dollars in thousands):
 
 
 
For the Years Ended December 31,
 
($ in thousands)
 
2015
 
2014
 
2013
 
Employee awards
 
$
8,130
 
$
5,492
 
$
4,867
 
Executive awards of Fortress Companies' stock
 
 
2,228
 
 
-
 
 
-
 
Non-employee awards
 
 
33
 
 
54
 
 
897
 
Non-employee warrants
 
 
-
 
 
-
 
 
138
 
Fortress Companies (1)
 
 
3,900
 
 
-
 
 
-
 
Total stock-based compensation expense
 
$
14,291
 
$
5,546
 
$
5,902
 
 
 
(1)
Consists of approximately $50,400 of Avenue's compensation expenses, approximately $3.3 million of Checkpoint's compensation expense, and approximately $597,000 of JMC's compensation expenses on stock grants for the year ended December 31, 2015.
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes Fortress stock option activities excluding activities related to Fortress Companies:
 
 
 
Number of shares
 
Weighted
average
exercise price
 
Total
weighted
average
intrinsic value
 
Weighted
average
remaining
contractual
life (years)
 
Options vested and expected to vest at December 31, 2014
 
 
2,164,365
 
$
4.69
 
$
-
 
 
7.38
 
Options granted
 
 
-
 
 
-
 
 
-
 
 
-
 
Options exercised
 
 
(100,000)
 
 
2.15
 
 
64,000
 
 
-
 
Options cancelled
 
 
(285,000)
 
 
7.57
 
 
42,200
 
 
-
 
Options vested and expected to vest at December 31, 2015
 
 
1,779,365
 
$
4.37
 
$
666,396
 
 
6.32
 
Options vested and exercisable
 
 
1,067,168
 
$
3.69
 
$
633,046
 
 
5.85
 
Nonvested Restricted Stock Shares Activity
The following table summarizes Fortress restricted stock awards and restricted stock units activities, excluding activities related to Fortress Companies:
 
 
 
Number of shares
 
Weighted
average
grant price
 
Unvested balance at December 31, 2014
 
 
8,287,384
 
$
2.33
 
Restricted stock granted
 
 
200,000
 
 
3.04
 
Restricted stock vested
 
 
(816,449)
 
 
2.69
 
Restricted stock units granted
 
 
1,422,000
 
 
3.57
 
Restricted stock units cancelled
 
 
(10,000)
 
 
3.04
 
Restricted stock units vested
 
 
(325,000)
 
 
3.56
 
Unvested balance at December 31, 2015
 
 
8,757,935
 
$
2.47
 
Schedule of Warrant Activities
The following table summarizes Fortress warrant activities, excluding activities related to Fortress Companies:
 
 
 
Number of shares
 
Weighted
average
exercise price
 
Total
weighted
average
intrinsic value
 
Weighted
average
remaining
contractual
life (years)
 
Outstanding as of December 31, 2014
 
 
685,061
 
$
6.65
 
$
90,950.00
 
 
1.53
 
Granted
 
 
-
 
 
-
 
 
-
 
 
-
 
Exercised
 
 
-
 
 
-
 
 
-
 
 
-
 
Cancelled
 
 
(115,226)
 
 
8.33
 
 
-
 
 
-
 
Outstanding as of December 31, 2015
 
 
569,835
 
$
6.31
 
$
120,700
 
 
1.84
 
Exercisable as of December 31, 2015
 
 
569,835
 
$
6.31
 
$
120,700
 
 
1.84
 
Schedule of Fair Value of Separate Accounts by Major Category of Investment
On July 15, 2015, the following grants of 500,000 warrants each were made to Dr. Rosenwald and Mr. Weiss for their services to the Company:
 
Fortress Stock
 
Warrant Shares
 
Risk Free Rate
 
Volatilty
 
Life
 
Exercise
price
 
Fair Value
 
Mustang
 
 
1,000,000
 
 
2.36
%
 
106.11
%
 
10
 
$
0.147
 
$
135
 
Checkpoint
 
 
1,000,000
 
 
2.36
%
 
106.11
%
 
10
 
$
0.129
 
$
118
 
Avenue
 
 
1,000,000
 
 
2.36
%
 
106.11
%
 
10
 
$
0.146
 
$
134
 
CNDO SO
 
 
1,000,000
 
 
2.36
%
 
106.11
%
 
10
 
$
1.190
 
$
1,091
 
Helocyte
 
 
1,000,000
 
 
2.36
%
 
106.11
%
 
10
 
$
0.097
 
$
89
 
JMC
 
 
1,000,000
 
 
2.36
%
 
106.11
%
 
10
 
$
0.650
 
$
596
 
Escala
 
 
1,000,000
 
 
2.36
%
 
106.11
%
 
10
 
$
0.071
 
$
65
 
Schedule of Share-based Compensation, Restricted Stock Award Activity
 
 
RSU Grant
 
Vesting Term
 
Vested
 
Forfeited
 
Unvested
 
Fair Value
per Share
 
President
 
 
1,500,000
 
 
4
 
 
250,000
 
 
(1,250,000)
 
 
-
 
$
0.650
 
Sales Operations Staff
 
 
450,000
 
 
4
 
 
116,666
 
 
-
 
 
333,334
 
$
0.650
 
 
 
 
1,950,000
 
 
 
 
 
366,666
 
 
(1,250,000)
 
 
333,334