Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2017

SOP 2015

Share-Based Payments

Schedule of movements of share options outstanding and their related weighted average exercise prices

	2017
Stock Option Plan 2015	Options		Weighted average exercise price in $ per share	Aggregate intrinsic value
Outstanding as of January 1, 2017	1,794,360		7.83	—
Granted	1,458,300		9.02	—
Exercised	—		—	—
Forfeited	(110,900	)	8.92	—
Outstanding as of September 30, 2017	3,141,760		8.34	$	—
Vested and exercisable as of September 30, 2017	897,159		7.67	$	1,630

Summary of assumptions used for valuation of options

Input parameters
Range of expected volatility	55.6% - 62.0%
Expected term of options (in years)	6.1
Range of risk-free interest rate	1.8% - 2.1%
Dividend yield	—

2017 Plan

Share-Based Payments

Schedule of movements of share options outstanding and their related weighted average exercise prices

	2017
2017 Plan	Options	Weighted average exercise price in $ per share	Aggregate intrinsic value
Outstanding as of January 1, 2017	—	—	—
Granted	150,600	7.69	—
Exercised	—	—	—
Forfeited	—	—	—
Outstanding as of September 30, 2017	150,600	7.69	$	76
Vested and exercisable as of September 30, 2017	—	—	—

Summary of assumptions used for valuation of options

Input parameters
Range of expected volatility	59.5% - 63.0%
Expected term of options (in years)	5.9
Range of risk-free interest rate	1.9% - 2.0%
Dividend yield	—