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Share-Based Compensation
9 Months Ended
Sep. 30, 2017
Share-Based Compensation [Abstract]  
Share-Based Compensation
4.
Share-Based Compensation


We currently have three types of share-based awards outstanding to our employees and directors: stock options, restricted stock units, and market stock units. We believe that our share-based awards align the interests of our employees and directors with those of our stockholders.

We recognize share-based compensation expense for the market stock units if the requisite service period is rendered, even if the market condition is never satisfied. For the three and nine months ended September 30, 2017, we recognized share-based compensation costs of $1.7 million and $5.0 million, respectively.  For the three and nine months ended September 30, 2016, we recognized share-based compensation costs of $10.0 million and $15.4 million, respectively, of which $8.4 million and $10.2 million, respectively, are in discontinued operations and include the acceleration of vesting of all unvested stock options, market stock units and restricted stock units held by two former senior executives as of Closing who had accepted employment with Sharecare.  Beginning in January 2017 with the adoption of ASU 2016-09, we account for forfeitures as they occur.

A summary of our stock options as of September 30, 2017 and the changes during the nine months then ended is presented below:
 
 
 
 
 
 
Options
 
Shares
(In thousands)
 
 
Weighted
Average Exercise
Price
Per Share
 
 
Weighted Average
Remaining
Contractual
Term
 
 
Aggregate Intrinsic Value (In thousands)
 
Outstanding at January 1, 2017
 
 
1,024
 
 
$
14.02
 
 
 
 
 
 
 
Granted
 
 
 
 
 
 
 
 
 
 
 
 
Exercised
 
 
(367
)
 
 
12.41
 
 
 
 
 
 
 
Forfeited
 
 
 
 
 
 
 
 
 
 
 
 
Expired
 
 
(45
)
 
 
45.36
 
 
 
 
 
 
 
Outstanding at September 30, 2017
 
 
612
 
 
$
12.68
 
 
 
4.4
 
 
$
17,223
 
Exercisable at September 30, 2017
 
 
588
 
 
$
12.50
 
 
 
4.3
 
 
$
16,627
 

The following table shows a summary of our restricted stock and restricted stock units as of September 30, 2017, as well as activity during the nine months then ended:

 
 
Restricted Stock and
Restricted Stock Units
 
 
 
Shares
(In thousands)
 
 
Weighted-
Average
Grant Date
Fair Value
 
Nonvested at January 1, 2017
 
 
939
 
 
$
13.11
 
Granted
 
 
136
 
 
 
32.06
 
Vested
 
 
(310
)
 
 
13.19
 
Forfeited
 
 
(49
)
 
 
12.35
 
Nonvested at September 30, 2017
 
 
716
 
 
$
16.54
 
 
The following table shows a summary of our market stock units as of September 30, 2017, as well as activity during the nine months then ended:

 
 
 
 
Market Stock Units
 
 
 
 
 
Shares
(In thousands)
 
 
Weighted-
Average
Grant Date
Fair Value
 
Nonvested at January 1, 2017
 
 
 
 
406
 
 
$
8.75
 
Granted
 
 
 
 
 
 
 
 
Vested
 
 
 
 
(8
 
 
5.46
 
Forfeited
 
 
 
 
(25
 
 
5.95
 
Nonvested at September 30, 2017
 
 
 
 
373
 
 
$
9.01