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Restricted Stock Units (RSUs) (Tables)
9 Months Ended
Sep. 30, 2017
Restricted Stock Units (RSUs) [Abstract]  
Schedule of Restricted Stock Units

Restricted Stock Units (RSUs)







 

 

 

Non-vested grants at December 31, 2016

 

 

733,000 

Granted - average weighted price per share on grant date $7.99

 

 

1,210,000 

Vested - average weighted price per share on vesting date was $7.59

 

 

(720,500)

Forfeited

 

 

(8,000)

Non-vested grants at September 30, 2017(1)

 

 

1,214,500 

(1) Following is the vesting schedule of RSUs.

 

 

 





 

 

 



 

 

 

Vesting Year

 

RSUs Vesting

 

2017

 

270,000 

 

2018

 

178,250 

 

2019

 

373,750 

 

2020

 

231,250 

 

2021

 

161,250 

 



 

1,214,500