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Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2018
Stock Compensation Plans [Abstract]  
Schedule of Restricted Stock Units Available for Issuance

The table below shows the number of RSUs available for issuance at December 31, 2018:





 

 

Total authorized RSUs in Plan approved by shareholders

4,850,000 

 

Stock issued out of the Plan from vested grants

(2,802,284)

 

Non-vested grants

(789,250)

 

  RSUs available for future issuance

1,258,466 

 



 

 



Schedule of Restricted Stock Units





 

 

 



 

 

 

Non-vested grants at December 31, 2016

 

733,000

 

Granted – weighted average share price on grant date was $7.98 

 

1,211,500

 

Vested – weighted average share price on vesting date was $7.22 

 

(990,500

)

Forfeited

 

(9,500

)

Non-vested grants at December 31, 2017

 

944,500

 

Granted – weighted average share price on grant date was $5.76 

 

202,000

 

Vested – weighted average share price on vesting date was $6.21

 

(344,750

)

Forfeited

 

(12,500

)

Non-vested grants at December 31, 2018 (1)

 

789,250

 





_______________________________________

(1)RSU Vesting Schedule







 

 

 



 

 

 

Vesting Year

 

No. RSUs Vesting

 

2019

 

304,750 

 

2020

 

176,250 

 

2021

 

308,250 

 



Restricted Stock Unit Vesting

RSU Vesting Schedule







 

 

 



 

 

 

Vesting Year

 

No. RSUs Vesting

 

2019

 

304,750 

 

2020

 

176,250 

 

2021

 

308,250 

 



 

789,250