Share Based Compensation

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHARE BASED COMPENSATION

Transactions in connection with the Company’s share based compensation plans during the six months ended June 30, 2017 were as follows:



Director stock awards granted	750
Employee Stock Purchase Plan (“ESPP”) shares issued	14,624
Restricted stock awards granted	144,750
Restricted stock awards canceled	2,117
Stock Option Activities:
Outstanding as of December 31, 2016	1,639,865
Granted⁽¹⁾	916,258
Exercised	(138,648	)
Forfeited	(3,374	)
Expired	(21,442	)
Outstanding as of June 30, 2017	2,392,659
Shares available for future grants and ESPP purchases as of June 30, 2017⁽²⁾	504,570

______________________


(1)	On June 2, 2017, the Company granted 846,353 stock options to existing option holders under make-whole provisions upon the Spin-off of SEACOR Marine.


(2)	Shares available for future grants and ESPP purchases were adjusted on June 2, 2017 to reflect the Spin-off of SEACOR Marine in accordance with make-whole provisions of the plans.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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