Stock-based Compensation

6 Months Ended

Jun. 30, 2016

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

Disclosure of Compensation Related Costs, Share-based Payments

Stock-based Compensation

The following table summarizes awards granted under the Radisys Corporation 2007 and LTIP Stock Plans (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2016	2015	2016	2015
Stock options	275	—	1,311	555
Restricted stock units	97	160	97	165
Performance based restricted stock awards (A)	165	—	845	1,450
Total	537	160	2,253	2,170

(A) On March 28, 2016, the Compensation Committee approved grants of performance-based restricted stock units ("PRSUs") to certain senior executives. The PRSUs will vest only on satisfaction of certain annual performance criteria during the performance period beginning on the grant date. Specifically, 50% of shares will vest on meeting targets of strategic revenue during fiscal year 2016 and 50% of shares will vest on meeting targets of strategic revenue during fiscal year 2017, subject to the attainment of achieving certain operating income thresholds defined by the Company's ratified 2017 annual operating plans. The awards have two separate annual performance achievement periods in 2016 and 2017 and vest upon attainment and approval of the respective performance conditions.

On March 2, 2015, the Compensation Committee approved PRSUs with a performance period starting on March 2, 2015 and ending on March 2, 2019, which provides that on the performance measurement date following the achievement of the following market condition stock price hurdles:

• 50% of the awards will be earned upon certification of achievement by the Compensation Committee that Radisys’ average closing stock price over a 30-trading day period is equal to or greater than $3.45 during a 3-year performance period.

• 50% of the awards will be earned upon certification of achievement by the Compensation Committee that Radisys’ average closing stock price over a 30-trading day period is equal to or greater than $4.25 during a 4-year performance period.

On July 22, 2016 the Compensation Committee certified the achievement of both market condition stock price hurdles as of the performance measurement date of June 30, 2016. All remaining expense associated with these awards was fully recognized during the three month period ended June 30, 2016.

Stock-based compensation was recognized and allocated as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Cost of sales	$	131	$	89	$	177	$	142
Research and development	285		257		438		389
Selling, general and administrative	776		794		1,265		1,268
Total	$	1,192	$	1,140	$	1,880	$	1,799