Capital Stock (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Unamortized Value of Restricted Stock

The unamortized value of $10.2 million at September 30, 2015, if all are ultimately vested, would be amortized according to the following schedule. The fair value of the EXEC Grants will vest and be recognized on the date of the consummation of a Qualified Acquisition.

Amortization Schedule (in thousands)	September 30, 2015 unvested dollar value
4th quarter 2015	$	169
1st quarter 2016		164
2nd quarter 2016		131
3rd quarter 2016		131
4th quarter 2016		131
1st quarter 2017		95
2nd quarter 2017		39
3rd quarter 2017		39
4th quarter 2017		39
1st quarter 2018		33
Unvested fair value subject to vesting schedule		971
Unvested fair value event dependent		9,244
	$	10,215

Summary of Company's Restricted Stock Award Activity

A summary of WMIH’s restricted stock award activity for the nine months ended September 30, 2015 and year ended December 31, 2014 is presented below:

	Number of restricted stock awards outstanding		Weighted-average grant date fair value		Aggregate fair value (in thousands)
Outstanding—January 1, 2014		1,842,351	$	0.6787	$	1,250
Restricted stock awards granted during 2014		500,894	2.6602			1,332
Restricted stock awards released or forfeited during 2014		—		—		—
Outstanding—December 31, 2014		2,343,245		1.1023		2,582
Restricted stock awards granted during 2015		3,824,790		2.6093		9,980
Restricted stock awards released or forfeited during 2015		—		—		—
Outstanding—September 30, 2015		6,168,035	$	2.0366	$	12,562

Schedule of Vesting Shares Subject to Repurchase

The shares subject to repurchase at September 30, 2015 will vest according to the following schedule:

Vesting schedule of shares subject to repurchase	September 30, 2015 unvested shares
4th quarter 2015		—
1st quarter 2016		370,570
2nd quarter 2016		—
3rd quarter 2016		—
4th quarter 2016		—
1st quarter 2017		207,170
2nd quarter 2017		—
3rd quarter 2017		—
4th quarter 2017		—
1st quarter 2018		3,619,656
Total		4,197,396

Summary of Company's Restricted Shares Issued and Subject to Repurchase

A summary of the Company’s restricted shares issued and subject to repurchase as of the nine months ended September 30, 2015 and year ended December 31, 2014 is presented below:

Vesting schedule of shares subject to repurchase	Unvested shares
Shares subject to repurchase—January 1, 2014		1,456,987
Shares issued subject to vesting during 2014		500,894
Unvested shares repurchased during 2014		—
Shares vested during 2014		(614,117	)
Shares subject to repurchase—December 31, 2014		1,343,764
Shares issued subject to vesting during 2015		3,824,790
Unvested shares repurchased during 2015		—
Shares vested during 2015		(971,158	)
Shares subject to repurchase—September 30, 2015		4,197,396