Capital Stock (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Unamortized Value of Restricted Stock

The unamortized value of $10.0 million at December 31, 2015, if all are ultimately vested will be amortized according to the following schedule.

Amortization Schedule (in thousands)	December 31, 2015 unamortized dollar value
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
Unamortized fair-value - subject to vesting schedule		802
Unamortized fair-value - event dependent		9,209
Total unamortized value		10,011

Summary of Company's Restricted Stock Award Activity

A summary of WMIH’s restricted share award activity for the years ended December 2015, December 31, 2014 and December 31, 2013 is presented below.

	Number of restricted stock awards outstanding		Weighted-average grant date fair value		Aggregate fair value (in thousands)
Outstanding—January 1, 2013		1,156,078	$	0.4761	$	550
Restricted stock awards granted during 2013		686,273		1.0200	700
Restricted stock awards released or forfeited during 2013		—		—		—
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		2.7486		10,513
Restricted stock awards released or forfeited during 2015		—		—		—
Outstanding—December 31, 2015		6,168,035	$	2.1230	$	13,095

Schedule of Vesting Shares Subject to Repurchase

The EXEC Grants vest upon future events, and are not time specific, and for this reason we have used 1st quarter 2018 as the vesting date in the following table as this date corresponds with the Series B Preferred Stock potential redemption date. The shares subject to repurchase at December 31, 2015 will vest according to the following schedule:

Vesting schedule of shares subject to repurchase	December 31, 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 unvested shares		4,197,396

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

A summary of WMIH’s restricted shares issued and subject to repurchase as of the years ended December 31, 2015, December 31, 2014 and December 31, 2013 is presented below.

Vesting schedule of shares subject to repurchase	Unvested shares
Shares subject to repurchase—January 1, 2013		1,156,078
Shares issued subject to vesting during 2013		686,273
Unvested shares repurchased during 2013		—
Shares vested during 2013		(385,364	)
Shares subject to repurchase—December 31, 2013		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—December 31, 2015		4,197,396