Capital Stock (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Unamortized Value of Restricted Stock

The unamortized value of $9.0 million at March 31, 2016, 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)	March 31, 2016 unamortized dollar value
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		638
Unamortized fair-value - event dependent		8,320
Total unamortized value	$	8,958

Summary of Company's Restricted Stock Award Activity

A summary of WMIH’s restricted stock award activity for the three months ended March 31, 2016 and year ended December 31, 2015 is presented below:

	Number of restricted stock awards outstanding		Weighted-average grant date fair value		Aggregate fair value (in thousands)
Outstanding—January 1, 2015		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
Restricted stock awards granted during 2016		—		—		—
Restricted stock awards released or forfeited during 2016		—		—		—
Outstanding—March 31, 2016		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 March 31, 2016 will vest, assuming circumstances remain unchanged, according to the following schedule:

Vesting schedule of shares subject to repurchase	March 31, 2016 unvested shares
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		3,826,826

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 three months ended March 31, 2016 and the year ended December 31, 2015 is presented below:

Vesting schedule of shares subject to repurchase	Unvested shares
Shares subject to repurchase—January 1, 2015		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
Shares issued subject to vesting during 2016		—
Unvested shares repurchased during 2016		—
Shares vested during 2016		(370,570	)
Shares subject to repurchase—March 31, 2016		3,826,826