Capital Stock (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Unamortized Value of Restricted Stock

The unamortized value of $9.1 million at September 30, 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)	September 30, 2016 unamortized dollar value
4th quarter 2016	$	175
1st quarter 2017		140
2nd quarter 2017		84
3rd quarter 2017		84
4th quarter 2017		84
1st quarter 2018		78
2nd quarter 2018		45
3rd quarter 2018		44
4th quarter 2018		44
1st quarter 2019		38
Unamortized fair-value - subject to vesting schedule		816
Unamortized fair-value - event dependent		8,320
Total unamortized dollar value	$	9,136

Summary of Company's Restricted Stock Award Activity

A summary of WMIH’s restricted stock award activity for the nine months ended September 30, 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		212,765		2.3500		500
Restricted stock awards released or forfeited during 2016		—		—		—
Outstanding—September 30, 2016		6,380,800	$	2.1306	$	13,595

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 September 30, 2016 will vest, assuming circumstances remain unchanged, according to the following schedule:

Vesting schedule of shares subject to repurchase	September 30, 2016 unvested shares
4th quarter 2016		—
1st quarter 2017		278,095
2nd quarter 2017		—
3rd quarter 2017		—
4th quarter 2017		—
1st quarter 2018		3,690,576
2nd quarter 2018		—
3rd quarter 2018		—
4th quarter 2018		—
1st quarter 2019		70,920
Total unvested shares		4,039,591

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 September 30, 2016 and 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		212,765
Unvested shares repurchased during 2016		—
Shares vested during 2016		(370,570	)
Shares subject to repurchase—September 30, 2016		4,039,591