Capital Stock and Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Unamortized Value of Restricted Stock

The unamortized value of $3.5 million at December 31, 2017, if all are ultimately vested will be amortized according to the following schedule.

Amortization Schedule (in thousands)	December 31, 2017 unamortized dollar value
1st quarter 2018	$	98
2nd quarter 2018		71
3rd quarter 2018		71
4th quarter 2018		71
1st quarter 2019		66
2nd quarter 2019		36
3rd quarter 2019		36
4th quarter 2019		36
1st quarter 2020		31
Unamortized fair-value - subject to vesting schedule		516
Unamortized fair-value - event dependent		3,022
Total unamortized dollar value	$	3,538

Summary of Company's Restricted Share Award Activity

A summary of WMIH’s restricted share award activity for the years ended December 2017, December 31, 2016 and 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
Outstanding—December 31, 2015		6,168,035		2.1230		13,095
Restricted stock awards granted during 2016		212,765		2.3500		500
Outstanding—December 31, 2016		6,380,800		2.1306		13,595
Restricted stock awards granted during 2017		333,332		1.2000		400
Outstanding—December 31, 2017		6,714,132	$	2.0844	$	13,995

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 4th quarter 2019 as the vesting date in the following table as this date corresponds with the Series B Redemption Date. The shares subject to repurchase at December 31, 2017 will vest according to the following schedule:

Vesting schedule of shares subject to repurchase	December 31, 2017 unvested shares
1st quarter 2018		219,128
2nd quarter 2018		—
3rd quarter 2018		—
4th quarter 2018		—
1st quarter 2019		167,848
2nd quarter 2019		—
3rd quarter 2019		—
4th quarter 2019		3,555,556
1st quarter 2020		111,108
Total unvested shares		4,053,640

Summary of WMIH'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, 2017, December 31, 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
Shares vested during 2015		(971,158	)
Shares subject to repurchase—January 1, 2016		4,197,396
Shares issued subject to vesting during 2016		212,765
Shares vested during 2016		(370,570	)
Shares subject to repurchase—December 31, 2016		4,039,591
Shares issued subject to vesting during 2017		333,332
Shares vested during 2017		(319,283	)
Shares subject to repurchase—December 31, 2017		4,053,640