Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.7.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Summary of Stock-based Compensation Expense

The following table presents stock-based compensation expense included in the Company’s condensed statements of operations (in thousands) for restricted stock unit awards under the Omnibus Plan:

 

     Three Months Ended June 30      Six Months Ended June 30  
     2017      2016      2017      2016  

Stock-based compensation expense for:

           

Employee stock options

   $ —        $ —        $ —        $ —    

Employee restricted stock units

     435        —          435        —    

Nonemployee stock options

     —          —          —          —    

Nonemployee restricted stock units

     8        —          8        —    
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 443      $ —        $ 443      $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Three Months Ended June 30      Six Months Ended June 30  
     2017      2016      2017      2016  

Stock-based compensation expense in operating expenses:

           

Selling, general and administrative

   $ 422      $ —        $ 422      $ —    

Research and development

     21        —          21        —    
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 443      $ —        $ 443      $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Stock Option Activity

The following table summarizes stock option activity for the six months ended June 30, 2017:

 

     Number of Shares      Weighted-
Average
Exercise Price
Per Share
     Aggregate
Intrinsic
Value (in
thousands)
     Weighted-
Average
Remaining
Contractual
Life

(in years)
 

Outstanding at December 31, 2016

     1,930,600      $ 4.45           9.1  

Granted

     2,119,699      $ 13.29        

Canceled

     (20,825    $ 5.85        
  

 

 

          

Outstanding at June 30, 2017

     4,029,474      $ 9.09      $ 8,018        9.3  
  

 

 

          

Exercisable at June 30, 2017

     0           
  

 

 

          
Summary of Assumptions used in Black-Scholes Model

The following table provides the assumptions used in the Black-Scholes model for the stock option awards:

 

Expected dividend yield

   0%

Risk-free interest rate

   1.25% - 2.31%

Expected volatility

   27.4% - 42.3%

Expected life (in years)

   1.22 – 10.00
Summary of Activity of Restricted Stock Units

The following table summarizes the activity of restricted stock units:

 

     Number of
Restricted Stock
Units Outstanding
     Weighted-Average
Grant Date Fair
Value
 

Unvested balance at December 31, 2016

     —        $ —    

Granted

     1,452,333      $ 8.00  

Vested

     (39,200   
  

 

 

    

Unvested balance at June 30, 2017

     1,413,133      $ 8.00  
  

 

 

    
Cellectis (Parent) [Member]  
Summary of Stock-based Compensation Expense

The following table summarizes the stock-based compensation expense, which was recognized in the statements of operations for Parent awards (in thousands):

 

     Three Months Ended June 30      Six Months Ended June 30  
     2017      2016      2017      2016  

Stock-based compensation expense in operating expenses:

           

Selling, general and administrative

   $ 10      $ 6      $ 13      $ 12  

Research and development

     105        271        236        583  
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 115      $ 277      $ 249      $ 595  
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Assumptions used in Black-Scholes Model

The following table provides the range of assumptions used in the Black-Scholes model for the Parent awards:

 

Expected dividend yield

   0%

Risk-free interest rate

   2.16% - 2.31%

Expected volatility

   37.5% - 42.3%

Expected life (in years)

   7.43 – 10.00