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Stock Based Compensation
 3 Months Ended
Mar. 28, 2020
Share-based Payment Arrangement [Abstract]  
Stock Based Compensation
Stock Based Compensation
Stock option activity for 2020 is summarized in the following table:
 
Shares 
subject to
option
 
Weighted
average 
exercise price
per share
 
Aggregate intrinsic value (in millions)
Outstanding at December 28, 2019
3,340,739

 
$
56.28

 
 
Granted
1,000,000

 
2.61

 
 
Expired / Forfeited
(62,824
)
 
50.01

 
 
Outstanding at March 28, 2020
4,277,915

 
$
43.83

 
$
—

Exercisable at March 28, 2020
2,875,945

 
$
57.82

 
$
—


The Company also has time-vested, performance-vested and market-vested share awards. The activity for such awards in 2020 is summarized in the following table:
 
Shares
outstanding
 
Weighted average
grant date fair value
December 28, 2019
528,289

 
$
28.82

Time-vested shares granted
1,461,510

 
5.90

Market-vested shares granted
900,053

 
1.82

Performance shares granted
265,046

 
5.90

Vested
(3,801
)
 
52.62

Forfeited
(59,210
)
 
46.70

March 28, 2020
3,091,887

 
$
7.79


Compensation expense related to the Company's stock-based compensation for the first quarter ended March 28, 2020 and March 30, 2019 were as follows:
 
First Quarter
(In millions)
2020
 
2019
Stock options
$
0.3

 
$
0.6

Time, performance and market vested share awards
1.9

 
1.3


As of March 28, 2020, total unrecognized stock-based compensation expense related to all stock-based awards was $19.6 million, which is expected to be recognized over a weighted average period of 2.3 years.