STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2015

STOCK-BASED COMPENSATION

All stock options and restricted stock are granted under the ANI Pharmaceuticals, Inc. Fourth Amended and Restated 2008 Stock Incentive Plan (the “2008 Plan”). As of March 31, 2015, 0.7 million shares of our common stock remained available for issuance under the 2008 Plan.

Total expense related to stock options for the three months ended March 31, 2015 and 2014 was $0.5 million and $4 thousand, respectively. Total expense related to restricted stock grants for the three months ended March 31, 2015 and 2014 was $0.1 million and $42 thousand, respectively.

Options to purchase one thousand shares of common stock were exercised, 28 thousand options were forfeited, and no options expired during the three months ended March 31, 2015. Options to purchase 30 thousand shares of common stock were exercised and no options were forfeited or expired during the three month period ended March 31, 2014. No restricted stock vested during the three months ended March 31, 2015 or 2014. During the three months ended March 31, 2015, three thousand shares of restricted stock were forfeited. No restricted stock was forfeited during the three months ended March 31, 2014.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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