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Stockholders' Equity of Identive Group, Inc. (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Outstanding Warrants Issued By Company

Below is the summary of outstanding warrants issued by the Company as of March 31, 2014:

Warrants Type	Warrants Outstanding		Weighted Average Exercise Price		Issue Date	Expiration Date
Opus loan		1,000,000	$	0.99	March 31, 2014		March 31, 2019
2013 private placement		9,348,471		1.00	August 14, 2013		August 14, 2017
Hercules loan		992,084		0.71	August 7, 2013		August 7, 2018
2010 private placement		3,691,685		2.65	November 14, 2010		November 14, 2015
Hirsch acquisition		4,735,427		3.00	April 30, 2009		April 30, 2014
Hirsch acquisition variable		165,380		2.79	April 30, 2009		April 30, 2014
Total		19,933,047

Summary of Activity under Stock-Based Compensation Plans

A summary of the activity under the Company’s stock-based compensation plans for the three months ended March 31, 2014 is as follows:

				Stock Options									Stock Awards
	Shares Available for Grant			Number Outstanding			Average Exercise Price per share		Average Intrinsic Value		Remaining Contractual Life (in years)		Number Granted		Fair Value
Balance at January 1, 2013		7,769,039			4,048,972		$	1.94	$	825,309		7.43
Authorized		—
Granted		(2,276,747	)		2,115,725		$	0.76						161,022	$	135,600
Cancelled or Expired		(1,638,098	)		(698,970	)	$	1.87
Exercised					(188	)	$	0.72
Balance at December 31, 2013		3,854,194			5,465,539		$	1.49	$	49,016		6.93
Authorized		—
Granted		(2,767,952	)		2,680,000		$	0.88						87,952	$	84,035
Cancelled or Expired		247,902			(299,997)		$	1.64
Exercised					(2,625)		$	0.72
Balance at March 31, 2014		1,334,144			7,842,917		$	1.28	$	1,624,221		7.49
Vested or expected to vest at March 31, 2014					6,717,775		$	1.35	$	1,265,851		7.14
Exercisable at March 31, 2014					3,110,282		$	1.94	$	131,638		4.59

Summary Information about Options Outstanding

The following table summarizes information about options outstanding as of March 31, 2014:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$ 0.52 - $ 0.80		1,877,646		9.11	$	0.65		198,584	$	0.71
$0.81 - $ 0.84		90,000		9.19		0.84		66,667		0.84
$ 0.85 - $ 0.88		2,665,000		9.95		0.88		833		0.88
$ 0.89 - $ 1.44		1,622,836		5.93		1.22		1,308,172		1.19
$ 1.45 - $ 6.95		1,587,435		2.94		2.76		1,536,026		2.78
$ 0.52 - $ 6.95		7,842,917		7.49	$	1.28		3,110,282	$	1.94

Summary of Restricted Stock Unit Activity

A summary of restricted stock unit (“RSUs”) activity for the three months ended March 31, 2014 is as follows:

Unvested Restricted Stock Units	Shares	Weighted Average Grant Date Fair Value
Unvested, beginning of period	—	$	—
Granted	430,000		0.88
Vested	—		—
Forfeited	—		—

Unvested, end of period	430,000	$	0.88

Summary of Common Stock Reserved For Future Issuance

Below is the summary of common stock reserved for future issuance as of March 31, 2014:

Exercise of outstanding stock options		7,842,917
Employee stock purchase plan		2,938,007
Shares of common stock available for grant under 2011 Plan		904,144
Noncontrolling interest and assumed options in Bluehill ID		3,297,112
Warrants to purchase common stock		19,933,047
Contingent consideration		4,424,779
Purchase agreement with LPC		4,308,244

Total		43,648,250

Employee Stock Purchase Plan

Stock-Based Compensation Expense

The following table illustrates the stock-based compensation expense resulting from the ESPP included in the condensed consolidated statements of operations for the quarter ended March 31, 2013 (in thousands):

Stock Option

Stock-Based Compensation Expense

The following table illustrates the stock-based compensation expense included in the condensed consolidated statements of operations for the three months ended March 31, 2014 and 2013 (in thousands):

	Three Months Ended March 31,
	2014		2013
Cost of revenue	$	5	$	4
Research and development		18		22
Selling and marketing		51		151
General and administrative		126		234
Total	$	200	$	411

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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