STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2017

Activity of Stock Options

The activity of stock options granted under the 1997 stock option plan for the nine-month period ended September 30, 2017 is set forth below:
				Weighted-Average
				Remaining		Aggregate
	Number of		Weighted-Average	Contractual Term		Intrinsic Value
	Options	Exercise Price		(Years)	(In thousands)
Beginning of period outstanding and
exercisable	34,989	$	138.00
Options expired	(34,989)		138.00
End of period outstanding and exercisable	-	$	-	-	$	-

Restricted Stock Activity Under Omnibus Plan

	The following table summarizes the restricted stock activity in the first nine months of 2017 under the Omnibus Plan:
		Nine-Month Period Ended
		September 30, 2017
		Number of shares		Weighted-Average
		of restricted		Grant Date
		stock		Fair Value
Non-vested shares at beginning of year		4,178,791	$	2.58
Granted		1,091,692		3.30
Forfeited (1)		(2,404,223)		2.33
Vested (2)		(1,050,356)		3.57
Non-vested shares at September 30, 2017		1,815,904	$	2.76
(1)	Includes 2,370,571 of outstanding shares of restricted stock, subject to TARP requirements, that were forfeited as a result of the U.S. Treasury's sale of its remaining shares of the Corporation's common stock.
(2)	Includes 743,021 shares of restricted stock released from TARP restrictions.