XML 55 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share Based Payments (Tables)
9 Months Ended
Sep. 30, 2013
Share Based Payments [Abstract]  
Summary Of Unvested Share Awards Issued To Executives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares Vested

 

Unearned Compensation

Original Issuance Date

 

Shares Issued

 

 

Share Price on date of grant

 

Vesting Period

 

Vesting Schedule

 

September 30, 2013

 

December 31, 2012

 

 

September 30, 2013

 

 

December 31, 2012

March 20, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2012 Annual LTIP)

 

779,045 

 

$

5.95 

 

3 years

 

25%/year (1)

 

194,759 

 

 -

 

$

1,388 

 

$

 -

March 26, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2011 Annual LTIP)

 

748,927 

 

$

5.45 

 

3 years

 

25%/year (1)

 

374,462 

 

374,462 

 

 

423 

 

 

892 

March 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2010 Annual LTIP)

 

440,669 

 

$

5.98 

 

3 years

 

25%/year (1)

 

330,500 

 

330,500 

 

 

45 

 

 

180 

 

 

 

 

 

 

 

 

 

 

 

899,721 

 

704,962 

 

$

1,856 

 

$

1,072 

(1)25% of the issued shares vested immediately upon issuance.  In general, the remaining shares vest 25% on the first through third anniversaries of the date of issuance (subject to continuous employment through the applicable vesting date).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares Vested

 

 

Unearned Compensation

Original Issuance Date

 

Shares Issued

 

 

Share Price on date of grant

 

Vesting Period

 

Vesting Schedule

 

September 30, 2013

 

December 31, 2012

 

 

September 30, 2013

 

 

December 31, 2012

June 1, 2009

 

744,128 

 

$

2.80 

 

4 years

 

25%/year

 

744,128 

 

558,305 

 

$

 -

 

$

217 

June 1, 2010

 

182,308 

 

 

4.63 

 

2-3 years

 

25-50%/year

 

182,308 

 

139,522 

 

 

 -

 

 

82 

June 30, 2011

 

17,692 

 

 

5.57 

 

2-4 years

 

25-50%/year

 

9,919 

 

4,958 

 

 

33 

 

 

51 

April 18, 2012

 

1,035,595 

 

 

5.47 

 

5 years

 

33% Year 3, 4, 5 (1)

 

 -

 

 -

 

 

4,020 

 

 

4,842 

June 29, 2012

 

52,703 

 

 

5.28 

 

2-4 years

 

25-50%/year

 

22,480 

 

 -

 

 

139 

 

 

228 

June 28, 2013

 

48,600 

 

 

5.64 

 

2-4 years

 

25-50%/year

 

 -

 

 -

 

 

231 

 

 

 -

September 20, 2013

 

4,605 

 

 

5.52 

 

2-4 years

 

25-50%/year

 

 -

 

 -

 

 

26 

 

 

 -

Total

 

2,085,631 

 

 

 

 

 

 

 

 

958,835 

 

702,785 

 

$

4,449 

 

$

5,420 

 

(1)On April 18, 2012, the Company entered into amended and restated employment agreements with the Company’s executive officers.  To induce the executives to agree to the substantial reduction in benefits upon certain terminations following a change of control as described in the agreements, the Company awarded an aggregate of 1,035,595 restricted common shares to the executives pursuant to the 2012 Plan.  None of these restricted common shares will vest prior to the third anniversary of the date of issuance.  Thereafter, 33.3% of each award of restricted common shares will vest on each of the third, fourth and fifth anniversaries of the date of issuance.  Vesting will accelerate upon a change of control or if the relevant executive’s employment with the Company were to terminate for any reason other than for cause (as defined in the agreements).

Summary Of Unvested Share Awards Issued To Trustees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unearned Compensation

Original Issuance Date

 

Shares Issued

 

 

Share Price on date of grant

 

Vesting Period

 

Vesting Schedule

 

 

September 30, 2013

 

 

December 31, 2012

December 28, 2012

 

32,417 

 

$

4.93 

 

1 year

 

100%

 

$

40 

 

$

160 

 

Summary Of Unvested Share Awards Issued To Nonemployees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares Vested

 

 

Unearned Compensation

 

 

Shares

 

 

Share Price on

 

Vesting

 

Vesting

 

September 30,

 

December 31,

 

 

September 30,

 

 

December 31,

Original Issuance Date

 

Issued

 

 

date of grant

 

Period

 

Schedule

 

2013

 

2012

 

 

2013

 

 

2012

February 1, 2013

 

30,000 

 

$

5.41 

 

2 years

 

50%/year

 

14,999 

 

 -

 

$

81 

 

$

 -

March 26, 2012

 

28,500 

 

$

5.45 

 

2 years

 

50%/year

 

28,500 

 

15,000 

 

 

 -

 

 

74 

Total

 

58,500 

 

 

 

 

 

 

 

 

43,499 

 

15,000 

 

$

81 

 

$

74