12 .	STOCK INCENTIVE PLANS

Under the Company’s stock incentive plan, stock options, restricted stock, stock-settled stock appreciation rights, performance share units and other awards

may

be granted to officers, employees, consultants, and non-employee directors.

2011

Incentive Award Plan

June 10, 2011,

Alaska Communications shareholders approved the

2011

Incentive Award Plan, which was amended and restated on

June 30, 2014

and

June 25, 2018,

and which terminates in

2021.

Following termination, all shares granted under this plan, prior to termination, will continue to vest under the terms of the grant when awarded. All remaining unencumbered shares of common stock previously allocated to the Prior Plans were transferred to the

2011

Incentive Award Plan. In addition, to the extent that any outstanding awards under the Prior Plans are forfeited or expire or such awards are settled in cash, such shares will again be available for future grants under the

2011

Incentive Award Plan. The Company grants Restricted Stock Units (“RSUs”) and Performance Stock Units (“PSUs”) as the primary equity based incentive for executive and certain non union-represented employees. The disclosures below are primarily associated with RSU and PSU grants awarded in

2017,

2018

and

2019.

Restricted Stock Units

The Company measures the fair value of RSUs based on the number of shares granted and the quoted closing market price of the Company’s common stock on the date of grant.

The following table summarizes the RSU, LTIP and non-employee director stock compensation activity for the

three

-month period ended

March 31, 2020.

				Weighted
				Average
				Grant Date
	Number			Fair
	of Units			Value
Nonvested at December 31, 2019		792		$	1.74
Granted		-			-
Vested		(406	)		1.79
Canceled or expired		-			-
Nonvested at March 31, 2020		386		$	1.69

Performance Stock Units

PSUs granted in

2017

vest at the end of the

2.5

-year performance period, subject to achievement of certain performance conditions, achievement of a market condition and approval of the Compensation and Personnel Committee of the Board of Directors. As of

December 31, 2019,

certain Company performance targets were deemed probable of achievement and the relevant stock compensation was expensed in

2019.The

PSUs granted in

2018

will vest in

three

equal installments, or tranches, if certain stock price thresholds and service thresholds are achieved. PSUs granted in the

third

quarter of

2019

will vest proportionally over the

three

-year period ending in

March 2022

subject to the achievement of certain Company performance targets.

The following table summarizes the PSU activity for the

three

-month period ended

March 31, 2020.

				Weighted
				Average
				Grant Date
	Number			Fair
	of Units			Value
Nonvested at December 31, 2019		1,629		$	1.07
Granted		28			1.76
Vested		(296	)		1.76
Canceled or expired		(268	)		1.43
Nonvested at March 31, 2020		1,093		$	0.81

The following table provides selected information about the Company’s share-based compensation as of and for the

three

-month periods ended

March 31, 2020

and

2019:

	Three Months Ended
	March 31,
	2020		2019
Total compensation cost for share-based payments	$	309	$	498
Weighted average grant-date fair value of equity instruments granted (per share)	$	-	$	-
Total fair value of shares vested during the period	$	1,248	$	991

At March 31:
Unamortized share-based payments	$	799	$	947
Weighted average period (in years) to be recognized as expense		1.8		1.0