Stock Option Plans

6 Months Ended

Jun. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The Company records the fair value of stock options issued to employees and non-employees as of the grant date as stock-based compensation expense. Stock-based compensation expense for employees and non-employees is recognized over the requisite service period, which is typically the vesting period. Stock-based compensation costs included in the consolidated statements of operations are presented below:



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Cost of products	$	21	$	—	$	55	$	—
Cost of services	105		—		203		—
Research and development	2,138		1,364		3,907		1,712
Selling, general and administrative	5,616		5,484		13,974		8,910
Total	$	7,880	$	6,848	$	18,139	$	10,622

Intrexon Stock Option Plans

In April 2008, Intrexon adopted the 2008 Equity Incentive Plan (the "2008 Plan") for employees and nonemployees pursuant to which Intrexon's board of directors may grant share based awards, including stock options, to officers, key employees and nonemployees. Upon the effectiveness of the 2013 Omnibus Incentive Plan (the "2013 Plan"), no new awards may be granted under the 2008 Plan. As of June 30, 2015, there are 1,477,951 stock options outstanding under the 2008 Plan.

In July 2013, the Company adopted the 2013 Plan for employees and nonemployees pursuant to which Intrexon's board of directors may grant share based awards, including stock options and shares of common stock, to employees, officers, consultants, advisors and nonemployee directors. The 2013 Plan became effective upon the closing of the Company's initial public offering in August 2013, and as of June 30, 2015, there were 13,000,000 shares authorized for issuance under the 2013 Plan, of which 8,025,778 stock options were outstanding and 4,534,088 shares were available.

Stock option activity under Intrexon's award plans was as follows:



	Number of Shares		Weighted Average Exercise Price			Weighted Average Remaining Contractual Term (Years)
Balances at December 31, 2014	8,323,544		$	22.59		8.64
Granted	1,849,000		43.15
Adjustment due to dividend (Note 13)	312,795		25.40
Exercised	(638,790	)	(16.25		)
Forfeited	(342,678	)	(27.77		)
Expired	(142	)	(7.12		)
Balances at June 30, 2015	9,503,729		26.08			8.38
Exercisable at June 30, 2015	2,322,052		18.06			7.03
Vested and Expected to Vest at June 30, 2015(1)	7,930,652		25.25			8.28


(1)	The number of stock options expected to vest takes into account an estimate of expected forfeitures.

Total unrecognized compensation costs related to nonvested awards at June 30, 2015 and December 31, 2014 were $79,699 and $62,281, respectively, and are expected to be recognized over a weighted-average period of approximately three years.

Intrexon currently uses authorized and unissued shares to satisfy share award exercises.

Other Plans

As of June 30, 2015, there were 5,382,000 options outstanding under the AquaBounty 2006 Equity Incentive Plan ("AquaBounty Plan") at a weighted average exercise price of $0.26 per share of which 4,320,333 were exercisable. As of December 31, 2014 , there were 7,347,000 options outstanding under the AquaBounty Plan at a weighted average exercise price of $0.31 per share of which 6,171,520 were exercisable.