STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Stock Option Activity

A summary of stock option activity for the period ended March 31, 2016 is as follows:

	Number of Shares		Option Exercise Price	Weighted Average Exercise Price
Options Outstanding January 1, 2016	2,332,889
Granted	—		—	—
Exercised	(16,000	)	$5.00 - $5.50	$	5.39
Cancelled	(215,711	)	$5.00 - $17.11	$	12.87
Options Outstanding March 31, 2016	2,101,178

Outstanding Stock Options

As of March 31, 2016, outstanding stock options were as follows:

Exercise Price	Options Outstanding	Intrinsic Value		Options Vested	Intrinsic Value		Weighted Average Remaining Life (Years)
$5.00 – $5.50	316,450	$	394,078	316,450	$	394,078	3.37
$6.90 – $7.66	235,698	—		235,698	—		5.83
$7.96 – $8.14	68,500	—		68,500	—		5.62
$9.17 – $10.98	171,513	—		171,513	—		5.00
$11.18 - $11.99	215,625	—		215,175	—		6.06
$12.28 - $12.97	341,048	—		338,175	—		6.50
$13.00 - $13.48	149,650	—		129,459	—		6.91
$14.03 - $14.88	206,674	—		204,727	—		5.02
$16.08 - $17.11	396,020	—		297,019	—		7.85
	2,101,178	$	394,078	1,976,716	$	394,078

Stock Incentive Plan

2013 Stock Incentive Plan
Total equity available to issue	2,700,000
Total equity outstanding or exercised	1,515,748
Total equity remaining for future grants	1,184,252

Outstanding Unvested Restricted Stock Awards

As of March 31, 2016, outstanding unvested restricted stock awards were as follows:

	Unvested Shares
Outstanding January 1, 2016	959,733
Granted	8,250
Vested	(188,525	)
Cancelled	(105,450	)
Outstanding March 31, 2016	674,008

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

Mr. Weber's long-term incentive grant consists of four vesting tranches, which will vest at any time prior to the fifth anniversary of October 1, 2015, that the closing market price of the Company’s common stock over any 30 consecutive trading days is at or greater than the target price, set forth in the table below.

Target Price Per Share	Long-Term Incentive Shares
$13.00	50,000
$16.00	50,000
$20.00	100,000
$25.00	100,000
$30.00	100,000

Ms. Cook's long-term incentive grant consists of four vesting tranches, which will vest at any time prior to the fifth anniversary of January 18, 2016, that the closing market price of the Company’s common stock over any 30 consecutive trading days is at or greater than the target price, set forth in the table below.

Target Price Per Share	Long-Term Incentive Shares
$13.00	12,500
$16.00	12,500
$20.00	25,000
$25.00	25,000
$30.00	25,000