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STOCK BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of the grants
A summary of the grants is presented below ($ in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
 
Number
of Shares
 
Weighted
Average
Fair Value
 
Number
of Units
 
Weighted
Average
Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
Grants - Class A Common Stock (restricted)
726,327

 
$
13,353

 
1,687,513

 
$
28,637

 
—

 
$
—

Stock Options
670,256

 
1,441

 
—

 
—

 
—

 
—

Grants - Series B Participating Preferred Units
—

 
—

 
—

 
—

 
7,613

 
1,157

 
 

 
 

 
 

 
 

 
 

 
 

Amortization to compensation expense
 
 
 
 
 
 
 
 
 
 
 
Predecessor compensation expense
 

 
$
—

 
 

 
$
(290
)
 
 

 
$
(2,881
)
LP Units compensation expense
 

 
(124
)
 
 

 
(2,052
)
 
 

 
—

Ladder compensation expense
 

 
(13,664
)
 
 

 
(12,109
)
 
 

 
—

Total amortization to compensation expense
 

 
$
(13,788
)
 
 

 
$
(14,451
)
 
 

 
$
(2,881
)
Schedule of Nonvested Shares Activity
The table below presents the number of unvested shares and outstanding stock options at December 31, 2015 and changes during 2015 of the (i) Class A Common stock and Stock Options of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan and (ii) Series B Participating Preferred Units of LCFH granted under the 2008 Plan, which were subsequently converted to LP Units of LCFH in connection with the IPO.

 
Restricted Stock
 
Stock Options
 
LP Units(1)
 
 
 
 
 
 
Nonvested/Outstanding at December 31, 2014
1,384,439

 
—

 
8,063

Granted
726,327

 
670,256

 
—

Exercised
 
 
—

 
 
Vested
(588,343
)
 
 
 
(7,559
)
Forfeited
(188,054
)
 
(69,070
)
 
—

Expired
 
 
—

 
 
Nonvested/Outstanding at December 31, 2015
1,334,369

 
601,186

 
504

 
 
 
 
 
 
Exercisable at December 31, 2015
 
 
—

 
 
 
(1)
Converted to LP Units of LCFH on February 11, 2014 in connection with IPO and then converted to an equal number of Series REIT LP Units and Series TRS LP Units on December 31, 2014.  LCFH LP Unitholders also received an equal number of shares of Class B Common stock of the Company in connection with the conversion.  Refer to Note 1, Organization and Operations for further discussion of IPO and the Reorganization Transactions.