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STOCK BASED COMPENSATION PLANS (Tables)
 3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of the grants A summary of the grants is presented below ($ in thousands):
 
Three Months Ended March 31,
 
2017
 
2016
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
 
Number
of Shares
 
Weighted
Average
Fair Value
 
 
 
 
 
 
 
 
Grants - Class A Common Stock (restricted)
832,408

 
$
11,616

 
793,598

 
$
9,118

Grants - Class A Common Stock (restricted) dividends
15,560

 
216

 
166,934

 
1,908

Stock Options
—

 
—

 
380,949

 
1,356

 
 

 
 

 
 

 
 

Amortization to compensation expense
 
 
 
 
 
 
 
Ladder compensation expense
 

 
(7,254
)
 
 

 
(3,464
)
Total amortization to compensation expense
 

 
$
(7,254
)
 
 

 
$
(3,464
)
Schedule of Nonvested Shares Activity The table below presents the number of unvested shares and outstanding stock options at March 31, 2017 and changes during 2017 of the (i) Class A Common stock and Stock Options of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan

 
Restricted Stock
 
Stock Options
 
 
 
 
Nonvested/Outstanding at December 31, 2016
1,475,865

 
982,135

Granted
847,968

 
—

Exercised
 
 
—

Vested
(1,423,934
)
 
 
Forfeited
—

 
—

Expired
 
 
—

Nonvested/Outstanding at March 31, 2017
899,899

 
982,135

 
 
 
 
Exercisable at March 31, 2017
 
 
752,017