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STOCK BASED COMPENSATION PLANS (Tables)
 9 Months Ended
Sep. 30, 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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
 
Number
of Shares
 
Weighted
Average
Fair Value
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
 
Number
of Shares
 
Weighted
Average
Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grants - Class A Common Stock (restricted)
—

 
$
—

 
—

 
$
—

 
859,061

 
$
11,995

 
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
 

 
(1,715
)
 
 

 
(4,577
)
 
 

 
(10,481
)
 
 

 
(12,694
)
Total amortization to compensation expense
 

 
$
(1,715
)
 
 

 
$
(4,577
)
 
 

 
$
(10,481
)
 
 

 
$
(12,694
)
Schedule of Nonvested Shares Activity The table below presents the number of unvested shares and outstanding stock options at September 30, 2016 and changes during 2016 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, 2015
1,334,369

 
601,186

 
504

Granted
960,532

 
380,949

 
—

Exercised
 
 
—

 
 
Vested
(274,842
)
 
 
 
(504
)
Forfeited
(48,467
)
 
—

 
—

Expired
 
 
—

 
 
Nonvested/Outstanding at September 30, 2016
1,971,592

 
982,135

 
—

 
 
 
 
 
 
Exercisable at September 30, 2016
 
 
230,936

 
 
 
(1)         Converted to LP Units of LCFH on February 11, 2014 in connection with IPO. LCFH LP Unitholders also received an equal number of shares of Class B Common stock of the Company at IPO. The LP Units converted to an equal number of Series REIT LP Units and Series TRS LP Units on December 31, 2014 in connection with the Company’s conversion to a REIT.  The table below presents the number of unvested shares and outstanding stock options at September 30, 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
874,621

 
—

Exercised
 
 
—

Vested
(1,425,490
)
 
 
Forfeited
(10,000
)
 
—

Expired
 
 
—

Nonvested/Outstanding at September 30, 2017
914,996

 
982,135

 
 
 
 
Exercisable at September 30, 2017
 
 
752,017