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STOCK BASED AND OTHER COMPENSATION PLANS (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Stock based compensation plans summary
The following table summarizes the impact on the consolidated statement of operations of the various stock based compensation plans described in this note ($ in thousands):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Stock Based Compensation Expense:
 
 
 
 
 
 
 
Annual Incentive Awards Granted in 2015 with Respect to 2014 Performance
$
—

 
$
—

 
$
—

 
$
172

Annual Incentive Awards Granted in 2016 with Respect to 2015 Performance
—

 
323

 
131

 
971

Annual Incentive Awards Granted in 2017 with Respect to 2016 Performance(1)
280

 
524

 
955

 
1,655

Other 2017 Restricted Stock Awards(1)
25

 
76

 
102

 
257

Annual Incentive Awards Granted in 2017 with Respect to 2017 Performance(1)
596

 
1,122

 
1,961

 
3,325

2018 Restricted Stock Awards
—

 
95

 
32

 
230

Other 2018 Restricted Stock Awards(1)
11

 
9

 
31

 
12

Annual Incentive Awards Granted in 2019 with Respect to 2018 Performance(1)
2,509

 
—

 
14,804

 
—

2019 Restricted Stock Awards
148

 
—

 
297

 
—

Other Employee/Director Awards
6

 
13

 
23

 
45

Total Stock Based Compensation Expense
$
3,575

 
$
2,162

 
$
18,336

 
$
6,667

 
 
 
 
 
 
 
 
Phantom Equity Investment Plan
$
343

 
$
—

 
$
1,047

 
$
—

Ladder Capital Corp Deferred Compensation Plan
$
—

 
$
601

 
$
—

 
$
1,519

Bonus Expense
$
6,533

 
$
9,210

 
$
21,035

 
$
26,772

 
(1)
Includes immediate vesting of retirement eligible employees, including Brian Harris, our Chief Executive Officer.
Summary of the grants
A summary of the grants is presented below:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
Per Share
 
Number
of Shares
 
Weighted
Average
Fair Value
Per Share
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
Per Share
 
Number
of Shares/Options
 
Weighted
Average
Fair Value
Per Share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grants - Class A Common Stock (restricted)
23,443

 
$
16.58

 
4,720

 
$
15.89

 
1,569,694

 
$
17.54

 
33,656

 
$
14.86

Grants - Class A Common Stock (restricted) dividends
—

 
—

 
—

 
—

 
11,113

 
16.61

 
—

 
—

Stock Options
—

 
—

 
—

 
—

 
12,073

 
—

 
—

 
—
Schedule of nonvested shares activity
The table below presents the number of unvested shares and outstanding stock options at September 30, 2018 and changes during 2018 of the 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, 2017
1,252,365

 
982,135

Granted
33,656

 
—

Exercised
 
 
—

Vested
(138,216
)
 
 
Forfeited
(26,061
)
 
—

Expired
 
 
—

Nonvested/Outstanding at September 30, 2018
1,121,744

 
982,135

 
 
 
 
Exercisable at September 30, 2018
 
 
929,701


The table below presents the number of unvested shares and outstanding stock options at September 30, 2019 and changes during 2019 of the 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, 2018
1,118,194

 
982,135

Granted
1,580,807

 
12,073

Exercised
 
 
—

Vested
(1,122,107
)
 
 
Forfeited
(8,702
)
 
—

Expired
 
 
—

Nonvested/Outstanding at September 30, 2019
1,568,192

 
994,208

 
 
 
 
Exercisable at September 30, 2019
 
 
994,208