Share-Based Compensation (Tables)

The following table summarizes share option activity:

	Number of Share Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Months)
Outstanding — March 31, 2017		1,948,917		$	8.04		90
Granted		309,525			7.55		120
Exercised		(33,520	)		3.21		—
Forfeited		(17,200	)		11.14		—
Outstanding — September 30, 2017		2,207,722		$	8.02		89
Exercisable —September 30, 2017		1,420,382		$	7.40		78

The following table summarizes the options granted in the current financial year with their exercise prices, the fair value of ordinary shares as of the applicable grant date, and the intrinsic value:

Grant Date

Number of

Options Granted

Exercise Price

Ordinary

Fair Value Per

Share at Grant

Date

Per Share

Intrinsic

Value of

Options

May 24, 2017

305,525

7.58

4.62

August 9, 2017

4,000

5.41

3.34

A summary of the assumptions applicable to the share options issued in the current financial year is as follows:

	May 24, 2017			August 9, 2017
Risk-free interest rate		2.28	%		2.25	%
Expected lives (years)		6			6
Volatility		66.10	%		67.17	%
Dividend yield		—			—
Grant date fair value (per share)	$	7.58		$	5.41
Number granted		305,525			4,000

A summary of the RSUs and MRSUs in issue at September 30, 2017 is as follows:

	Number of RSUs or MRSUs Outstanding		Weighted Average Remaining Vesting Period (Months)	Period in which the target must be achieved
RSUs subject to time based vesting		294,063	15	N/A
RSUs subject to MosaiQ milestone vesting		290,000	N/A	N/A
MRSUs with vesting based on $60 share price		114,500	N/A	Apr - Dec 2018
MRSUs with vesting based on $40 share price		127,000	N/A	Apr - Dec 2018
MRSUs with vesting based on $22 share price		166,000	N/A	Apr - Dec 2019