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Stock Option Plan (Tables)
12 Months Ended
Dec. 31, 2015
Summary of changes in number of outstanding restricted shares of common stock

 

 

 

 

 

 

 

 

    

 

    

  Weighted-

  

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Shares 

 

Fair Value

 

Outstanding as of December 31, 2014

 

 

$

 

Granted

 

191,664

 

 

9.48

 

Vested

 

 

 

 

Forfeited

 

 

 

 

Outstanding as of December 31, 2015

 

191,664

 

$

9.48

 

 

Omnibus Plan  
Summary of outstanding and exercisable stock options

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

Weighted-

  

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

Average

 

Remaining

 

 

 

 

 

Exercise

 

Contractual Term

 

 

 

Options

 

Price

 

(in Years)

 

Outstanding as of December 31, 2014

 

 —

 

$

 —

 

 —

 

Granted

 

795,450

 

 

10.00

 

10.00

 

Forfeited

 

 —

 

 

 —

 

 —

 

Outstanding as of December 31, 2015

 

795,450

 

$

10.00

 

9.80

 

 

Schedule of vesting for unvested options

 

 

 

 

2016

    

 —

 

2017

 

265,150

 

2018

 

265,150

 

2019

 

265,150

 

Total unvested options as of December 31, 2015

 

795,450

 

 

Schedule of valuation assumptions

 

 

 

 

 

 

Year

 

 

 

ended

 

 

 

December

 

 

 

31, 2015

 

Expected term in years

 

6.5

 

Volatility

 

36.7

%

Risk-free interest rate

 

1.8

%

Dividend yield

 

1.3

%

 

Option Plan  
Summary of outstanding and exercisable stock options

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

Weighted-

  

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

Average

 

Remaining

 

 

 

 

 

Exercise

 

Contractual Term

 

 

 

Options

 

Price

 

(in Years)

 

Outstanding as of January 1, 2013

 

528,000

 

$

0.0004

 

7.48

 

Granted

 

165,000

 

 

0.0005

 

 

 

Forfeited

 

(44,000)

 

 

0.0005

 

 

 

Outstanding as of December 31, 2013

 

649,000

 

$

0.0004

 

7.35

 

Forfeited

 

(22,000)

 

 

0.0001

 

 

 

Outstanding as of December 31, 2014

 

627,000

 

$

0.0004

 

6.44

 

Exercised

 

(66,000)

 

 

0.0005

 

 

 

Forfeited

 

(99,000)

 

 

0.0003

 

 

 

Outstanding as of December 31, 2015

 

462,000

 

$

0.0003

 

5.57

 

 

 

 

 

 

 

 

 

 

Exercisable as of December 31, 2015

 

421,667

 

$

0.0004

 

5.48

 

 

Schedule of vesting for unvested options

 

 

 

 

 

2016

    

40,333

 

Total

 

40,333