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Stock Options (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Outstanding Stock Options

The following tables summarize certain information related to outstanding stock options under the Lonestar Resources Limited 2012 Employee Share Option Plan and the Lonestar Resources US Inc. 2016 Incentive Plan, which replaced the Lonestar Resources Limited 2012 Employee Share Option Plan following the Reorganization:

 

     Shares      Weighted
Average
Exercise Price
Per Share
     Weighted
Average

Remaining
Contractual
Term

(in years)
 

Outstanding at December 31, 2015

     849,936       $ 15.50         1.0   

Options vested and exercisable at December 31, 2015

     807,686         15.50         1.0   

Granted

     35,000         15.00         2.0   

Exercised

     —           —           —     

Canceled/Expired

     (64,667      18.00         —     

Forfeited

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Outstanding at September 30, 2016

     820,269       $ 15.00         0.5   

Options vested and exercisable at September 30, 2016

     778,019       $ 15.00         0.5   

 

     Shares     Weighted
Average
Fair

Value per
Share
     Weighted
Average
Exercise
Price per
share
     Weighted
Average
Remaining
Contractual
Term
(in years)
 

Outstanding non-vested options at December 31, 2015

     42,250      $ 9.00       $ 15.50         1.0   

Granted

     35,000        1.90         15.00         2.25   

Vested

     (35,000     1.90         15.00         2.25   

Forfeited

     —          —           —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding non-vested options at September 30, 2016

     42,250      $ 9.00       $ 15.50         0.25   
  

 

 

   

 

 

    

 

 

    

 

 

 

The following tables summarize certain information related to outstanding stock options under the 2012 Plan as of and for the years ended December 31, 2015 and 2014:

 

     Shares     Weighted
Average
Exercise Price
Per Share
     Weighted Average
Remaining
Contractual Term
(in years)
 

Options outstanding at December 31,2013

     1,477,685      $ 16.00         3.0   

Granted

     410,822        18.00         3.0   

Exercised

     —          —           —     

Canceled/Expired

     (24,667     18.00         1.5   

Forfeited

     (249,570     15.00         2.0   
  

 

 

   

 

 

    

 

 

 

Outstanding at December 31, 2014

     1,614,270        16.00         2.0   

Options vested and exercisable at December 31, 2014

     970,155      $ 16.00         2.0   

Granted

     160,000        10.00         1.0   

Exercised

     —          —           —     

Canceled/Expired

     (50,000     12.00         —     

Forfeited

     (24,398     12.00         —     
  

 

 

   

 

 

    

 

 

 

Outstanding at December 31, 2015

     1,699,872        15.50         1.0   

Options vested and exercisable at December 31, 2015

     1,615,372      $ 15.50         1.0   

 

     Shares     Weighted
Average Fair
Value
per Share
     Weighted
Average
Exercise Price

per share
     Weighted Average
Remaining
Contractual Term

(in years)
 

Outstanding non-vested options at December 31, 2013

     882,456      $ 11.50       $ 15.00         3.0   

Granted

     410,822        4.50         18.00         3.0   

Vested

     (399,593     4.50         16.00         3.0   

Forfeited

     (249,570     4.50         15.00         3.0   
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding non-vested options at December 31, 2014

     644,115      $ 4.50       $ 16.00         2.0   

Granted

     160,000        2.40         10.00         1.0   

Vested

     (695,217     4.00         15.50         1.0   

Forfeited

     (24,398     4.50         15.50         —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding non-vested options at December 31, 2015

     84,500      $ 4.50       $ 15.50         1.0