Stockholders' Equity

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Stockholders' Equity

Note 12—Stockholders' Equity

Incentive Plan

The following table summarizes our compensation costs recognized in General and administrative expense under the Amended and Restated Par Pacific Holdings, Inc. 2012 Long-term Incentive Plan ("LTIP") and Stock Purchase Plan (in thousands):

	Three Months Ended March 31,
	2017		2016
Restricted Stock Awards	$	1,703	$	684
Restricted Stock Units	84		1,062
Stock Option Awards	750		441

During the three months ended March 31, 2017, we granted 223 thousand shares of restricted stock and restricted stock units with a fair value of approximately $3.4 million. As of March 31, 2017, there were approximately $7.8 million of total unrecognized compensation costs related to restricted stock awards and restricted stock units, which are expected to be recognized on a straight-line basis over a weighted-average period of 2.9 years.

During the three months ended March 31, 2017, we granted 239 thousand stock option awards with a weighted-average exercise price of $15.03 per share. As of March 31, 2017, there were approximately $5.2 million of total unrecognized compensation costs related to stock option awards, which are expected to be recognized on a straight-line basis over a weighted-average period of 3.0 years.

During the three months ended March 31, 2017, we granted 45 thousand performance restricted stock units to executive officers. These performance restricted stock units vest over a three year period and are subject to certain annual performance targets as defined by our Board of Directors.