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Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity  
Summary of stock option activity by plan

The following table summarizes stock option activity by incentive plan for the year ended December 31, 2016 (in actual amounts):

 

 

 

 

 

 

 

 

 

 

    

Total Number

    

2004 Stock

    

Amended and

 

2016 Stock

 

 

of Shares

 

Incentive Plan

 

Restated Plan

 

Incentive Plan

Outstanding at January 1, 2016

 

 —

 

 —

 

 —

 

 —

Legacy Joe's stock options assumed

 

2,944

 

2,500

 

444

 

 —

Granted

 

150,000

 

 —

 

 —

 

150,000

Exercised

 

 —

 

 —

 

 —

 

 —

Forfeited / Expired

 

(2,500)

 

(2,500)

 

 —

 

 —

Outstanding at December 31, 2016

 

150,444

 

 —

 

444

 

150,000

 

Schedule of stock option activity in the aggregate

The following table summarizes stock option activity for all incentive plans for the year ended December 31, 2016 (in actual amounts):

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

Weighted Average

    

Aggregate

 

 

 

 

Average

 

Remaining Contractual

 

Intrinsic

 

 

Options

 

Exercise Price

 

Life (Years)

 

Value

Outstanding at January 1, 2016

 

 —

 

$

 —

 

 

 

 

 

Legacy Joe's stock options assumed

 

2,944

 

 

27.70

 

 

 

 

 

Granted

 

150,000

 

 

4.02

 

 

 

 

 

Exercised

 

 —

 

 

 —

 

 

 

 

 

Expired

 

 —

 

 

 —

 

 

 

 

 

Forfeited

 

(2,500)

 

 

30.60

 

 

 

 

 

Outstanding at December 31, 2016

 

150,444

 

$

4.04

 

7.4

 

$

 —

Exercisable at December 31, 2016

 

444

 

$

11.40

 

8.0

 

$

 —

 

Schedule of exercise prices for options outstanding and exercisable

Exercise prices for options outstanding as of December 31, 2016 were as follows (in actual amounts):

 

 

 

 

 

 

 

 

 

Options Outstanding and Exercisable

Exercise Price

 

Number of Shares

 

Weighted-Average
Remaining Contractual
Life (Years)

$

4.02

 

150,000

 

7.4

$

11.40

 

444

 

8.0

 

 

 

150,444

 

 

 

Summary of the status of restricted common stock and RSUs and changes

The following table summarizes RSU activity for the year ended December 31, 2016 (in actual amounts):

 

 

 

 

 

 

 

Restricted Stock Units

 

    

Number Of
Units

    

Weighted Average Grant
Date Fair Value

Outstanding at January 1, 2016

 

 —

$

 —

Granted

 

1,063,570

 

4.95

Vested

 

(262,727)

 

5.86

Forfeited

 

 —

 

 —

Outstanding at December 31, 2016

 

800,843

$

4.65