Capital Stock and Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Unamortized Value of Restricted Stock

The unamortized value of $5.5 million at March 31, 2018, if all are ultimately vested, would be amortized according to the following schedule. The fair value of the Exec Grants will vest and be recognized on the date of the consummation of a Qualified Acquisition. Additionally, the Exec Additional Shares would be issued and immediately vest on the date of the consummation of a Qualified Acquisition.

Amortization Schedule (in thousands)	March 31, 2018 unamortized dollar value
2nd quarter 2018	$	71
3rd quarter 2018		71
4th quarter 2018		71
1st quarter 2019		66
2nd quarter 2019		36
3rd quarter 2019		36
4th quarter 2019		36
1st quarter 2020		31
Unamortized fair-value - subject to vesting schedule		418
Unamortized fair-value - event dependent		5,049
Total unamortized dollar value	$	5,467

Summary of Company's Restricted Stock Award Activity

A summary of WMIH’s restricted stock award activity for the three months ended March 31, 2018 and year ended December 31, 2017 is presented below:

	Number of restricted stock awards outstanding		Weighted-average grant date fair value		Aggregate fair value (in thousands)
Outstanding—January 1, 2017		6,380,800		2.1306		13,595
Restricted stock awards granted during 2017		333,332		1.2000		400
Outstanding—December 31, 2017		6,714,132		2.0844		13,995
Restricted stock awards granted during 2018		—		—		—
Outstanding—March 31, 2018		6,714,132	$	2.0844	$	13,995

Schedule of Vesting Shares Subject to Repurchase

The Exec Grants vest upon future events, and are not time specific, therefore, they are listed as event dependent. The shares subject to repurchase at March 31, 2018 will vest, assuming circumstances remain unchanged, according to the following schedule:

Vesting schedule of shares subject to repurchase	March 31, 2018 unvested shares
1st quarter 2019		167,848
2nd quarter 2019		—
3rd quarter 2019		—
4th quarter 2019		—
1st quarter 2020		111,108
Total unvested shares - subject to vesting schedule		278,956
Unvested shares - event dependent		3,555,556
Total unvested shares		3,834,512

Summary of WMIH's Restricted Shares Issued and Subject to Repurchase

A summary of WMIH’s restricted shares issued and subject to repurchase as of March 31, 2018 and December 31, 2017 is presented below:

Vesting schedule of shares subject to repurchase	Unvested shares
Shares subject to repurchase—January 1, 2017		4,039,591
Shares issued subject to vesting during 2017		333,332
Shares vested during 2017		(319,283	)
Shares subject to repurchase—December 31, 2017		4,053,640
Shares issued subject to vesting during 2018		—
Shares vested during 2018		(219,128	)
Shares subject to repurchase—March 31, 2018		3,834,512