Capital Stock and Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Unamortized Value of Restricted Stock

The unamortized value of $5.5 million at June 30, 2018, if all are ultimately vested following the original vesting schedule, 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)	June 30, 2018 unamortized dollar value
3rd quarter 2018	$	109
4th quarter 2018		109
1st quarter 2019		103
2nd quarter 2019		73
3rd quarter 2019		72
4th quarter 2019		72
1st quarter 2020		67
2nd quarter 2020		37
3rd quarter 2020		37
4th quarter 2020		37
1st quarter 2021		31
Unamortized fair-value - subject to vesting schedule		747
Unamortized fair-value - event dependent		4,764
Total unamortized dollar value		5,511

Summary of Company's Restricted Stock Award Activity

A summary of WMIH’s restricted stock award activity for the six months ended June 30, 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		298,508		1.3400		400
Outstanding—June 30, 2018		7,012,640	$	2.0527	$	14,395

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 June 30, 2018 will vest, assuming circumstances remain unchanged, according to the following schedule:

Vesting schedule of shares subject to repurchase	June 30, 2018 unvested shares
1st quarter 2019		267,356
2nd quarter 2019		—
3rd quarter 2019		—
4th quarter 2019		—
1st quarter 2020		210,612
2nd quarter 2020		—
3rd quarter 2020		—
4th quarter 2020		—
1st quarter 2021		99,496
Total unvested shares - subject to vesting schedule		577,464
Unvested shares - event dependent		3,555,556
Total unvested shares		4,133,020

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 June 30, 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		298,508
Shares vested during 2018		(219,128	)
Shares subject to repurchase—June 30, 2018		4,133,020