MANAGEMENT AGREEMENT (Tables)

3 Months Ended

Jun. 30, 2017

MANAGEMENT AGREEMENT

Schedule of restricted stock units granted

In connection with the 2014 Management Agreement, we granted restricted stock units as follows:

	Three Months Ended June 30,
	2017	2016
Time-based	66,122	107,551
Market-based(1)	122,370	199,038
Performance-based(1)
New IP	20,396	33,174
Major IP	20,394	33,172
Total—Performance-based	40,790	66,346
Total Restricted Stock Units	229,282	372,935

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(1) Represents the maximum number of shares eligible to vest.