SAExploration Holdings, Inc. - 10-Q filing on 2017-08-21

SHARE-BASED COMPENSATION	6 Months Ended
SHARE-BASED COMPENSATION	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Share-based compensation expense for stock option and restricted stock unit awards in the three and six months ended June 30, 2017 was $636 and $1,265, respectively. Share-based compensation expense for stock option and restricted stock unit awards in the three and six months ended June 30, 2016 was $178 and $343, respectively. At June 30, 2017, there was approximately $568 of unrecognized compensation expense for unvested stock option awards with a weighted average vesting period of 1.07 years. At June 30, 2017, there was approximately $1,145 of unrecognized compensation expense for unvested restricted stock unit awards with a weighted average vesting period of 1.07 years. During the three and six months ended June 30, 2017 and 2016, there were no grants of stock options or restricted stock unit awards. Amended and Restated 2016 Long Term Incentive Plan On May 8, 2017, the Corporation received written consent from holders of a majority of the Corporation's common stock outstanding approving and adopting the Corporation's Amended and Restated 2016 Long-Term Incentive Plan (the "2016 Amended and Restated Plan"). The 2016 Amended and Restated Plan became effective on May 30, 2017. The 2016 Amended and Restated Plan (i) combines the shares under the 2016 Long Term Incentive Plan and the 2013 Non-Employee Director Plan (the "Original Plans") into a common pool of common stock, (ii) allows the granting of awards for payment of annual bonuses provided for under employment agreements with officers and under its bonus program for employees and (iii) adopts other amendments necessary for granting awards to both employees and non-employee directors. No further shares will be issued under the Original Plans and any remaining shares under the Original Plans are reserved for issuance under the 2016 Amended and Restated Plan. The total number of shares of common stock reserved for issuance under the 2016 Amended and Restated Plan is 1,438,258 less any shares that have been previously issued under the Original Plans. As of June 30, 2017, there were 639,137 restricted shares, restricted stock units and options issued under the original plans issued under the 2016 Amended and Restated Plan.