Synacor, Inc. - 10-Q filing on 2017-11-14

Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Total Stock Based Compensation Expense

Total stock-based compensation expense included in the accompanying condensed consolidated statements of operations for the periods presented, is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Technology and development	$	190	$	238	$	604	$	681
Sales and marketing		142		173		500		604
General and administrative		273		269		824		819
Total stock-based compensation expense	$	605	$	680	$	1,928	$	2,104

Summary of Stock Option Activity

Stock Option Activity – A summary of the stock option activity for the nine months ended September 30, 2017 is presented below:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2017		8,756,174		$	2.53
Granted		1,486,400			3.21
Exercised		(858,438	)		2.24
Forfeited or expired		(678,005	)		3.64
Outstanding at September 30, 2017		8,706,131		$	2.59		7.16	$	3,267
Vested and expected to vest at September 30, 2017		8,380,530		$	2.58		7.09	$	3,173
Vested and exercisable at September 30, 2017		4,959,229		$	2.59		6.13	$	1,934

Summary of RSU Activity

A summary of RSU activity for the nine months ended September 30, 2017 is presented below:

	Number of Shares			Weighted Average Fair Value
Unvested—January 1, 2017		319,889		$	2.71
Granted		—			—
Released		(174,236	)		2.51
Forfeited		(18,427	)		2.96
Unvested—September 30, 2017		127,226		$	2.95
Unvested expected to vest—September 30, 2017		123,975		$	2.93