6.	Stock Options

On June 7, 2016 stockholders of the Company approved amendments to the Innodata Inc. 2013 Stock Plan. The Innodata Inc. 2013 Stock Plan as amended and restated effective June 7, 2016 is referred to herein as the “Plan.” The number of shares of common stock of Innodata Inc. (“Stock”) that may be delivered, purchased or used for reference purposes (with respect to stock appreciation rights or stock units) for awards granted under the Plan after June 7, 2016 is 5,858,892 (the “Share Reserve”). Shares subject to an option or stock appreciation right granted under the Plan after June 7, 2016 shall count against the Share Reserve as one share for every share granted, and shares subject to any other type of award granted under the Plan after June 7, 2016 shall count against the Share Reserve as two shares for every share granted. Any award, or portion of an award, under the Plan or under the 2009 Stock Plan (as amended and restated (the “Prior Plan”)) that expires or terminates unexercised, becomes unexercisable or is forfeited or otherwise terminated, surrendered or canceled as to any shares without delivery of shares or other consideration shall be added back to the Share Reserve as one share for each such share that was subject to an option or stock appreciation right granted under the Plan or the Prior Plan, and two shares for each such share that was subject to an award other than an option or stock appreciation right granted under the Plan or the Prior Plan. If any shares are withheld, tendered or exchanged by a participant in the Plan as full or partial payment to Innodata of the exercise price under an option under the Plan or the Prior Plan or in satisfaction of a participant’s tax withholding obligations with respect to any award under the Plan or the Prior Plan, there shall be added back to the Share Reserve one share for each such share that was withheld, tendered or exchanged in respect of an option or stock appreciation right granted under the Plan or the Prior Plan, and two shares for each such share that was withheld, tendered or exchanged in respect of an award other than an option or stock appreciation right granted under the Plan or the Prior Plan.

					Weighted-Average
			Weighted -		Remaining		Aggregate
	Number of		Average Exercise		Contractual Term		Intrinsic
	Options		Price		(years)		Value
Outstanding at January 1, 2018		4,241,799	$	2.82
Granted		-		-
Exercised		-		-
Forfeited/Expired		(2,824)		3.39
Outstanding at March 31, 2018		4,238,975	$	2.82		4.55	$	-

Exercisable at March 31, 2018		3,680,870	$	2.86		3.98	$	-

Vested and Expected to Vest at March 31, 2018		4,238,975	$	2.82		4.55	$	-

The were no options granted for the three months ended March 31, 2018 and 2017.

The total compensation cost related to non-vested stock awards not yet recognized as of March 31, 2018 totaled approximately $0.6 million. The weighted-average period over which these costs will be recognized is sixteen months.

The stock-based compensation expense related to the Company’s various stock awards was allocated as follows (in thousands):

	Three months ended
	March 31,
	2018		2017

Direct operating costs	$	54	$	92
Selling and administrative expenses		86		196
Total stock-based compensation	$	140	$	288