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Share-based Compensation
 6 Months Ended
Jun. 30, 2013
Share-based Compensation

(8) Share-based Compensation

For the three and six month periods ended June 30, 2013 and 2012 and for the period from Inception through June 30, 2013, the Company recognized the following non-cash, share-based compensation expense in the consolidated statement of operations (in thousands):

 

 

Three Months
Ended  June 30,

 

  

Six Months
Ended  June 30,

 

  

Period from
December 17,
2001 (date of
inception) to
June 30, 2013

 

 

2013

 

  

2012

 

  

2013

 

  

2012

 

  

Research and Development             

$

  14

  

  

$

  25

  

  

$

  29

  

  

$

  51

  

  

$

  619

  

Selling, General and Administrative             

 

  20

  

  

 

  53

  

  

 

  47

  

  

 

  117

  

  

 

  1,658

  

Restructuring Expense             

 

—

  

  

 

—

  

  

 

—

  

  

 

—

  

  

 

  387

  

Total             

$

  34

  

  

$

  78

  

  

$

  76

  

  

$

  168

  

  

$

  2,664

  

Stock option transactions for the three month period ended June 30, 2013 under all plans are as follows:

 

 

# of Options

 

 

Weighted
Average
Exercise Price

 

  

Weighted
Average
Remaining
Contractual
Term
(in years)

 

Options outstanding at December 31, 2012             

 

  144,019

  

 

$

  18.28

  

  

 

  4.91

  

Changes during the period:

 

 

 

 

 

 

 

  

 

 

 

Granted             

 

—

  

 

 

—

  

  

 

 

 

Exercised             

 

—

  

 

 

—

  

  

 

 

 

Forfeited, cancelled or expired             

 

(6,314

) 

 

 

  23.35

  

  

 

 

 

Options outstanding at June 30, 2013             

 

  137,705

  

 

$

  18.05

  

  

 

  4.50

  

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at June 30, 2013             

 

  126,197

  

 

$

  18.38

  

  

 

  4.28

  

Options vested and expected to vest             

 

  136,325

  

 

$

  18.08

  

  

 

  4.49