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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Restricted Stock Units |
Nonvested Stock Awards |
Schedule of nonvested stock amortization expense |
|  | Successor |
|  | Three Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2015 |  | Period from July 9 to September 30, 2014 |
General, administrative and management fees |  | $ | 235 |  | $ | 235 |  | $ | — |
Summary of nonvested stock awards | The table below summarizes the Successor Company’s RSUs for the nine months ended September 30, 2015:
|  | Number of RSUs |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2015 - Successor |  | — |  | $ | — |
Granted |  | 74,403 |  | 7.11 |
Vested |  | (16,188 | ) | 7.00 |
Forfeited |  | — |  | — |
Outstanding at September 30, 2015 - Successor |  | 58,215 |  | $ | 7.15 |
The following table summarizes certain information about the RSUs vested, not outstanding as of September 30, 2015:
Unvested RSUs September 30, 2015 |  | Vested RSUs September 30, 2015 |
|  |  |  | Weighted |  |  |  |  |
|  | Weighted |  | Average |  |  |  | Weighted |
Number of RSUs |  | Average Grant Date Price |  | Remaining Contractual Life |  | Number of RSUs |  | Average Grant Date Price |
58,215 |  | $ | 7.15 |  | 0.62 |  | 16,188 |  | $ | 7.00 |
2014 MIP Plan |
Nonvested Stock Awards |
Summary of nonvested stock awards |
|  | Number of Shares |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2015 - Successor |  | 1,110,600 |  | $ | 20.00 |
Granted |  | — |  | — |
Vested |  | (370,200 | ) | 20.00 |
Forfeited |  | — |  | — |
Outstanding at September 30, 2015 - Successor |  | 740,400 |  | $ | 20.00 |
Summary of warrant activity and warrants outstanding | The following table summarizes all the warrant activity for the nine months ended September 30, 2015:
|  | Number of Warrants |  | Weighted Average Exercise Price |  | Weighted Average Fair Value |
Outstanding at January 1, 2015 - Successor |  | 8,557,461 |  | $ | 30.31 |  | $ | 6.36 |
Granted |  | — |  | — |  | — |
Exercisable |  | (2,852,487 | ) | 30.31 |  | 6.36 |
Exercised |  | — |  | — |  | — |
Forfeited |  | — |  | — |  | — |
Outstanding at September 30, 2015 - Successor |  | 5,704,974 |  | $ | 30.31 |  | $ | 6.36 |
The following table summarizes certain information about the warrants outstanding as of September 30, 2015:
|  | Warrants Outstanding, September 30, 2015 |  | Warrants Exercisable, September 30, 2015 |
|  |  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  | Weighted |  | Average |  |  |  | Weighted |  | Average |
Weighted Average Exercise Price |  | Number of Warrants |  | Average Exercise Price |  | Remaining Contractual Life |  | Number of Warrants |  | Average Exercise Price |  | Remaining Contractual Life |
$ | 30.31 |  | 5,704,974 |  | $ | 30.31 |  | 4.86 |  | 2,852,487 |  | $ | 30.31 |  | 4.86 |
2014 MIP Plan | Restricted shares |
Nonvested Stock Awards |
Schedule of nonvested stock amortization expense |
|  | Successor |
|  | Three Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2015 |  | Period from July 9 to September 30, 2014 |
General, administrative and management fees |  | $ | 2,304 |  | $ | 9,031 |  | $ | 2,044 |
Baltic Trading Plan |
Nonvested Stock Awards |
Schedule of nonvested stock amortization expense |
|  | Successor |  | Predecessor |
|  | Three Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2015 |  | Period from July 9 to September 30, 2014 |  | Period from July 1 to July 9, 2014 |  | Period from January 1 to July 9, 2014 |
General, administrative and management fees |  | $ | 3,665 |  | $ | 5,273 |  | $ | 818 |  | $ | 78 |  | $ | 1,949 |
Summary of nonvested stock awards |
|  | Number of Baltic Trading Common Shares |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2015 |  | 1,941,844 |  | $ | 3.80 |
Granted |  | — |  | — |
Vested |  | (1,941,844 | ) | 3.80 |
Forfeited |  | — |  | — |
Outstanding at September 30, 2015 |  | — |  | $ | — |
Predecessor | 2005 and 2012 GS&T Plans |
Nonvested Stock Awards |
Schedule of nonvested stock amortization expense |
|  | Predecessor |
|  | Period from July 1 to July 9, 2014 |  | Period from January 1 to July 9, 2014 |
General, administrative and management fees |  | $ | 1,583 |  | $ | 2,403 |
MIP Warrants | 2014 MIP Plan |
Nonvested Stock Awards |
Schedule of nonvested stock amortization expense |
|  | Successor |
|  | Three Months Ended September 30, 2015 |  | Nine Months Ended September 30, 2015 |  | Period from July 9 to September 30, 2014 |
General, administrative and management fees |  | $ | 5,646 |  | $ | 22,134 |  | $ | 5,010 |

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