Long-Term Compensation Plan and Stock Based Compensation

9 Months Ended

Sep. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Long-Term Compensation Plan and Stock Based Compensation

Note 8 – Long-Term Compensation Plan and Stock Based Compensation

Under the VASCO Data Security International, Inc. 2009 Equity Incentive Plan (“2009 Equity Incentive Plan”), we awarded 162 shares of restricted stock in the first quarter of 2015 consisting of 147 unissued shares subject to future performance criteria and 15 issued shares. The market value of the 15 issued restricted shares of $400 at the date of grant is being amortized over the vesting period of one year. The market value of the 147 unissued shares subject to performance criteria of $3,994 at the date of grant is being amortized over the respective vesting periods of one to four years.

The following table details long-term compensation plan and stock-based compensation expense for the three and nine months ended September 30, 2015 and 2014:


	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014

Restricted stock	$	1,049	$	630	$	2,726	$	1,840
Long-term compensation plan		509		351		1,382		570

Total Non-Cash Compensation	$	1,558	$	981	$	4,108	$	2,410