Long-Term Compensation Plan and Stock Based Compensation

3 Months Ended

Mar. 31, 2016

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

Long-Term Compensation Plan and Stock Based Compensation

Note 9 – 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 251 shares of restricted stock in the first quarter of 2016 consisting of 227 unissued shares subject to future performance criteria and 24 issued shares. The market value of the 24 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 227 unissued shares subject to performance criteria of $3,779 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 months ended March 31, 2016 and 2015:


	Three months ended March 31,
		2016		2015

Restricted stock	$	1,547	$	795
Long-term compensation plan		486		364

Total Non-Cash Compensation	$	2,033	$	1,159