Long-Term Compensation Plan and Stock Based Compensation

9 Months Ended

Sep. 30, 2017

Long-Term Compensation Plan and Stock Based Compensation

Long-Term Compensation Plan and Stock Based Compensation

Note 6 – 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 237 shares of restricted stock in the first quarter of 2017 consisting of 126 unissued shares subject to future performance criteria and 111 issued shares. During the second quarter of 2017, we awarded an additional 23 shares of restricted stock consisting of 14 unissued shares subject to future performance criteria and 9 issued shares. No additional shares were issued in the third quarter of 2017. The market value of the 120 issued restricted shares of $1,764 at the date of grant is being amortized over the vesting period of one to four years. The market value of the 140 unissued shares subject to performance criteria of $2,046 at the date of grant is being amortized over the vesting period of three years.

The following table details long-term compensation plan and stock-based compensation expense for the three and nine months ended September 30, 2017 and 2016:


	Three months ended				Nine months ended
	September 30,				September 30,
	2017		2016		2017		2016
Restricted stock	$	825	$	1,123	$	1,901	$	4,066
Long-term compensation plan		442		456		1,298		1,391
Total Compensation	$	1,267	$	1,579	$	3,199	$	5,457