Long-Term Compensation Plan and Stock Based Compensation

6 Months Ended

Jun. 30, 2018

Long-Term Compensation Plan and Stock Based Compensation

Long-Term Compensation Plan and Stock Based Compensation

Note 9 – Long-Term Compensation Plan and Stock Based Compensation

Under the OneSpan Inc. 2009 Equity Incentive Plan, formerly known as the “VASCO Data Security International, Inc. 2009 Equity Incentive Plan” (“2009 Equity Incentive Plan”), we awarded 324 shares of restricted stock in the first quarter of 2018 consisting of 161 unissued shares subject to future performance criteria and 163 issued time-based shares. The market value of the 163 issued restricted shares was $2,299 at the date of grant, and is being amortized over the vesting period of one to four years. The market value of the 161 unissued shares subject to performance criteria was $2,280 at the date of grant, and is being amortized over the vesting period of three years. No shares were issued during the second quarter of 2018.

The following table details long-term compensation plan and stock-based compensation expense for the three and six months ended June 30, 2018 and 2017:


	Three months ended				Six months ended
	June 30,				June 30,
	2018		2017		2018		2017
Restricted stock	$	1,009	$	532	$	1,809	$	1,076
Long-term compensation plan		389		300		941		856
Total compensation	$	1,398	$	832	$	2,750	$	1,932