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Long-Term Compensation Plan and Stock Based Compensation | 9 Months Ended
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Sep. 30, 2019
Long-Term Compensation Plan and Stock Based Compensation |
Stock Compensation Plans | Note 10 – Long-Term Compensation Plan and Stock Based Compensation (share counts in thousands) The OneSpan Inc. 2019 Omnibus Incentive Plan (“2019 Plan”) was adopted by the Board of Directors on February 1, 2019, and was approved by the stockholders on June 12, 2019. Awards were previously granted under the OneSpan Inc. 2009 Equity Incentive Plan (“2009 Plan”). The 2009 Plan terminated on December 19, 2018, and no additional securities remained for issuance. Under the 2019 Plan, we awarded 385 shares of restricted stock during the nine months ended September 30, 2019 consisting of 248 unissued shares subject to future performance criteria and 137 issued time-based shares. The market value of the 137 issued restricted shares was $2.0 million at the date of grant, and is being amortized over the vesting period of one to four years. The market value of the 248 unissued shares subject to performance criteria was $3.6 million at the date of grant, and 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, 2019 and 2018:
|  | Three months ended |  | Nine months ended |
|  | September 30, |  | September 30, |
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |
in thousands |  | (in thousands) |  | (in thousands) |
Restricted stock |  | $ | 549 |  | $ | 1,107 |  | $ | 1,778 |  | $ | 2,916 |
Long-term compensation plan |  |  | 280 |  |  | 526 |  |  | 1,538 |  |  | 1,467 |
Total compensation |  | $ | 829 |  | $ | 1,633 |  | $ | 3,316 |  | $ | 4,383 |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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