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Stock Option Plans (Tables)
12 Months Ended
Dec. 31, 2016
Stock Option Plans  
Summary of stock option activity

 

 

 

 

 

Options Outstanding

 

 

 

Shares
Available
for Grant

 

Number
of Options

 

Weighted-
Average
Exercise
Price

 

Balance at December 31, 2015

 

 

2,559,499

 

 

784,136

 

$

4.09

 

Additional shares authorized

 

 

1,496,001

 

 

 

 

 

 

 

Options granted

 

 

(1,813,400

)

 

1,813,400

 

 

15.09

 

Options exercised

 

 

 

 

(13,454

)

 

0.28

 

Options forfeited

 

 

233,500

 

 

(233,500

)

 

11.35

 

​  

​  

​  

​  

Balance at December 31, 2016

 

 

2,475,600

 

 

2,350,582

 

$

11.88

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of information about stock options outstanding

 

                                                                                                                                                                                    

 

 

Options Outstanding
at December 31, 2016

 

Options Vested
at December 31, 2016

 

Exercise Price

 

Number

 

Weighted
Average
Remaining
Contractual Life
(in Years)

 

Weighted
Average
Exercise Price

 

Number

 

Weighted
Average
Remaining
Contractual Life
(in Years)

 

Weighted
Average
Exercise
Price

 

$0.28

 

 

419,682 

 

 

8.46 

 

$

0.28 

 

 

159,732 

 

 

8.44 

 

$

0.28 

 

$4.65

 

 

144,500 

 

 

8.81 

 

$

4.65 

 

 

42,449 

 

 

8.81 

 

$

4.65 

 

$6.75

 

 

5,000 

 

 

8.87 

 

$

6.75 

 

 

1,438 

 

 

8.87 

 

$

6.75 

 

$13.34 - 16.37

 

 

1,781,400 

 

 

9.42 

 

$

15.21 

 

 

193,867 

 

 

9.18 

 

$

15.14 

 

​  

​  

​  

​  

 

 

 

2,350,582 

 

 

9.21 

 

$

11.88 

 

 

397,486 

 

 

8.84 

 

$

8.02 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Options Outstanding
at December 31, 2015

 

Options Vested
at December 31, 2015

 

Exercise Price

 

Number

 

Weighted
Average
Remaining
Contractual Life
(in Years)

 

Weighted
Average
Exercise Price

 

Number

 

Weighted
Average
Remaining
Contractual Life
(in Years)

 

Weighted
Average
Exercise
Price

 

$0.28 - $4.65

 

 

629,136 

 

 

9.54 

 

$

1.28 

 

 

9,637 

 

 

9.06 

 

$

0.28 

 

$6.75 - $15.79

 

 

155,000 

 

 

10.00 

 

$

15.50 

 

 

 

 

 

 

 

 

 

​  

​  

​  

​  

 

 

 

784,136 

 

 

9.63 

 

$

4.09 

 

 

9,637 

 

 

9.06 

 

$

0.28 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of options outstanding and exercisable that had vested or were expected to vest

        Options outstanding and exercisable that had vested or were expected to vest at December 31, 2016 were as follows:

                                                                                                                                                                                    

 

 

Number of shares

 

Weighted
Average
Exercise Price

 

Weighted
Average
Remaining
Contractual
Life (years)

 

Aggregate
Intrinsic
Value
(in thousands)

 

Vested

 

 

397,486 

 

$

8.02 

 

 

8.84 

 

$

2,660 

 

Expected to vest

 

 

1,953,096 

 

$

12.66 

 

 

9.27 

 

$

4,869