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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2017
Stock Incentive Plans  
Summary of stock option activity

 

                                                                                                                                                                                    

 

 

Shares

 

Weighted-
Average Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term (years)

 

Aggregate
Intrinsic Value
(in thousands)

 

Outstanding at December 31, 2016

 

 

2,270,169

 

$

6.11

 

 

8.14

 

$

613

 

Granted

 

 

890,740

 

$

1.26

 

 

 

 

 

 

 

Exercised

 

 

(22,879

)

$

1.01

 

 

 

 

 

 

 

Cancelled or forfeited

 

 

(292,404

)

$

7.13

 

 

 

 

 

 

 

​  

​  

Outstanding at December 31, 2017

 

 

2,845,626

 

$

4.53

 

 

7.75

 

$

216

 

​  

​  

​  

​  

Vested and Exercisable at December 31, 2017

 

 

1,265,411

 

$

5.91

 

 

6.53

 

$

 

​  

​  

 

Schedule of assumptions made based on the Black-Scholes option pricing model

 

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

 

2017

 

2016

 

2015

 

Weighted-average expected volatility

 

 

76.1 - 81.9

%

 

72.0 - 73.9

%

 

73.6 - 86.8

%

Expected term (in years)

 

 

6.25 - 9.77

 

 

6.25

 

 

6.17 - 10.00

 

Risk-free interest rate

 

 

2.00 - 2.38

%

 

1.24 - 2.00

%

 

0.92 - 2.45

%

Expected dividend yield

 

 

0

%

 

0

%

 

0

%