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Stock Incentive Plans
 3 Months Ended
Mar. 31, 2020
Stock Incentive Plans  
Stock Incentive Plans

9.    Stock Incentive Plans

A summary of the Company’s stock option activity and related information follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

Aggregate

 

 

 

 

Average

 

Contractual

 

Intrinsic Value

 

    

Shares

    

Exercise Price

    

Term (years)

    

(in thousands)

Outstanding at December 31, 2019

 

785,832

 

$

16.48

 

8.13

 

$

470

Granted

 

452,500

 

$
5.32

 

 

 

 

 

Cancelled or forfeited

 

(31,207)

 

$
27.25

 

 

 

 

 

Expired

 

(481)

 

$
32.10

 

 

 

 

 

Outstanding at March 31, 2020

 

1,206,644

 

$

12.01

 

8.65

 

$

 —

Vested and Exercisable at March 31, 2020

 

366,105

 

$

26.33

 

6.96

 

$

 —

 

There were no options exercised in the three months ended March 31, 2020 and 2019. The total grant date fair value of options vested for the three months ended March 31, 2020 and 2019 was $0.4 million and $0.5 million, respectively. The weighted-average grant date fair value of options granted to employees and non-employees for the three months ended March 31, 2020 and 2019 was $3.57 and $3.00, respectively.

At March 31, 2020, the total unrecognized compensation expense related to unvested stock option awards was $3.0 million. The Company expects to recognize that cost over a weighted-average period of approximately 2.9 years.