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Stock Incentive Plans
 6 Months Ended
Jun. 30, 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

 

548,500

 

$

5.47

 

 

 

 

 

Cancelled or forfeited

 

(32,589)

 

$

26.59

 

 

 

 

 

Expired

 

(481)

 

$

32.10

 

 

 

 

 

Outstanding at June 30, 2020

 

1,301,262

 

$

11.58

 
8.51

 

$

1,180

Vested and exercisable at June 30, 2020

 

426,375

 

$

23.70

 
6.96

 

$

219

 

There were no options exercised in the three or six months ended June 30, 2020 and 2019. The total grant date fair value of options vested for the three months ended June 30, 2020 and 2019 was $0.3 million and $0.4 million, respectively. The total grant date fair value of options vested for both the six months ended June 30, 2020 and 2019 was $0.8 million. The weighted-average grant date fair value of options granted to employees and non-employees for both the three months ended June 30, 2020 and 2019 was $4.00. The weighted-average grant date fair value of options granted to employees and non-employees for the six months ended June 30, 2020 and 2019 was $3.64 and $3.06, respectively.

At June 30, 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 2.8 years.