XML 50 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity
 3 Months Ended
Mar. 31, 2014
Equity
(8) Equity

Common stock

During the three months ended March 31, 2014 and 2013, the Company issued 215,000 and 260,000 shares, respectively, as a result of the exercise of stock options, resulting in gross and net proceeds of $0.3 million and $0.4 million, respectively for each period. In addition, during the three months ended March 31, 2013, the Company issued 70,000 shares as a result of the exercise of warrants, resulting in gross and net proceeds of $0.1 million.

On January 8, 2014, the Company granted a total of 2,082,000 RSUs and 2,605,500 stock options to employees under the Amarin Corporation plc 2011 Stock Incentive Plan (the 2011 Plan). The RSU’s vest annually over a three year period and the stock options vest monthly over a four year period.

In January 2013, the Company granted 454,875 RSUs to several employees under the 2011 Plan. These RSUs vest upon the achievement of certain operational milestones. In the year ended December 31, 2013, as a result of the operational milestones not being achieved, all of these RSU’s were forfeited and no shares were issued as a result of vesting. The Company recorded no expense during the quarters ended March 31, 2014 and 2013 related to the vesting of these RSUs.