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SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2015

	Number of options (in thousands)			Weighted-average exercise price		Weighted-average remaining contractual term (in years)		Aggregate intrinsic value

Outstanding at December 31, 2014		766,125			5.38		3.55	$	5,221
Granted *)		157,750			11.11
Exercised		(117,865	)		3.40
Expired & Forfeited		(4,500	)		12.14

Outstanding at June 30, 2015		801,510			6.76		3.44	$	3,243

Vested and expected to vest at June 30, 3015		801,510			6.76		3.44	$	3,243

Exercisable at June 30, 2015		605,698			6.17		3.11	$	2,794

*)	Excluding 35,500 RSUs granted as described in Note 6c.

Schedule of Stock Options Under the Plans by Exercise Price

	Options outstanding at June 30, 2015			Options exercisable at June 30, 2015
Exercise price	Number outstanding	Weighted average exercise price	Weighted average remaining contractual life	Number exercisable	Weighted average exercise price	Weighted average remaining contractual life
$		$	In years		$	In years

0.7 - 1.95	7,950	1.23	0.94	7,950	1.23	0.94
2.56 - 4.86	304,435	3.46	3.37	264,435	3.51	3.23
5.0 - 8.60	230,725	6.13	3.68	191,225	6.01	3.55
10.80 - 13.16	258,400	11.38	3.40	142,088	11.60	2.42

	801,510			605,698

Summary of Compensation Cost related to Equity-based Awards

	Six months ended June 30,
	*2015 )**		2014

	Unaudited

Cost of revenue	$	22	$	8
Research and development, net		324		102
Selling and marketing, net		224		104
General and administrative		216		77

	$	786	$	291

*)	Including $140 compensation cost related to RSUs for the six months period ended June 30, 2015.

Schedule of Outstanding Warrants and Rights

Issuance date		Outstanding and exercisable		Exercise price		Exercisable through
April 24, 2013		310,985		3.49		April 23, 2016

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details