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Stockholders' Equity And Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Stockholders' Equity And Stock-Based Compensation [Abstract]  
Stock Option Activity



 

 

 

 

 

 

 

 

 

 

 



 

 

Number of Options

 

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value



 

 

 

 

 

 

 

In years

 

In millions



Outstanding as of December 31, 2015

 

18,515,254 

 

$

3.75

 

5.1

 

$

 —



Granted

 

355,000 

 

$

2.36

 

 

 

 

 



Exercised

 

 —

 

$

 —

 

 

 

 

 



Canceled

 

(1,825,767)

 

$

4.87

 

 

 

 

 



Outstanding as of December 31, 2016

 

17,044,487 

 

$

3.60

 

4.8

 

$

 —



Vested and expected to vest at December 31, 2016

 

17,044,487 

 

$

3.60

 

4.8

 

$

 —



Exercisable at December 31, 2016

 

13,430,734 

 

$

3.89

 

3.8

 

$

 —



 

 

 

 

 

 

 

 

 

 

 



Information About Stock Options Outstanding



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

Options outstanding

 

Options exercisable



 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

average

 

Weighted

 

 

 

Weighted



 

 

 

 

 

 

Number of

 

remaining

 

average

 

Number of

 

average



Range of exercise prices

 

outstanding

 

contractual

 

exercise

 

vested

 

exercise



From

 

To

 

options

 

life (in years)

 

price

 

options

 

price



$

1.72

 

$

1.87

 

3,580,000 

 

8.4

 

$

1.81

 

1,384,165 

 

$

1.79



$

2.03

 

$

2.58

 

3,454,819 

 

5.1

 

$

2.45

 

2,767,527 

 

$

2.48



$

2.69

 

$

4.39

 

4,791,636 

 

3.2

 

$

3.69

 

4,717,469 

 

$

3.70



$

4.59

 

$

5.00

 

3,735,079 

 

3.5

 

$

4.87

 

3,111,329 

 

$

4.86



$

5.20

 

$

7.65

 

1,482,953 

 

3.5

 

$

7.12

 

1,450,244 

 

$

7.16



 

 

 

 

 

 

17,044,487 

 

4.8

 

$

3.60

 

13,430,734 

 

$

3.89



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Weighted Average Fair Value Of Options Granted



 

 

 

 

 

 



 

2016

 

2015

 

2014



Volatility

72%

 

74% to 76%

 

68% to 74%



Risk-free interest rates

1% to 2%

 

1% to 2%

 

1% to 2%



Expected life of option

7 years

 

7 years

 

7 years



Dividend yield

zero

 

zero

 

zero



Forfeiture rate

zero

 

zero

 

zero



Weighted average fair value of stock options granted

$1.60

 

$1.29

 

$2.32



 

 

 

 

 

 



Performance Award activity



 

 



 

Number of Performance Awards

Outstanding as of December 31, 2015

 

1,889,465 

Granted

 

150,000 

Vested Performance Awards

 

(485,000)

Canceled

 

 —

Outstanding as of December 31, 2016

 

1,554,465 



 

 



Summary Of Non-Cash Stock-Based Compensation



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Years ended December 31,



2016

 

2015

 

2014



 

 

 

 

 

 

 

 

Research and development

 

 

 

 

 

 

 

 

Vesting of stock options

$

1,313 

 

$

1,198 

 

$

1,624 

Vesting of Performance Awards

 

438 

 

 

 —

 

 

 —



 

1,751 

 

 

1,198 

 

 

1,624 

General and administrative

 

 

 

 

 

 

 

 

Vesting of stock options

 

2,179 

 

 

2,259 

 

 

2,137 

Vesting of Performance Awards

 

404 

 

 

 —

 

 

 —



 

2,583 

 

 

2,259 

 

 

2,137 

Total non-cash stock-based compensation expenses

 

 

 

 

 

 

 

 

Vesting of stock options

 

3,492 

 

 

3,457 

 

 

3,761 

Vesting of Performance Awards

 

842 

 

 

 —

 

 

 —



$

4,334 

 

$

3,457 

 

$

3,761