Fortress Biotech, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock Plans and Stock-Based Compensation (Tables)

Stock Plans and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Assumptions used to calculate fair value for stock based awards

The following assumptions were used:

	2013	2012
Stock option plans
Exercise price	$1.71$9.21	$4.75$7.84
Expected stock price volatility	81.3%112.7%	87.3%114.3%
Risk free rate of interest	1.01%3.04%	0.16%2.23%
Expected life of options	6 years10 years	2 years10 years

Components of Stock-Based Compensation Expenses

The following table summarizes the stock-based compensation expense from stock option, employee stock purchase programs and restricted common stock awards and warrants for the years ended December 31, 2013, 2012 and 2011, and from the period June 28, 2006 (Date of Inception) December 31, 2013:

							Period from
							June 28, 2006
							(Date of Inception) to
	2013		2012		2011		December 31, 2013
($ in thousands)
Employee awards	$	4,867	$	2,408	$	520	$	8,072
Non-employee awards		897		664		662		4,310
Non-employee warrants		138		566		287		1,032
Total compensation expense	$	5,902	$	3,638	$	1,469	$	13,414

Summary of Stock Option Activity

The following table summarizes stock option activity:

	Outstanding Options					Weighted
	Number of Shares	Weighted Average Exercise Price		Total Weighted Average Intrinsic Value		Average Remaining Contractual Life (in years)
($ in thousands except per share amounts)
Outstanding at December 31, 2012	2,519,070	$	3.37	$	2,860	8.54
Options granted	2,466,590	$	5.34
Options exercised	(550,157)	$	1.76		478
Options cancelled/forfeited	(1,317,726)	$	5.51
Outstanding at December 31, 2013	3,117,777	$	4.31	$		8.36
Options vested and expected to vest	3,117,777	$	4.31	$		8.36
Options vested and exercisable	2,169,444	$	3.75	$		7.87

Nonvested Restricted Stock Shares Activity

The following table summarizes restricted stock activity:

	Restricted Stock
		Weighted
		Average Grant
	Number of	Date
	Shares	Fair Value
Unvested balance at December 31, 2012		$
Restricted stock granted	3,958,692		1.93
Restricted stock vested
Restricted stock forfeited

Unvested balance at December 31, 2013	3,958,692	$	1.93