Hanmi Financial Corporation Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Unrecognized Share-Based Compensation Expense

As of March 31, 2014, unrecognized share-based compensation expense was as follows:


	Unrecognized Expense		Average Expected Recognition Period
	(In thousands)
Stock option awards	$	1,369		2.2 years
Restricted stock awards		1,650		2.5 years

Total unrecognized share-based compensation expense	$	3,019		2.3 years

Summary of Stock Options Outstanding under Plans

The table below provides stock option information for the three months ended March 31, 2014:


	Number of Shares			Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life		Aggregate Intrinsic Value of In-the- Money Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		546,595		$	28.09		8.4 years	$	3,384	⁽¹⁾
Options exercised		(15,195	)	$	12.54		8.7 years
Options forfeited		(1,375	)	$	12.54		8.7 years
Options expired		(27,837	)	$	105.53		.7 years

Options outstanding at end of period		502,188		$	24.31		8.6 years	$	3,873	⁽²⁾

Options exercisable at end of period		111,938		$	54.80		6.3 years	$	855	⁽²⁾

⁽¹⁾

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $21.89 as of December 31, 2013, over the exercise price, multiplied by the number of options.

⁽²⁾

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $23.30 as of March 31, 2014, over the exercise price, multiplied by the number of options.

Schedule of Restricted Stock Awards under 2013 Plan

The table below provides information for restricted stock awards for the three months ended March 31, 2014:


	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Restricted stock at beginning of period		116,082		$	16.43
Restricted stock granted		18,000		$	22.89
Restricted stock vested		(12,000	)	$	22.11

Restricted stock at end of period		122,082		$	16.82