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

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

As of March 31, 2016, unrecognized share-based compensation expense was as follows:



	Unrecognized Expense		Average Expected Recognition Period
	(in thousands)
Stock option awards	$	389	1.0 year
Restricted stock awards	5,162		2.5 years
Total unrecognized share-based compensation expense	$	5,551	2.4 years

The table below provides stock option information for the three months ended March 31, 2016:



	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	510,148		$	24.38	7.3 years	$	3,219	⁽¹⁾
Options exercised	(22,209	)	$	15.35	6.9 years	—
Options forfeited	(125	)	$	144.00	0.1 years	—
Options expired	(3,375	)	$	168.04	0.7 years	—
Options outstanding at end of period	484,439		$	23.76	7.1 years	$	2,303	⁽²⁾

Options exercisable at end of period	307,751		$	26.44	6.7 years	$	1,734	⁽²⁾


⁽¹⁾	Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $23.72 as of December 31, 2015, 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 $22.02 as of March 31, 2016, over the exercise price, multiplied by the number of options.

The table below provides information for restricted stock awards for the three months ended March 31, 2016:



	Three Months Ended March 31, 2016
	Number of Shares		Weighted- Average Grant Date Fair Value Per Share
Restricted stock at beginning of period	136,795		$	20.74
Restricted stock granted	254,431		$	14.33
Restricted stock vested	(2,699	)	$	22.29
Restricted stock forfeited	(667	)	$	22.25
Restricted stock at end of period	387,860		$	16.52