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

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

As of March 31, 2017, unrecognized share-based compensation expense was as follows:



	Unrecognized Expense		Average Expected Recognition Period
	(in thousands)
Stock option awards	$	50	0.9 years
Restricted stock awards	5,810		2.5 years
Total unrecognized share-based compensation expense	$	5,860	2.5 years

The table below provides stock option information for the three months ended March 31, 2017:



	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value of In-the- Money Options
						(in thousands)
Options outstanding at beginning of period	387,901		$	17.49	6.8 years	$	6,752	⁽¹⁾
Options exercised	(1,000	)	$	12.54	5.7 years	—
Options outstanding at end of period	386,901		$	17.53	6.5 years	$	5,116	⁽²⁾

Options exercisable at end of period	340,561		$	16.86	6.4 years	$	4,730	⁽²⁾


⁽¹⁾	Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $34.90 as of December 31, 2016, 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 $30.75 as of March 31, 2017, 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, 2017:



	Three Months Ended March 31, 2017
	Number of Shares		Weighted- Average Grant Date Fair Value Per Share
Restricted stock at beginning of period	343,958		$	16.60
Restricted stock granted	87,245		31.47
Restricted stock vested	(88,914	)	16.51
Restricted stock forfeited	(5,834	)	21.96
Restricted stock at end of period	336,455		20.39