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

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2018

As of March 31, 2018, unrecognized share-based compensation expense was as follows:



	Unrecognized Expense		Average Expected Recognition Period
	(in thousands)
Stock option awards	$	4	0.2 years
Restricted stock awards	6,073		2.0 years
Total unrecognized share-based compensation expense	$	6,077	2.2 years

The table below provides stock option information for the three months ended March 31, 2018:



	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	364,088		$	17.86	5.9 years	$	4,548	⁽¹⁾
Options exercised	(25,750	)	$	22.06	5.9 years	—
Options outstanding at end of period	338,338		$	17.54	5.5 years	$	4,469	⁽²⁾

Options exercisable at end of period	329,003		$	17.37	5.4 years	$	4,625	⁽²⁾


⁽¹⁾	Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $30.35 as of December 31, 2017, 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, 2018, 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, 2018:



	Three Months Ended March 31, 2018
	Number of Shares		Weighted- Average Grant Date Fair Value Per Share
Restricted stock at beginning of period	317,783		$	21.09
Restricted stock granted	97,724		24.08
Restricted stock vested	(52,913	)	26.86
Restricted stock forfeited	(38,498	)	9.97
Restricted stock at end of period	324,096		22.38