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

Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Unrecognized Share-Based Compensation Expense

As of March 31, 2015, unrecognized share-based compensation expense was as follows:


			Average Expected
	Unrecognized		Recognition
	Expense		Period
	(In thousands)
Stock option awards	$	1,137		1.6 years
Restricted stock awards		2,360		2.0 years

Total unrecognized share-based compensation expense	$	3,497		1.8 years

Summary of Stock Options Outstanding under Plans

The table below provides stock option information for the three months ended March 31, 2015:


				Weighted-		Weighted-		Aggregate
				Average		Average		Intrinsic
				Exercise		Remaining		Value of
	Number of			Price Per		Contractual		In-the-Money
	Shares			Share		Life		Options
	(In thousands, except share and per share data)
Options outstanding at beginning of period		603,872		$	23.78		8.3 years	$	2,853	⁽¹⁾
Options exercised		(19,581	)	$	14.20		8.0 years
Options forfeited		(501	)	$	12.54		7.7 years
Options expired		(125	)	$	144.00		1.1 years

Options outstanding at end of period		583,665		$	24.09		8.0 years	$	2,383	⁽²⁾

Options exercisable at end of period		205,058		$	35.12		6.8 years	$	1,158	⁽²⁾

⁽¹⁾

Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $21.81 as of December 31, 2014, 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 $21.15 as of March 31, 2015, 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, 2015:


	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Restricted stock at beginning of period		173,222		$	19.58
Restricted stock granted		3,850		$	20.33
Restricted stock vested		(2,000	)	$	24.45

Restricted stock at end of period		175,072		$	19.55