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

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2019

As of March 31, 2019, unrecognized share-based compensation expense was as follows:



	Unrecognized Expense		Average Expected Recognition Period
	(in thousands)
Restricted stock awards	$	3,315	1.8 years

The table below provides stock option information for the three months ended March 31, 2019:



	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	338,338		$	17.52	4.9 years	$	1,213	⁽¹⁾
Options exercised	(650	)	$	12.54	3.9 years	5
Options outstanding at end of period	337,688		$	17.53	4.6 years	$	1,356	⁽²⁾

Options exercisable at end of period	337,688		$	17.53	4.6 years	$	1,356	⁽²⁾


⁽¹⁾	Intrinsic value represents the excess of the closing stock price on the last trading day of the period, which was $19.70 as of December 31, 2018, 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 $21.27 as of March 31, 2019, over the exercise price, multiplied by the number of options.

The table below provides information for restricted stock awards for the period indicated:



	Three Months Ended March 31, 2019
	Number of Shares		Weighted- Average Grant Date Fair Value Per Share
Restricted stock at beginning of period	304,595		$	21.98
Restricted stock granted	1,670		$	19.84
Restricted stock vested	(69,170	)	$	27.99
Restricted stock forfeited	(50,801	)	$	12.10
Restricted stock at end of period	186,294		$	22.31