Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v3.8.0.1
Equity (Tables)
 12 Months Ended
Dec. 31, 2017
Stockholders Equity Note [Abstract]  
Schedule of Issued Shares of Class A common stock Under 2009 Long-Term Incentive Plan

During 2017, 2016 and 2015, we issued shares of our Class A common stock as shown in the table below under our 2009 Long-Term Incentive Plan (the “Plan”). We recorded the shares issued to our directors at their estimated fair value based on the market’s closing price of our stock on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered.

 

 

 

For the Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Shares issued to independent directors for services

   rendered, in lieu of cash compensation

 

 

2,430

 

 

 

18,638

 

 

 

16,887

 

Shares issued to employees upon exercise of stock

   options

 

 

15,000

 

 

 

19,060

 

 

 

33,825

 

 
Class A Common Shares Reserved for Future Issuance

As of December 31, 2017, we had the following Class A common shares reserved for future issuance:

 

Conversion of Class B common shares

 

 

5,400,000

 

Awards under the Plan:

 

 

 

 

Stock options outstanding

 

 

567,100

 

Restricted stock units outstanding

 

 

869,248

 

Total shares reserved for future issuance

 

 

6,836,348