Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Key assumptions used in valuing market-based awards The key assumptions used in valuing these market-based awards were as follows:
2019
Risk-free interest rate 2.57  %
Dividend yield —  %
Expected volatility 85.00  %
Company's closing stock price on grant date $ 2.71 
Stock-based compensation expense activity
The following table reflects the outstanding RSAs and activity related thereto for the three months ended March 31, 2019:

Service-based Awards Service and Performance-based Awards Service and Market-based Awards Service, Performance, and Market-based Awards
Number of Shares Weighted-average Grant Date Fair Value Number of Shares Weighted-average Grant Date Fair Value Number of Shares Weighted-average Grant Date Fair Value Number of Shares Weighted-average Grant Date Fair Value
Outstanding at December 31, 2018 632,759  $ 2.72  1,018,500  $ 2.70  1,176,600  $ 1.67  —  $ — 
Shares granted 847,200  2.71  —  —  1,249,500  1.82  1,063,500  0.98 
Shares forfeited (4,802) 3.07  —  —  —  —  —  — 
Shares vested (270,353) 2.97  (339,500) 2.70  (164,206) 1.67  —  — 
Outstanding at March 31, 2019 1,204,804  $ 2.66  679,000  $ 2.70  2,261,894  $ 1.75  1,063,500  $ 0.98 
Stock-based compensation expense
The following has been recorded to stock-based compensation expense for the periods presented:

Three months ended March 31,
(in thousands) 2019 2018
Restricted stock award compensation $ 2,835  $ (832)
Less amounts capitalized in oil and natural gas properties (84) (54)
Total stock-based compensation, net $ 2,751  $ (886)