Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.3
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [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 nine months ended September 30, 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    —    —    1,254,000    1.82    1,068,000    0.98   
Shares forfeited (32,402)   2.76    (4,000)   2.70    (416,033)   1.68    —    —   
Shares vested (896,221)   2.82    (639,500)   2.70    (264,203)   1.67    —    —   
Outstanding at September 30, 2019 551,336    $ 2.56    375,000    $ 2.70    1,750,364    $ 1.78    1,068,000    $ 0.98   
Stock-based compensation expense
The following has been recorded to stock-based compensation expense for the periods presented:

Three Months Ended September 30, Nine Months Ended September 30,
(In thousands) 2019 2018 2019 2018
Restricted stock award compensation $ (8)   $ 1,655    $ 4,577    $ 2,342   
Less amounts capitalized in oil and natural gas properties (106)   (142)   (296)   (250)  
Total stock-based compensation, net $ (114)   $ 1,513    $ 4,280    $ 2,092