SINTX Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

A summary of the Company’s stock option activity for the three months ended March 31, 2014 was as follows:

	Options		Weighted-Average Exercise Price
Outstanding at December 31, 2013		106,544	$	28.90
Granted		170,392	$	6.12
Exercised		-		-
Cancelled		-		-
Outstanding at March 31, 2014		276,936	$	14.88
Exercisable at March 31, 2014		201,401	$	17.48
Vested and expected to vest at March 31, 2014		271,483	$	15.04

Schedule of Black-Scholes-Merton Option Pricing Model

The following assumptions were used in the Black-Scholes-Merton valuation model related to non-employee stock options granted during the three months ended March 31, 2014:

Weighted-average risk-free interest rate	2.78	%
Weighted-average expected life (in years)	10.0
Expected dividend yield	0	%
Weighted-average expected volatility	45	%

Summary of Restricted Stock Unit Activity

Restricted stock unit (“RSU”) activity for the three months ended March 31, 2014 was as follows:

	Number of Awards			Weighted-Average Grant Date Fair Value
Unvested at December 31, 2013		168,832		$	14.36
Granted		1,730,714		$	5.75
Vested		(38,798	)	$	5.75
Forfeited		(19,847	)	$	8.96
Unvested at March 31, 2014		1,840,901		$	6.10

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

Total stock-based compensation expense included in the consolidated statements of operations and comprehensive loss was allocated as follows (in thousands):

	Three Months Ended March 31,
	2014		2013
Cost of revenue	$	2	$	-
Research and development		87		12
General and administrative		852		30
Selling and marketing		420		4
Capitalized into inventory		43		-
Total stock-based compensation expense	$	1,404	$	46

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]

Unrecognized stock-based compensation for stock options and RSUs at March 31, 2014 was as follows (in thousands):

			Weighted
			Average
	Unrecognized		Remaining Period
	Stock-Based		of Recognition
	Compensation		(in years)
Stock options	$	551		1.8
RSUs		10,877		0.4
Total unrecognized stock-based compensation at March 31, 2014	$	11,428

Employee Stock Option

Schedule of Black-Scholes-Merton Option Pricing Model

Weighted-average risk-free interest rate	1.84	%
Weighted-average expected life (in years)	6.30
Expected dividend yield	0	%
Weighted-average expected volatility	48	%