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)

6 Months Ended

Jun. 30, 2014

A summary of the Company’s stock option activity for the six months ended June 30, 2014 was as follows:

	Options			Weighted-Average Exercise Price
Outstanding at December 31, 2013		106,544		$	28.90
Granted		205,392		$	6.25
Exercised		-			-
Cancelled		(10,447	)	$	8.54
Outstanding at June 30, 2014		301,489		$	14.17
Exercisable at June 30, 2014		193,225		$	18.07
Vested and expected to vest at June 30, 2014		295,448		$	14.33

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 six months ended June 30, 2014:

Weighted-average risk-free interest rate	2.69	%
Weighted-average expected life (in years)	9.9
Expected dividend yield	0	%
Weighted-average expected volatility	45	%

Summary of Restricted Stock Unit Activity

Restricted stock unit (“RSU”) activity for the six months ended June 30, 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		(33,232	)	$	7.84
Unvested at June 30, 2014		1,827,516		$	6.09

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 June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Cost of revenue	$	213	$	2	$	215	$	2
Research and development		712		41		799		53
General and administrative		4,625		4		5,477		34
Selling and marketing		1,291		231		1,711		235
Capitalized into inventory		579		19		622		19
Total stock-based compensation expense	$	7,420	$	297	$	8,824	$	343

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

Unrecognized stock-based compensation for stock options and RSUs at June 30, 2014 was as follows (in thousands):

			Weighted
			Average
	Unrecognized		Remaining Period
	Stock-Based		of Recognition
	Compensation		(in years)
Stock options	$	335		2.2
RSUs		3,468		0.1
Total unrecognized stock-based compensation at June 30, 2014	$	3,803

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	%