Current report filing

Share based compensation (Tables)

v3.5.0.2
Share based compensation (Tables)
 6 Months Ended
Dec. 31, 2015
Share based compensation  
Summary of vesting information

 

The following table shows the total share-based compensation expense included in the Consolidated statement of operations (thousands):

 

 

Six months ended
December 31,
2015

 

Year ended
June 30,
2015

 

Year ended
June 30,
2014

 

Year ended
June 30,
2013

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$
1,587 

 

$
5,426 

 

$
121 

 

$
101 

 

General and administrative

 
1,981 

 
1,652 

 
211 

 
77 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
3,568 

 

$
7,078 

 

$
332 

 

$
178 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of all stock option activity

 

 

Options

 

Weighted
Average
Exercise Price
Per Option

 

Average
Remaining
Contractual
Term (Years)

 

Aggregate
Intrinsic Value
(thousands)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2015

 
31,473,477

 

$
0.63

 

 

 

 

 

Changes during the period:

 

 

 

 

 

 

 

 

 

Forfeited

 
(270,000

)

$
0.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2015

 
31,203,477

 

$
0.63

 
8.8

 

$
44,010

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2015

 
7,785,415

 

$
0.60

 
8.0

 

$
11,293

 

 

 

 

Options

 

Weighted
Average
Exercise Price
Per Option

 

Average
Remaining
Contractual
Term (Years)

 

Aggregate
Intrinsic Value
(thousands)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at July 1, 2014

 
10,057,700

 

$
0.19

 

 

 

 

 

Changes during the period:

 

 

 

 

 

 

 

 

 

Granted

 
21,779,577

 

$
0.84

 

 

 

 

 

Forfeited

 
(363,800

)

$
0.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2015

 
31,473,477

 

$
0.63

 
9.1

 

$
75,801

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2015

 
5,199,615

 

$
0.62

 
8.1

 

$
12,636

 

 

Summary of the assumptions used to estimate the fair values of the share options granted using the Black-Scholes option-pricing model

 

 

Year ended
June 30,
2015

 

Year ended
June 30,
2014

 

Year ended
June 30,
2013

 

 

 

 

 

 

 

 

 

Expected term (years)

 

5 years

 

5 years

 

5 years

 

Expected volatility

 
60% 

 
60% 

 
60% 

 

Risk free rate

 

1.04-1.54%

 
1.73% 

 
0.89% 

 

Expected dividend yield

 
0% 

 
0% 

 
0%