VAALCO Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary Of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Compensation (Tables)

v3.3.1.900

Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Compensation [Abstract]

Stock Option Valuation Assumptions



	2015		2014		2013
Weighted average exercise price - ($/share)	$	4.41	$	7.05	$	7.55
Expected life in years		2.5 years		2.5 years		2.5 years
Average expected volatility		61%		58%		51%
Risk-free interest rate		0.88%		0.52%		0.31%
Weighted average grant date fair value - ($/share)	$	1.65	$	2.43	$	2.45

Stock Option Activity



				Weighted
	Number of	Weighted		Average
	Shares	Average		Remaining		Aggregate
	Underlying	Exercise Price		Contractual		Intrinsic
	Options	Per Share		Term		Value
	(in thousands)			(in years)		(in thousands)
Outstanding at January 1, 2015	4,765	$	7.41	2.62
Granted	1,656		4.41	4.26
Exercised	(245)		4.28	-
Forfeited/expired	(2,032)		7.20	1.90
Outstanding at December 31, 2015	4,144		6.41	2.68	$	-
Exercisable at December 31, 2015	2,631		7.10	2.19	$	-

Summary of Non Vested Awards



		Weighted
	Restricted	Average
	Stock	Grant Price
Non-vested shares outstanding at January 1, 2015	147,868	$	6.39
Awards granted	498,009		3.34
Awards vested	(184,755)		4.18
Awards forfeited	(41,234)		5.53
Non-vested shares outstanding at December 31, 2015	419,888		3.83

- References

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Tabular disclosure of the changes in outstanding nonvested shares.

+ References

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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

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-Publisher FASB
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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