Stockholders' equity |
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stockholders' equity |
1 0 . Stockholders’ equity Warrants The activity related to warrants during for the three months ended September 30, 2020, is summarized as follows:
Equity Incentive Plan Employee Share Option Plan Upon the
re-domiciliation, the Company assumed BBL’s obligations with respect to the settlement of options that were issued by BBL prior to the re-domiciliation pursuant to the Benitec Officers’ and Employees’ Share Option Plan (the “Plan”). This includes the Company’s assumption of the Plan and all award agreements pursuant to which each of the options were granted. Each option when exercised entitles the option holder to one share in the Company. Options are exercisable on or before an expiry date, do not carry any voting or dividend rights and are not transferable except on death of the option holder or in certain other limited circumstances. Employee options vest one third on each anniversary of the applicable grant date for three years. If an employee dies, retires or otherwise leaves the Company and certain exercise conditions have been satisfied, generally, the employee has 12 months to exercise their options or the options are cancelled. After the re-domiciliation, no new options have been or will be issued under the Plan. Current options on issue are under the BBL plan. From time to time, BBL issued employee’s options to acquire shares in the Company at a fixed price. Each option when exercised entitles the option holder to one share of common stock of the Company. Options are exercisable on or before an expiry date, do not carry any voting or dividend rights and are not transferable except on death of the option holder. Employee options vest one third on each anniversary for three years. If an employee leaves the Company, they have 90 days to exercise their options or the options are cancelled.Equity Awards The activity related to equity awards, which comprised of stock options during the three months ended September 30, 2020, is summarized as follows:
Share-Based Compensation Expense The classification of share-based compensation expense for the three months ended:
As of September 30, 2020, there was $119,000 of unrecognized share-based compensation expense related to stock options issued under the Share Plan. |