Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The following table summarizes share-based compensation (in thousands):



	Three Months Ended				Nine Months Ended
	December 31, 2014		December 31, 2013		December 31, 2014		December 31, 2013
Share-based compensation:
Cost of revenue	$	362	$	509	$	1,109	$	1,560
Research and development	600		862		1,983		2,638
Sales and marketing	830		994		2,627		3,148
General and administrative	1,126		1,056		2,936		2,922
	$	2,918	$	3,421	$	8,655	$	10,268
Share-based compensation by type of award:
Stock options	$	153	$	207	$	464	$	647
Restricted stock	2,584		2,923		7,597		8,629
Stock purchase plan	181		291		594		992
	$	2,918	$	3,421	$	8,655	$	10,268

Schedule of weighted-average grant date fair values and the assumptions used in calculating fair values

The weighted-average grant date fair values and the assumptions used in calculating fair values for the nine month periods ended December 31, 2014 and 2013 were as follows:



	Nine Months Ended
	December 31, 2014			December 31, 2013
Option life (in years)	0.5			0.5
Risk-free interest rate	0.06		%	0.07		%
Stock price volatility	32.19		%	47.65		%
Weighted-average grant date fair value	$	0.30		$	0.47

Summary of activity relating to stock options

A summary of activity relating to our stock options follows (options and aggregate intrinsic value in thousands):



	Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding as of March 31, 2014	7,997		$	1.78
Exercised	(684	)	0.97
Forfeited	(109	)	2.19
Expired	(2,018	)	2.84
Outstanding as of December 31, 2014	5,186		$	1.46	1.92	$	2,709
Vested and expected to vest at December 31, 2014	5,185		$	1.46	1.92	$	2,709
Exercisable as of December 31, 2014	5,078		$	1.44	1.89	$	2,709

Summary of activity relating to restricted stock

A summary of activity relating to our restricted stock follows (shares in thousands):



	Shares		Weighted-Average Grant Date Fair Value
Nonvested at March 31, 2014	12,108		$	1.80
Granted	10,282		1.24
Vested	(5,540	)	2.17
Forfeited	(767	)	1.53
Nonvested at December 31, 2014	16,083		$	1.33

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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