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

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2014

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

	Three Months Ended
	June 30, 2014		June 30, 2013
Share-based compensation:
Cost of revenue	$	414	$	528
Research and development		780		868
Sales and marketing		910		1,074
General and administrative		964		886
	$	3,068	$	3,356

Share-based compensation by type of award:
Stock options	$	157	$	232
Restricted stock		2,698		2,738
Stock purchase plan		213		386
	$	3,068	$	3,356

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	(134	)		0.85
Forfeited	(58	)		1.39
Expired	(1,223	)		2.95
Outstanding as of June 30, 2014	6,582		$	1.58	2.14	$	949
Vested and expected to vest at June 30, 2014	6,572		$	1.58	2.14	$	949
Exercisable as of June 30, 2014	6,311		$	1.54	2.08	$	949

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	299			1.21
Vested	(365	)		1.87
Forfeited	(128	)		1.80
Nonvested at June 30, 2014	11,914		$	1.78