InfuSystem Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Note 10 - Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

				Weighted
				average
				grant
	Number of			date fair		Aggregate
	shares			value		fair value

Unvested at December 31, 2015		170,832		$	2.09
Granted		-			-
Vested		(64,182	)		1.74	$	236,161
Vested shares forgone to satisfy minimum statutory withholding		(16,484	)		2.81	$	49,592
Forfeitures		(32,833	)		2.18
Unvested at December 31, 2016		57,333			2.21
Granted		-			-
Vested		(15,730	)		0.88	$	83,003
Vested shares forgone to satisfy minimum statutory withholding		(20,811	)		2.80	$	51,304
Forfeitures		(8,333	)		2.60
Unvested at December 31, 2017		12,459		$	2.61

	2017		2016
Compensation expense	$	49,150	$	113,531
Shares of stock sold to employees		68,958		88,109
Weighted average fair value per ESPP award	$	2.21	$	2.73

						Weighted-
						Average
	Number			Weighted-		Remaining		Aggregate
	of Authorized			Average Exercise		Contractual		Intrinsic
2007 Plan (Options)	Shares			Price		Term (in Years)		Value
Outstanding at December 31, 2015		488,332		$	2.31		0.25	$	118,899
Granted		-			-
Exercised		-			-
Exercised shares forgone to satisfy minimum statutory withholding		-			-
Cashless exercise		-			-
Forfeited		-			-
Outstanding at December 31, 2016		488,332		$	2.31		0.25	$	118,899
Granted		-			-
Exercised		(25,037	)		1.51				86,900
Exercised shares forgone to satisfy minimum statutory withholding		(13,245	)		2.32
Cashless exercise		(71,718	)		2.32
Forfeited		(245,000	)		2.83
Outstanding at December 31, 2017		133,332		$	1.99		-	$	40,716
Exercisable at December 31, 2017		133,332		$	1.95

						Weighted-
						Average
	Number			Weighted-		Remaining		Aggregate
	of Authorized			Average Exercise		Contractual		Intrinsic
2014 Plan (Options)	Shares			Price		Term (in Years)		Value
Outstanding at December 31, 2015		970,000		$	2.79		3.58	$	222,200
Granted		600,000		$	2.76		4.60
Exercised		(1,866	)		2.69
Exercised shares forgone to satisfy minimum statutory withholding		(798	)		2.69
Cashless exercise		(12,614	)		2.69
Forfeited		(304,723	)		2.70
Outstanding at December 31, 2016		1,249,999		$	2.80		4.26	$	-
Exercisable at December 31, 2016		616,597		$	2.87
Granted		1,087,500			2.09		3.13
Exercised		-			-
Exercised shares forgone to satisfy minimum statutory withholding		-			-
Cashless exercise		-			-
Forfeited		(374,999	)		2.61
Outstanding at December 31, 2017		1,962,500		$	2.44		3.18	$	-
Exercisable at December 31, 2017		955,868		$	2.69

			Options Outstanding						Options Exercisable
2007 Plan (Options):
Range of Exercise Prices			Number of Shares Outstanding		Weighted-Average Remaining Contractual Life		Weighted-Average Exercise Price		Number of Shares Exercisable		Weighted-Average Exercise Price
$1.76	-	$2.00		91,666		-		1.93		91,666		1.93
$2.01	-	$3.00		41,666		-		2.01		41,666		2.01
Outstanding at December 31, 2017				133,332		-	$	2.31		133,332	$	1.95

			Options Outstanding						Options Exercisable
2014 Plan (Options):
Range of Exercise Prices			Number of Shares Outstanding		Weighted-Average Remaining Contractual Life		Weighted-Average Exercise Price		Number of Shares Exercisable		Weighted-Average Exercise Price
$2.01	-	$3.00		1,962,500		3.18	$	2.44		955,868	$	2.69
Outstanding at December 31, 2017				1,962,500		3.18	$	2.44		955,868	$	2.69

Stock Options:	2017				2016
Expected volatility		30%	to	69%		35%
Risk free interest rate		0.69%	to	2.05%		0.69%
Expected lives at date of grant (in years)			3.93			5.01
Weighted average fair value of options granted			$2.09			$2.76

	2017		2016
Restricted share expense	$	48	$	151
Stock option expense		634		311
Total stock-based compensation expense	$	682	$	462