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

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

Stock-Based Compensation

6 Months Ended

Jun. 30, 2014

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

The Company granted the following stock-based awards:



	Three Months Ended June 30,		Six Months Ended June 30,
	2014	2013	2014	2013
Stock options	47,500	55,000	47,500	113,500
Restricted stock awards and restricted stock units	87,500	35,000	87,500	35,000

The stock options granted during the six months ended June 30, 2013 included 50,000 non-qualified options granted outside of any shareholder-approved plan to a newly hired senior management level employee as an inducement to accept employment with the Company. The non-qualified options granted outside a shareholder-approved plan were structured to mirror the terms of the options granted under the Company's Second Amended and Restated 2007 Stock Incentive Plan (the "2007 Plan"), a shareholder-approved plan, and are subject to a stock option agreement between the Company and the employee.

On May 20, 2014, the Company’s shareholders approved an amendment to the 2007 Plan to increase the number of shares authorized under the plan by 500,000 to a total of 2,230,320 shares.

The Company recognized the following amounts related to its share-based payment arrangements (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Stock-based compensation cost charged against income, before income tax benefit:
Stock options	$	207	$	219	$	415	$	525
Restricted stock and restricted stock units	228		134		369		275
Total stock-based compensation	$	435	$	353	$	784	$	800
	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Stock-based compensation cost included in:
Cost of revenues	$	11	$	5	$	18	$	11
Operating expenses	424		348		766		789
Total stock-based compensation	$	435	$	353	$	784	$	800

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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