SEQUANS COMMUNICATIONS | CIK:0001383395 | 3

  • Filed: 4/12/2018
  • Entity registrant name: SEQUANS COMMUNICATIONS (CIK: 0001383395)
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    • ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory

    The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, founders warrants, stock options and warrants during the period:
     
     
    December 31,
     
     
    2015
     
    2016
     
    2017
     
     
    Number
     
    WAEP
     
    Number
     
    WAEP
     
    Number
     
    WAEP
    Outstanding at January 1,
     
    6,455,048

     
    $
    3.93

     
    7,428,931

     
    $
    3.58

     
    7,177,500

     
    $
    3.55

    Granted during the year
     
    1,321,850

     
    $
    1.74

     
    643,350

     
    $
    2.07

     
    230,000

     
    $
    3.39

    Forfeited during the year
     
    (325,967
    )
     
    $
    3.01

     
    (317,880
    )
     
    $
    2.97

     
    (336,365
    )
     
    $
    4.75

    Exercised during the year(1)
     
    (22,000
    )
     
    $
    1.70

     
    (187,901
    )
     
    $
    1.53

     
    (431,790
    )
     
    $
    2.28

    Expired during the year
     
    —

     
     
     
    (389,000
    )
     
    $
    3.12

     
    (441,497
    )
     
    $
    3.25

    Outstanding at period end
     
    7,428,931

     
    $
    3.58

     
    7,177,500

     
    $
    3.55

     
    6,197,848

     
    $
    3.59

    Of which, warrants for consultants equivalent to employees
     
    369,798

     
    $
    3.38

     
    404,798

     
    $
    3.23

     
    151,500

     
    $
    3.29

    Exercisable at period end
     
    4,691,741

     
    $
    4.69

     
    5,049,015

     
    $
    4.28

     
    4,900,052

     
    $
    3.90

    Of which, warrants for consultants equivalent to employees
     
    360,798

     
    $
    3.44

     
    360,215

     
    $
    3.41

     
    131,917

     
    $
    3.51

    ________________________
    (1)
    The weighted average share estimated fair value at the dates of exercise of these options was $3.49 in 2017, $2.21 in 2016 and $1.73 in 2015.

    The following table illustrates the number of, and movements in, restricted shares awards (RSA) during the period:
     
     
    December 31,

     
     
    2015
     
    2016
     
    2017
    Outstanding at January 1,
     
    —

     
    —

     
    634,720

    Granted during the year

     
    —

     
    634,720

     
    1,002,650

    Forfeited during the year

     
    —

     
    —

     
    (15,200
    )
    Vested during the year

     
    —

     
    —

     
    (155,004
    )
    Outstanding at period end

     
    —

     
    634,720

     
    1,467,166