Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.1.9
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Total Stock-Based Compensation Expense Related to Share-Based Awards under the Pieris Plan

Total stock-based compensation expense, related to all share-based awards under the Pieris Plan to executive officers, directors, employees and consultants recognized during the year ended 2014, was comprised of the following:

 

     December 31,
2014		  

Research and Development

    $ 7,623   

General and administrative

      563,759   
  

 

 

  

Total stock-option expense

 $ 571,382   
  

 

 

  
Schedule of Weighted-Average Assumptions Used for Calculating Value of Options Granted

The fair value of option grants was estimated using the Black-Scholes model. The following table describes the weighted-average assumptions used for calculating the value of options granted for the year ended December 31, 2014:

 

     2014  

Dividend yield

      0.0 % 

Expected volatility

      74.66 % 

Weighted average risk-free interest rate

      1.77 % 

Expected term

      5.6-5.8 years   
Schedule of Information Regarding Stock Option Activity

A summary of the Company’s stock option activity and related information is as follows:

 

     Number of
shares		      Weighted-
Average
Exercise
Price		      Weighted-
Average
Contractual
Life		  

Outstanding at December 31, 2013

      —         $ —           —     

Options granted

      2,519,500       $ 2.00         5.6-5.8 years   

Options exercised

      —           —           —     

Options canceled or expired

      —           —           —     

Outstanding at December 31, 2014

      2,519,500       $ 2.00         5.6-5.8 years   

Vested or expected to vest at December 31, 2014

      423,750       $ 2.00         —     

Exercisable at December 31, 2014

      —         $ —           —