W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation and Cash-Based Incentive Compensation (Tables)

9 Months Ended

Sep. 30, 2016

A summary of activity in 2016 related to RSUs is as follows:

For the outstanding RSUs issued to the eligible employees as of September 30, 2016, vesting is expected to occur as follows:

A summary of activity in 2016 related to Restricted Shares is as follows:

For the outstanding Restricted Shares issued to the non-employee directors as of September 30, 2016, vesting is expected to occur as follows:

A summary of incentive compensation expense under share-based payment arrangements and the related tax benefit is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Share-based compensation expense from:
Restricted stock units	$	2,451	$	2,518	$	7,339	$	8,137
Restricted Shares		70		87		303		270
Common shares		—		—		—		(94	)
Total	$	2,521	$	2,605	$	7,642	$	8,313
Share-based compensation tax benefit:
Tax benefit computed at the statutory rate	$	883	$	912	$	2,675	$	2,910