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, 2017

A summary of activity related to RSUs during the nine months ended September 30, 2017 is as follows:

For the outstanding RSUs issued to the eligible employees as of September 30, 2017, vesting is expected to occur as follows:

A summary of activity related to Restricted Shares during the nine months ended September 30, 2017 is as follows:

For the outstanding Restricted Shares issued to the non-employee directors as of September 30, 2017, 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,
	2017		2016		2017		2016
Share-based compensation expense from:
Restricted stock units	$	1,914	$	2,451	$	6,114	$	7,339
Restricted Shares		70		70		210		303
Total	$	1,984	$	2,521	$	6,324	$	7,642
Share-based compensation tax benefit:
Tax benefit computed at the statutory rate	$	694	$	883	$	2,213	$	2,675

A summary of compensation expense related to share-based awards and cash-based awards is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Share-based compensation included in:
General and administrative expenses	$	1,984	$	2,521	$	6,324	$	7,642
Cash-based incentive compensation included in:
Lease operating expense		930		—		1,324		—
General and administrative expenses		2,287		—		3,291		—
Total charged to operating income	$	5,201	$	2,521	$	10,939	$	7,642