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

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

6 Months Ended

Jun. 30, 2017

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

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

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

For the outstanding Restricted Shares issued to the non-employee directors as of June 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				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Share-based compensation expense from:
Restricted stock units	$	2,342	$	2,439	$	4,200	$	4,888
Restricted Shares		70		146		140		233
Total	$	2,412	$	2,585	$	4,340	$	5,121
Share-based compensation tax benefit:
Tax benefit computed at the statutory rate	$	844	$	904	$	1,519	$	1,792

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Share-based compensation included in:
General and administrative expenses	$	2,412	$	2,585	$	4,340	$	5,121
Cash-based incentive compensation included in:
Lease operating expense		394		—		394		364
General and administrative expenses		1,004		—		1,004		(233	)
Total charged to operating income	$	3,810	$	2,585	$	5,738	$	5,252