Finward Bancorp Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

A summary of the Bancorp’s stock option activity for 2016 and 2015 follows:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2015		750		$	28.50
Granted		-			-
Exercised		-			-
Forfeited or expired		-			-
Outstanding at end of year		750		$	28.50		2.2	$	-
Vested or expected to vest		750		$	28.50		2.2	$	-
Exercisable at December 31, 2015		750		$	28.50		2.2	$	-

Outstanding at January 1, 2016		750		$	28.50
Granted		-			-
Exercised		-			-
Forfeited or expired		(250	)		28.50
Outstanding at end of year		500		$	28.50		1.2	$	5,175
Vested or expected to vest		500		$	28.50		1.2	$	5,175
Exercisable at December 31, 2016		500		$	28.50		1.2	$	5,175

A summary of changes in the Bancorp’s non-vested restricted stock for 2016 and 2015 follows: