Cryo-Cell International, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

9 Months Ended

Aug. 31, 2016

Stock Option Activity for Options with Service-Based Vesting Conditions

Stock option activity for options with only service-based vesting conditions for the nine months ended August 31, 2016, was as follows:


				Weighted		Weighted Average
				Average		Remaining		Aggregate
	Shares			Exercise Price		Contractual Term (Years)		Intrinsic Value
Outstanding at November 30, 2015		968, 930		$	2.17		5.01	$	1,095,525
Granted		204,729			3.19				155,830
Exercised		(23,399	)		1.72				51,384
Expired/forfeited		(8,250	)		2.18				14,565

Outstanding at August 31, 2016		1,142,010		$	2.36		5.24	$	1,814,509

Exercisable at August 31, 2016		995,740		$	2.24		4.69	$	1,704,556

Significant Option Groups Outstanding and Exercisable Option and its Price and Contractual Life

Significant option groups outstanding and exercisable at August 31, 2016 and related price and contractual life information are as follows:


	Outstanding					Exercisable
			Weighted Average
			Remaining	Weighted				Weighted
Range of Exercise Prices	Outstanding		Contractual Life (Years)	Average Exercise Price		Outstanding		Average Exercise Price
$1.01 to $2.00		441,781	4.99	$	1.72		441,781	$	1.72
$2.01 to $3.00		473,000	3.76		2.57		473,000		2.57
$3.00 to $4.00		227,229	8.82		3.18		80,959		3.14

		1,142,010	5.24	$	2.36		995,740	$	2.24

Summary of Non-Vested Options

A summary of the status of the Company’s non-vested options as of August 31, 2016, and changes during the nine months ended August 31, 2016, is presented below:


				Weighted Average
				Grant-Date
	Shares			Fair Value
Non-vested at November 30, 2015		15,003		$	1.90

Granted		204,729			1.86
Vested		(73,462	)		1.87
Forfeited		—			—

Non-vested at August 31, 2016		146,270		$	1.86

Service-Based Vesting Condition Options [Member]

Fair Value of Options Granted

Variables used to determine the fair value of the options granted for the three and nine months ended August 31, 2016 and August 31, 2015, respectively, are as follows:


	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	August 31, 2016		August 31, 2015		August 31, 2016		August 31, 2015
Weighted average values:
Expected dividends		0%		0%		0%		0%
Expected volatility		66.09%		75.50%		66.39%		75.50%
Risk free interest rate		1.09%		1.57%		1.22%		1.57%
Expected life		5.0 years		5.0 years		5.6 years		5.0 years