Ring Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK AWARD PLAN (Tables)

EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK AWARD PLAN (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

Following is a table reflecting the issuances during 2016 and 2017 and their related exercise prices (No options were granted in 2018):

Grant date	# of options		Exercise price
January 13, 2016 (1)		241,000	$	5.25
May 3, 2016		15,000		6.42
December 13, 2016		582,500		11.75

April 20, 2017		7,500	$	11.70

		846,000

Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the stock options as of December 31, 2018, 2017 and 2016 and changes during the years ended December 31, 2018, 2017 and 2016 is as follows:

	2018					2017					2016
	Options			Weighted- Average Exercise Price		Options			Weighted- Average Exercise Price		Options			Weighted- Average Exercise Price
Outstanding at beginning of the year		3,193,000		$	5.90		3,362,350		$	5.90		2,881,750		$	5.07
Issued		-			-		7,500			11.70		838,500			9.79
Forfeited or rescinded		(249,000	)		6.09		(11,450	)		10.12		(331,400	)		8.62
Exercised		(193,000	)		2.96		(165,400	)		2.63		(26,500	)		4.41

Outstanding at end of year		2,751,000		$	6.28		3,193,000		$	6.07		3,362,350		$	5.90

Exercisable at end of year		2,323,900		$	5.42		2,091,900		$	4.85		1,722,850		$	4.01

Weighted average fair value of
options granted during the year				$	-				$	9.14				$	9.72

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following are the Black-Scholes weighted-average assumptions used for options granted during the periods ended December 31, 2017 and 2016:

	Risk free interest rate			Expected life (years)		Dividend yield		Volatility

January 13, 2016		1.51	%		6.5		-		100	%
May 3, 2016		1.25	%		6.5		-		99	%
December 13, 2016		1.92	%		6.5		-		96	%

April 20, 2017		1.78	%		6.5		-		94	%

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table summarizes information related to the Company’s stock options outstanding at December 31, 2018:

		Options Outstanding
Exercise price		Number Outstanding		Weighted- Average Remaining Contractual Life (in years)		Number Exercisable
	2.00		395,000		2.92		395,000
	4.50		1,340,000		3.62		1,340,000
	5.50		5,000		4.00		5,000
	7.50		4,000		4.20		4,000
	10.00		90,000		4.48		90,000
	14.54		10,000		4.96		8,000
	8.00		277,500		5.73		221,600
	8.25		50,000		6.94		30,000
	6.42		15,000		7.34		6,000
	11.75		557,000		7.95		222,800
	11.70		7,500		8.30		1,500

			2,751,000		4.96		2,323,900

Nonvested Restricted Stock Shares Activity [Table Text Block]

Following is a table reflecting the restricted stock grants during 2017 and 2018. No restricted stock was granted during 2016 or outstanding as of December 31, 2016.

Grant date	# of shares of restricted stock
December 19, 2017		330,900
April 4, 2018		2,000
September 27, 2018		2,500
December 26, 2018		615,380

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

A summary of the status of restricted stock grants as of December 31, 2018 and 2017 and changes during the years ended December 31, 2018 and 2017 is as follows:

	2018					2017
	Restricted stock			Weighted- Average Grant Date Fair Value		Restricted stock		Weighted- Average Grant Date Fair Value
Outstanding at beginning of the year		330,900		$	13.44		-	$	-
Granted		619,880			4.82		330,900		13.44
Forfeited or rescinded		(7,800	)		13.44		-		-
Vested		(64,620	)		-		-		-

Outstanding at end of year		878,360		$	13.44		330,900	$	13.44