Note 6 - Stock-Based Compensation

3 Months Ended

Aug. 25, 2013

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

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

6.            Stock-Based Compensation

In the three months ended August 25, 2013, the Company recognized stock-based compensation expense of $278,000 or $0.01 per basic and diluted share, which included $170,000 for restricted stock unit awards and $108,000 for stock option grants. In the three months ended August 26, 2012, the Company recognized stock-based compensation expense of $348,000 or $0.01 per basic and diluted share, which included $157,000 for restricted stock unit awards and $191,000 for stock option grants.

The following table summarizes the stock-based compensation by income statement line item:

	Three Months  Ended August 25, 2013		Three Months Ended August 26, 2012
Research and development	$	14,000	$	110,000
Sales, general and administrative		264,000		238,000
Total stock-based compensation	$	278,000	$	348,000

As of August 25, 2013, there was $3.1 million of total unrecognized compensation expense related to unvested equity compensation awards granted under the Landec incentive stock plans. Total expense is expected to be recognized over the weighted-average period of 2.7 years for stock options and 2.3 years for restricted stock unit awards.