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Note 9 - Stock Options and Incentive Plans
3 Months Ended
Jul. 31, 2019
Notes to Financial Statements  
Share-based Payment Arrangement [Text Block]
9.
Stock Options and Incentive Plans:
 
In
November 2016,
the shareholders approved and adopted the Butler National Corporation
2016
Equity Incentive Plan. The maximum number of shares of common stock that
may
be issued under the Plan is
12.5
million.
 
On
April 12, 2019,
the Company granted
2.5
million restricted shares to employees. These shares have voting rights at date of grant and become fully vested and nonforfeitable on
April 11, 2024.
The restricted shares were valued at
$0.38
per share, for a total of
$950.
The deferral compensation of
$950
will be expensed on the financial statements over the
five
year vesting period.
No
other equity awards have been made under the plan.
 
For the
three
months ended
July 31, 2019
and
July 31, 2018,
the company expensed
$47
and
$0,
respectively.