Stock Ownership Plans

6 Months Ended

Mar. 25, 2012

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

STOCK OWNERSHIP PLANS

A summary of stock option activity during the 26 weeks ended March 25, 2012 follows:



(Thousands of Dollars and Shares, Except Per Share Data)	Shares		Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value

Outstanding, September 25, 2011	1,812		5.06
Cancelled	(49	)	9.45
Outstanding, March 25, 2012	1,763		4.93	7.7	—

Exercisable, March 25, 2012	819		7.81	7.1	—

Total unrecognized compensation expense for unvested stock options as of March 25, 2012 is $1,260,000, which will be recognized over a weighted average period of 1.2 years.

On April 30, 2012, 1,368,000 stock options were issued at an exercise price of $1.13 per share.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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