Note 4 - Stock-Based Compensation

9 Months Ended

Jan. 28, 2012

Note 4 - Stock-Based Compensation Disclosure

Note 4 - Stock-Based Compensation

4.  STOCK-BASED COMPENSATION

During the nine months ended January 28, 2012, options to purchase 3,000 shares of common stock were granted (weighted average exercise price of $6.14 per share), options to purchase 48,100 shares were exercised (weighted average exercise price of $2.08 per share), and options to purchase 12,660 shares were cancelled (weighted average exercise price of $9.34 per share).  At January 28, 2012, options to purchase 543,860 shares (weighted average exercise price of $7.30 per share) were outstanding and stock-based awards to purchase 2,960,944 shares of common stock were available for grant.