Stock-Based Compensation

9 Months Ended

Mar. 26, 2017

Stock-Based Compensation

Stock-Based Compensation

(5)       Stock-Based Compensation

Stock Options

For the three months ended March 26, 2017, and March 27, 2016, the Company recognized stock-based compensation expense related to stock options of $20,000 and $45,000, respectively. For the nine month periods ended March 26, 2017, and March 27, 2016, the Company recognized stock-based compensation expense related to stock options of $70,000 and $135,000, respectively. As of March 26, 2017, unamortized stock-based compensation expense was $0.1 million.

The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:

	Nine Months Ended
<	March 26, 2017	March 27, 2016
Outstanding at beginning of year	847,556	871,798
Granted	50,000	42,786
Exercised	(315,000)	(3,000)
Forfeited/Canceled/Expired	(104,500)	(39,111)
Outstanding at end of period	478,056	872,473
Exercisable at end of period	358,056	563,537

Restricted Stock Units

For the three months ended March 26, 2017 and March 27, 2016, the Company recognized stock-based compensation expense related to restricted stock units in the amount of $33,000 and $0, respectively. For the nine months ended March 26, 2017 and March 27, 2016, the Company recognized stock-based compensation expense related to restricted stock units in the amount of $73,000 and $0, respectively. As of March 26, 2017, unamortized stock-based compensation expense related to restricted stock units was $0.5 million.

A summary of the staus of restricted stock units as of March 26, 2017, and changes during the nine months then ended is presented below:

Number of Restricted Stock Units
Unvested at June 26, 2016	79,620
Granted	536,310
Vested	-
Forfeited	(123,030)
Unvested at March 26, 2017	492,900