STOCK BASED COMPENSATION

12 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION

The Company sponsors the Sharps Compliance Corp. 2010 Stock Plan (the “2010 Plan”) covering employees, consultants and non-employee directors. The 2010 Plan provides for the granting of stock-based compensation (stock options or restricted stock) of up to 3,000,000 shares of the Company’s common stock of which 354,621 options and restricted shares are outstanding as of June 30, 2021. Options granted generally vest over a period of four years and expire seven years after the date of grant. Restricted stock generally vests over one year. As of June 30, 2021, there were 956,089 shares available for grant under the 2010 Plan.

The summary of activity for all restricted stock during the fiscal years ended June 30, 2021, 2020 and 2019  is presented in the table below (in thousands):

	Year ended June 30,
	2021	2020	2019
Unvested at beginning of the year	22	13	13
Granted	75	80	63
Vested	(83)	(71)	(55)
Forfeited	—	—	(8)
Unvested at end of the year	14	22	13

The weighted average fair value per share of restricted stock granted during the fiscal years ended June 30, 2021, 2020 and 2019 was $7.53, $4.31 and $3.53, respectively. The weighted average fair value per share of restricted stock which vested during the fiscal years ended June 30, 2021, 2020 and 2019 was $6.74, $4.12 and $3.69, respectively.

The summary of activity for all stock options during the fiscal years ended June 30, 2021, 2020 and 2019 is presented in the table below (in thousands except per share amounts):

	Options Outstanding	Weighted Average Exercise Price
Options Outstanding at June 30, 2018	920	$	4.57
Granted	578	$	3.73
Forfeited or canceled	(218)	$	4.16
Options Outstanding at June 30, 2019	1,280	$	4.26
Granted	82	$	6.74
Exercised	(154)	$	4.32
Forfeited or canceled	(63)	$	3.95
Options Outstanding at June 30, 2020	1,145	$	4.45
Granted	27	$	7.57
Exercised	(712)	$	4.44
Forfeited or canceled	(119)	$	6.61
Options Outstanding at June 30, 2021	341	$	3.96
Options Exercisable at June 30, 2021	33	$	4.85

The following table summarizes information about stock options outstanding as of June 30, 2021 (in thousands except per share amounts):

	Options Outstanding
Range of Exercise Price	Outstanding as of  June 30, 2021	Weighted Average Remaining Life  (in Years)	Weighted Average Exercise Price
$2.51 - $3.75	35	4.42	$	3.26
$3.76 - $5.00	294	4.38	$	3.93
$5.01 - $7.50	12	1.81	$	6.68
	341		$	3.96

The following table summarizes information about stock options exercisable as of June 30, 2021 (in thousands except per share amounts):

	Options Exercisable
Range of Exercise Price	Exercisable as of  June 30, 2021	Weighted Average Remaining Life  (in Years)	Weighted Average Exercise Price
$2.51 - $3.75	10	4.42	$	3.26
$3.76 - $5.00	13	1.92	$	4.56
$5.01 - $7.50	10	1.15	$	6.75
	33		$	4.85

As of June 30, 2021, there was $0.3 million of stock option and restricted stock compensation expense related to non-vested awards. This expense is expected to be recognized over a weighted average period of 1.54 years.