Quarterly report pursuant to sections 13 or 15(d)

Stock Based Compensation (Tables)

v2.3.0.11
Stock Based Compensation (Tables)
 9 Months Ended
Jul. 01, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

Optex Systems Holdings has granted stock options to officers and employees as follows:

 

Date of Shares  Exercise  Shares Outstanding  Expiration  Vesting 
Grant Granted  Price  As of 07/01/12  Date  Date 
                     
03/30/09  480,981  $0.15         480,981   03/29/2016   03/30/2010 
03/30/09  466,834  $0.15         466,834   03/29/2016   03/30/2011 
03/30/09  466,834  $0.15         466,834   03/29/2016   03/30/2012 
05/14/09  316,750  $0.15         276,000   05/13/2016   05/14/2010 
05/14/09  316,750  $0.15         276,000   05/13/2016   05/14/2011 
05/14/09  316,750  $0.15         276,000   05/13/2016   05/14/2012 
05/14/09  316,750  $0.15         276,000   05/13/2016   05/14/2013 
12/09/11  11,517,500  $0.01     11,492,500   12/08/2018   12/08/2012 
12/09/11  11,517,500  $0.01     11,492,500   12/08/2018   12/08/2013 
12/09/11  11,517,500  $0.01     11,492,500   12/08/2018   12/08/2014 
12/09/11  11,517,500  $0.01     11,492,500   12/08/2018   12/08/2015 
Total  48,751,649         48,488,649       
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the status of Optex Systems Holdings’ aggregate stock options granted under the incentive stock option plan:

 

  Number  Weighted       
  of Shares  Average  Weighted  Aggregate 
  Remaining  Fair  Average  Value 
Subject to Exercise Options  Value  Life (Years)  (Thousands) 
Outstanding as of October 3, 2010  2,598,649  $—   4.13   — 
Granted – 2011  —  $—   —   — 
Forfeited – 2011  (71,000) $—   —   — 
Exercised – 2011  —  $—   —   — 
Outstanding as of October 2, 2011  2,527,649  $—   3.38   — 
Granted – 2012  46,070,000  $0.01   5.94  $322 
Forfeited – 2012  (109,000) $—   —   — 
Exercised – 2012  —  $—   —   — 
Outstanding as of July 1, 2012  48,488,649  $—   4.81   — 
                 
Exercisable as of July 1, 2012  2,242,649  $—   2.2  $— 
Schedule Of Share-Based Compensation,Aggregate Non-Vested Shares Granted Stock Options, Activity [Table Text Block]

The following table summarizes the status of Optex Systems Holdings’ aggregate non-vested shares granted under the 2009 Stock Option Plan:

 

  Number of 
Non- 
vested 
Shares 
Subject to 
Options		  Weighted- 
Average 
Grant- 
Date 
Fair Value		 
Non-vested as of October 3, 2010  1,821,668  $0.15 
Non-vested granted — year ended October 2, 2011  —  $0.00 
Vested —  year ended October 2, 2011  (727,334) $0.12 
Forfeited — year ended October 2, 2011  (71,000) $0.15 
Non-vested as of October 2, 2011  1,023,334  $0.15 
Non-vested granted — nine months ended July 1, 2012  46,070,000  $0.01 
Vested — nine months ended July 1, 2012  (738,334) $— 
Forfeited — nine months ended July 1, 2012  (109,000) $— 
Non-vested as of July 1, 2012  46,246,000  $0.01 
Schedule Of Share-Based Compensation, Warrants, Activity [Table Text Block]

As of July 1, 2012, Optex Systems Holdings had the following warrants outstanding:

 

 Grant Date Warrants 
Granted		  Exercise 
Price		  Outstanding as of 
7/01/12		  Expiration 
Date		  Term 
Private Placement  Stock Holders3/30/2009  8,131,667  $0.450   8,131,667   3/29/2014   5 years 
Finder Fee on Private Placement3/30/2009  717,000  $0.165   717,000   3/29/2014   5 years 
Longview Fund Allonge Agreement1/5/2010  100,000  $0.150   100,000   1/4/2013   3 years 
Peninsula Bank Business Funding - Line of Credit3/4/2010  1,000,000  $0.100   1,000,000   3/3/2016   6 years 
Total Warrants   9,948,667       9,948,667