Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.5.0.2
Stock Based Compensation (Tables)
 9 Months Ended
Jun. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options granted to officers and employees

As of June 26, 2016, 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 6/26/16     Date   Period
                           
12/09/11     46,070     $ 10.00       35,350     12/08/2018   4 years
12/19/13     25,000     $ 10.00       25,000     12/18/2020   4 years
Total     73,752               60,350          
Schedule of aggregate stock options granted under the incentive stock option plan

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 September 28, 2014     62,912     $ —       3.41     $ —  
Granted – 2015     —                          
Forfeited – 2015     (54 )                     —  
Exercised – 2015     —                       —  
Outstanding as of September 27, 2015     62,858     $ —       2.32     $ —  
Granted – 2016     —                          
Forfeited – 2016     (2,508 )                     —  
Exercised – 2016     —                       —  
Outstanding as of June 26, 2016     60,350     $ —       1.67     $ —  
                                 
Exercisable as of September 27, 2015     40,266     $ —       1.45     $ —  
                                 
Exercisable as of June 26, 2016     52,850     $ —       1.34     $ —  
Schedule of aggregate non-vested shares granted under the 2009 Stock Option Plan

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 September 28, 2014     42,710     $ 7.58  
Non-vested granted — year ended September 27, 2015     —     $ —  
Vested — year ended September 27, 2015     (20,064 )   $ 7.50  
Forfeited — year ended September 27, 2015     (54 )   $ —  
Non-vested as of September 27, 2015     22,592     $ 7.66  
Non-vested granted — nine months ended June 26, 2016     —       —  
Vested — nine months ended June 26, 2016     (12,585 )     7.33  
Forfeited — nine months ended June 26, 2016     (2,508 )     —  
Non-vested as of June 26, 2016     7,500     $ 8.00  
Schedule of compensation costs

The recorded compensation costs for options and shares granted and restricted stock units awarded as well as the unrecognized compensation costs are summarized in the table below:

 

    Stock Compensation  
    (thousands)  
    Recognized Compensation Expense     Unrecognized Compensation Expense  
    Three months ended     Nine months ended     As of period ending  
    June 26, 2016     June 28, 2015     June 26, 2016     June 28, 2015     June 26, 2016     September 27, 2015  
                                     
Stock Options (1)   $ (8 )   $ 25     $ 41     $ 116     $ 59     $ 100  
Restricted Stock Units     47       -       47       -       325       -  
Consultant Shares (IRTH)     24       -       24       -       70       -  
Total Stock Compensation   $ 63     $ 25     $ 112     $ 116     $ 454     $ 100  

 

(1) The three months ending June 26, 2016 includes a cumulative correction for over amortization stock options during the six months ending March 27, 2016.