Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.6.0.2
Stock Based Compensation (Tables)
 3 Months Ended
Jan. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options granted to officers and employees

As of January 1, 2017, Optex Systems Holdings has granted stock options to officers and employees as follows:

 

Date of   Options     Exercise     Options  Outstanding     Expiration   Vesting
Grant   Granted     Price     As of 1/01/17     Date   Period
                           
12/09/11     46,070     $ 10.00       35,040     12/08/2018   4 years
12/19/13     25,000     $ 10.00       25,000     12/18/2020   4 years
Total     71,070               60,040          

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 (as adjusted for the 1000:1 reverse stock split on common shares effective October 7, 2015):

 

    Number     Weighted              
    of Shares     Average     Weighted     Aggregate  
    Remaining     Fair     Average     Value  
Subject to Exercise   Options     Value     Life (Years)     (Thousands)  
Outstanding as of September 27, 2015     62,858     $ —       2.32     $ —  
Granted – 2016     —                          
Forfeited – 2016     (2,518 )                     —  
Exercised – 2016     —                       —  
Outstanding as of October 2, 2016     60,340     $ —       1.40     $ —  
Granted – 2017     —                          
Forfeited – 2017     (300 )                     —  
Exercised – 2017     —                       —  
Outstanding as of January 1, 2017     60,040     $ —       1.24     $ —  
                                 
Exercisable as of October 2, 2016     52,840     $ —       1.07     $ —  
                                 
Exercisable as of January 1, 2017     56,290     $ —       1.06     $ —  
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 27, 2015     22,592     $ 7.66  
Non-vested granted — year ended October 2, 2016     —       —  
Vested — year ended October 2, 2016     (12,574 )     7.33  
Forfeited — year ended October 2, 2016     (2,518 )     —  
Non-vested as of October 2, 2016     7,500     $ 8.00  
Non-vested granted — three months ended January 1, 2017     —       —  
Vested — three months ended January 1, 2017     (3,750 )     8.00  
Forfeited — three months ended January 1, 2017             —  
Non-vested as of January 1, 2017     3,750     $ 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     As of period ending  
    January 1, 2017     December 27, 2015     January 1, 2017     October 2, 2016  
                         
Stock Options   $ 10     $ 24     $ 38     $ 48  
Restricted Stock Units     31       -       248       279  
Consultant Shares (IRTH)     23       -       24       47  
Total Stock Compensation   $ 64     $ 24     $ 310     $ 374