Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.7.0.1
Stock Based Compensation (Tables)
 9 Months Ended
Jul. 02, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options granted to officers and employees

As of July 2, 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 4/02/17     Date   Period
                           
12/09/11     46,070     $ 10.00       35,010     12/08/2018   4 years
12/19/13     25,000     $ 10.00       25,000     12/18/2020   4 years
Total     71,070               60,010        
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 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     (330 )                     —  
Exercised – 2017     —                       —  
Outstanding as of July 2, 2017     60,010     $ —       0.90     $ —  
                                 
Exercisable as of October 2, 2016     52,840     $ —       1.07     $ —  
                                 
Exercisable as of July 2, 2017     56,260     $ —       0.73     $ —  
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     $ 8.0  
Non-vested granted — nine months ended July 2, 2017     —          
Vested — nine months ended July 2, 2017     (3,420 )     8.0  
Forfeited — nine months ended July 2, 2017     (330 )        
Non-vested as of July 2, 2017     3,750     $ 8.0  
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  
    July 2, 2017     June 26, 2016     July 2, 2017     June 26, 2016     July 2, 2017     October 2, 2016  
                                     
Stock Options   $ 11     $ (8)     $ 30     $ 41     $ 18     $ 48  
Restricted Stock Units     32       47       94       47       223       279  
Consultant Shares (IRTH)     —       24       47       24       —       47  
Total Stock Compensation   $ 43     $ 63     $ 171     $ 112     $ 250     $ 374