Stock Based Compensation (Tables)
|
3 Months Ended |
Dec. 31, 2017 |
|---|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
| Schedule of stock options granted to officers and employees |
As
of December 31, 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 12/31/17 |
|
|
Date |
|
|
Period |
|
| 12/09/11 |
|
|
|
46,070 |
|
|
$ |
10.00 |
|
|
|
35,000 |
|
|
12/08/2018 |
|
|
4 years |
|
| 12/19/13 |
|
|
|
25,000 |
|
|
$ |
10.00 |
|
|
|
25,000 |
|
|
12/18/2020 |
|
|
4 years |
|
| Total |
|
|
|
71,070 |
|
|
|
|
|
|
|
60,000 |
|
| 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 October 2, 2016 |
|
|
|
60,340 |
|
|
$ |
— |
|
|
|
1.4 |
|
|
$ |
— |
|
| Granted – 2017 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited – 2017 |
|
|
|
(330 |
) |
|
|
|
|
|
|
|
|
|
|
— |
|
| Exercised – 2017 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
— |
|
| Outstanding as of October 1, 2017 |
|
|
|
60,010 |
|
|
$ |
— |
|
|
|
0.76 |
|
|
$ |
— |
|
| Granted – 2018 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited – 2018 |
|
|
|
(10 |
) |
|
|
|
|
|
|
|
|
|
|
— |
|
| Exercised – 2018 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
— |
|
| Outstanding as of December 31, 2017 |
|
|
|
60,000 |
|
|
$ |
— |
|
|
|
0.62 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of October 1, 2017 |
|
|
|
56,260 |
|
|
$ |
— |
|
|
|
0.60 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of December 31, 2017 |
|
|
|
60,000 |
|
|
$ |
— |
|
|
|
0.62 |
|
|
$ |
— |
|
| 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 October 2, 2016 |
|
|
|
7,500 |
|
|
$ |
8.00 |
|
| Non-vested granted
— year ended October 1, 2017 |
|
|
|
— |
|
|
|
— |
|
| Vested — year
ended October 1, 2017 |
|
|
|
(3,750 |
) |
|
|
8.00 |
|
| Forfeited — year
ended October 1, 2017 |
|
|
|
|
|
|
|
— |
|
| Non-vested
as of October 1, 2017 |
|
|
|
3,750 |
|
|
$ |
8.00 |
|
| Non-vested granted
— three months ended December 31, 2017 |
|
|
|
— |
|
|
|
— |
|
| Vested — three
months ended December 31, 2017 |
|
|
|
(3,750 |
) |
|
|
8.00 |
|
| Forfeited — three
months ended December 31, 2017 |
|
|
|
|
|
|
|
— |
|
| Non-vested
as of December 31, 2017 |
|
|
|
-0- |
|
|
$ |
— |
|
| Schedule of aggregate non-vested restricted stock units granted under the Company's 2016 Restricted Stock Unit Plan |
The
following table summarizes the status of Optex Systems Holdings’ aggregate non-vested restricted stock units granted under
the Company’s 2016 Restricted Stock Unit Plan:
| |
|
|
Outstanding
Unvested RSU’s |
|
| Unvested
as of October 2, 2016 |
|
|
|
200,000 |
|
| Granted - year ended
2017 |
|
|
|
50,000 |
|
| Vested - year ended
2017 |
|
|
|
(68,000 |
) |
| Unvested
as of October 1, 2017 |
|
|
|
182,000 |
|
| Granted – three
months ended December 31, 2017 |
|
|
|
— |
|
| Vested - three months
ended December 31, 2017 |
|
|
|
— |
|
| Unvested
as of December 31, 2017 |
|
|
|
182,000 |
|
| 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 |
|
| |
|
December
31, 2017 |
|
|
January
1, 2017 |
|
|
December
31, 2017 |
|
|
October
1, 2017 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Stock Options |
|
$ |
8 |
|
|
$ |
10 |
|
|
$ |
— |
|
|
$ |
8 |
|
| Restricted Stock Units |
|
|
36 |
|
|
|
31 |
|
|
|
158 |
|
|
|
194 |
|
| Consultant Shares
(IRTH) |
|
|
— |
|
|
|
23 |
|
|
|
— |
|
|
|
— |
|
| Total
Stock Compensation |
|
$ |
44 |
|
|
$ |
64 |
|
|
$ |
158 |
|
|
$ |
202 |
|