Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.6.0.2
Stock Based Compensation (Tables)
 12 Months Ended
Oct. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options granted to officers and employees

As of October 2, 2016, Optex Systems Holdings has granted stock options to officers and employees as follows (as adjusted for the 1000:1 reverse stock split on common shares effective October 7, 2015):

 

Date of   Shares     Exercise     Shares Outstanding     Expiration   Vesting
Grant   Granted     Price     As of 10/02/16     Date   Period
12/09/11     46,070     $ 10.00       35,370     12/08/2018   4 years
12/19/13     25,000     $ 10.00       25,000     12/18/2020   4 years
Total     71,070               60,340          
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 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     (2,518 )                     —  
Exercised – 2016     —                       —  
Outstanding as of October 2, 2016     60,340     $ —       1.40     $ —  
                                 
Exercisable as of September 27, 2015     40,266     $ —       1.45     $ —  
                                 
Exercisable as of October 2, 2016     52,840     $ —       1.07     $ —  
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 — year ended October 2, 2016     —       —  
Vested — year ended October 2, 2016     (12,575 )     7.33  
Forfeited — year ended October 2, 2016     (2,518 )     —  
Non-vested as of October 2, 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  
    Twelve months ended     As of period ending  
    October 2, 2016     September 27, 2015     October 2, 2016     September 27, 2015  
                         
Stock Options   $ 52     $ 140     $ 48     $ 100  
Restricted Stock Units     93       -       279       -  
Consultant Shares (IRTH)     47       -       47       -  
Total Stock Compensation   $ 192     $ 140     $ 374     $ 100