Note 6 - Stock-Based Compensation

3 Months Ended

Aug. 26, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

6. Stock-Based Compensation

In the three months ended August 26, 2012, the Company recognized stock-based compensation expense of $348,000 or $0.01 per basic and diluted share, which included $157,000 for restricted stock unit awards and $191,000 for stock option grants. In the three months ended August 28, 2011, the Company recognized stock-based compensation expense of $441,000 or $0.02 per basic and diluted share, which included $202,000 for restricted stock unit awards and $239,000 for stock option grants.

The following table summarizes the stock-based compensation by income statement line item:

	Three Months Ended August 26, 2012		Three Months Ended August 28, 2011
Research and development	$	110,000	$	124,000
Sales, general and administrative		238,000		317,000
Total stock-based compensation	$	348,000	$	441,000

As of August 26, 2012, there was $1.4 million of total unrecognized compensation expense related to unvested equity compensation awards granted under the Landec incentive stock plans. Total expense is expected to be recognized over the weighted-average period of 1.4 years for both stock options and restricted stock unit awards.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

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+ Details