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Stock Based Compensation

3 Months Ended

Sep. 28, 2014

Stock-Based Compensation

Stock-Based Compensation

(4)           Stock-Based Compensation

For the quarter ended September 28, 2014, the Company recognized stock-based compensation expense of $22,500.  As of September 28, 2014, unamortized stock-based compensation expense was $0.4 million.

The following table summarizes the number of shares of the Company’s common stock subject to outstanding stock options:

			Three Months Ended
			September 28, 2014				September 29, 2013
	Outstanding at beginning of year			921,198				851,306
	Granted			78,800				8,664
	Exercised			-				-
	Forfeited/Canceled/Expired			-				-
	Outstanding at end of period			999,998				859,970
	Exercisable at end of period			484,323				464,306

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- Definition

The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans.

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