Stock-Based Compensation

3 Months Ended

Sep. 25, 2016

(3) Stock-Based Compensation

Stock Options:

For the three months ended September 25, 2016, and September 27, 2015, the Company recognized stock-based compensation expense related to stock options of $25 thousand and $45 thousand, respectively. As of September 25, 2016, unamortized stock-based compensation expense related to stock options was $0.1 million.

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

	Three Months Ended
	September 25, 2016			September 27, 2015

Outstanding at beginning of year		847,556			871,798

Granted		50,000			42,786
Exercised		(315,000	)		-
Forfeited/Canceled/Expired		(80,000	)		-

Outstanding at end of period		502,556			914,584

Exercisable at end of period		365,406			443,028

Restricted Stock Units:

For the three months ended September 25, 2016, and September 27, 2015, the Company recognized stock-based compensation expense related to restricted stock units in the amount of $20 thousand and $0. As of September 25, 2016, unamortized stock-based compensation expense related to restricted stock units was $0.2 million.

A summary of the status of restricted stock units as of September 25, 2016, and changes during the fiscal quarter then ended is presented below:

Number of Restricted Stock Units

Unvested at June 26, 2016	79,620
Granted	-
Vested	-
Forfeited	(43,750	)
Unvested at September 25, 2016	35,870