Stock-Based Compensation

9 Months Ended

Mar. 28, 2021

Note E - Stock-Based Compensation

Stock Options:

For the fiscal quarters ended March 28, 2021 and March 29, 2020, the Company did not recognize any stock-based compensation expense related to stock options. As of March 28, 2021, there was no unamortized stock-based compensation expense related to stock options.

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

	Nine Months Ended
	March 28, 2021		March 29, 2020
	Shares		Shares
Outstanding at beginning of year		206,750		216,550

Granted		—		—
Exercised		—		—
Forfeited/Canceled/Expired		—		—

Outstanding at end of period		206,750		216,550

Exercisable at end of period		206,750		216,550

Restricted Stock Units:

For the three months ended March 28, 2021 and March 29, 2020, the Company had stock-based compensation expense of $39 thousand and a credit of $19 thousand, respectively, related to RSU’s. For the nine months ended March 28, 2021 and March 29, 2020, the Company had stock-based compensation expense of $39 thousand and a credit of $104 thousand, respectively, related to RSU’s. As of March 28, 2021, there was no unamortized stock-based compensation expense related to RSU’s.

A summary of the status of restricted stock units as of March 28, 2021, and changes during the three months then ended is presented below:

Unvested at June 28, 2020			—
Granted			545,600
Vested			—
Forfeited			—
Unvested at March 28, 2021			545,600