Stock Based Compensation

The following table summarizes the components of our stock based compensation program expense (in thousands):

	Three months ended December 31,				Six months ended December 31,
	2015		2014		2015		2014

Stock compensation expense for options, net of forfeitures	$	0	$	24	$	0	$	48
Stock compensation expense for restricted stock, net of forfeitures		715		590		1,462		1,286
Total stock compensation expense	$	715	$	614	$	1,462	$	1,334

As of December 31, 2015, we have no unrecognized compensation cost related to unvested options granted under the Celadon Group, Inc. 2006 Omnibus Incentive Plan, as amended (the "2006 Plan").

A summary of the award activity of our stock option plans as of December 31, 2015, and changes during the six-month period then ended is presented below:

Options	Option Totals			Weighted-Average Exercise Price per Share

Outstanding at July 1, 2015		295,789		$	9.47
Granted		---			---
Vested and Issued		(14,950	)	$	11.33
Forfeited or expired		---			---
Outstanding at December 31, 2015		280,839		$	9.37
Exercisable at December 31, 2015		280,839		$	9.37

As of December 31, 2015, w

e also have approximately $5.7 million of unrecognized compensation expense related to restricted stock awards, which is anticipated to be recognized over a weighted-average period of 2.3 years and a total period of 3.2 years. A summary of the restricted stock award activity under the 2006 Plan as of December 31, 2015, and changes during the six-month period is presented below:

	Number of Restricted Stock Awards			Weighted-Average Grant Date Fair Value

Unvested at July 1, 2015		396,366		$	21.13
Granted		20,442		$	10.42
Vested and Issued		(35,200	)	$	16.13
Forfeited		(2,894	)	$	19.05
Unvested at December 31, 2015		378,714		$	21.03

The fair value of each restricted stock award is based on the closing market price on the date of grant.