|
The
summary of the Company’s total Stock Option Plans as of June 30, 2022 and June 30, 2021, and changes during the periods then ended,
are presented below. The Company’s Plans consist of the 2010 Stock Option Plan, the 2017 Plans and the 2003 Outside Directors Stock
Plan, as amended (“2003 Plan”):
Schedule of Stock Options Roll Forward
| |
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual
Term
(years) |
|
|
Aggregate
Intrinsic
Value (3) |
|
| Options outstanding January 1, 2022 |
|
|
1,019,400 |
|
|
$ |
4.91 |
|
|
|
|
|
|
|
— |
|
| Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(50,000 |
) |
|
$ |
3.97 |
|
|
|
|
|
|
$ |
98,000 |
|
| Forfeited/expired |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
| Options outstanding end of period (1) |
|
|
969,400 |
|
|
$ |
4.96 |
|
|
|
3.7 |
|
|
$ |
883,991 |
|
| Options exercisable at June 30, 2022(1) |
|
|
405,900 |
|
|
$ |
3.91 |
|
|
|
2.5 |
|
|
$ |
577,276 |
|
| |
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual
Term
(years) |
|
|
Aggregate
Intrinsic
Value (3) |
|
| Options outstanding January 1, 2021 |
|
|
658,400 |
|
|
$ |
3.87 |
|
|
|
|
|
|
|
— |
|
| Granted |
|
|
6,000 |
|
|
$ |
7.50 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(500 |
) |
|
$ |
3.15 |
|
|
|
|
|
|
$ |
2,175 |
|
| Forfeited/expired |
|
|
(1,500 |
) |
|
$ |
3.15 |
|
|
|
|
|
|
|
|
|
| Options outstanding end of period (1) |
|
|
662,400 |
|
|
$ |
3.90 |
|
|
|
3.1 |
|
|
$ |
2,153,595 |
|
| Options exercisable at June 30, 2021(2) |
|
|
391,900 |
|
|
$ |
4.08 |
|
|
|
3.1 |
|
|
$ |
1,202,495 |
|
| (1) |
Options
with exercise prices ranging from $2.79 to $7.50 |
| (2) |
Options
with exercise prices ranging from $2.79 to $7.29 |
| (3) |
The
intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price. |
|