|
6.
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Stock Plans and Non-Qualified Option Agreement
|
The summary of the Company’s total Stock Plans and a Non-Qualified Stock Option Agreement as of June 30, 2014, as compared to June 30, 2013, and changes during the periods then ended, are presented below. The Company’s Plans consist of the 1993 Non-Qualified Stock Option Plan (last options expired February 2013), the 2004 and 2010 Stock Option Plans, and the 2003 Outside Directors Stock Plans:
|
|
|
Shares
|
|
|
Weighted Average
Exercise Price
|
|
|
Weighted Average
Remaining
Contractual Term
|
|
|
Aggregate
Intrinsic
Value
|
|
|
Options outstanding Janury 1, 2014
|
|
|
362,800
|
|
|
$
|
9.53
|
|
|
|
|
|
|
|
|
|
|
Granted
|
|
─
|
|
|
─
|
|
|
|
|
|
|
|
|
|
|
Exercised
|
|
─
|
|
|
─
|
|
|
|
|
|
|
$
|
─
|
|
|
Forfeited
|
|
|
(62,000
|
)
|
|
|
7.96
|
|
|
|
|
|
|
|
|
|
|
Options outstanding End of Period (1)
|
|
|
300,800
|
|
|
|
9.85
|
|
|
|
2.8
|
|
|
$
|
41,070
|
|
|
Options Exercisable at June 30, 2014(1)
|
|
|
300,800
|
|
|
$
|
9.85
|
|
|
|
2.8
|
|
|
$
|
41,070
|
|
|
Options Vested and expected to be vested at June 30, 2014
|
|
|
300,800
|
|
|
$
|
9.85
|
|
|
|
2.8
|
|
|
$
|
41,070
|
|
|
|
|
Shares
|
|
|
Weighted Average
Exercise Price
|
|
|
Weighted Average
Remaining
Contractual Term
|
|
|
Aggregate
Intrinsic
Value
|
|
|
Options outstanding Janury 1, 2013
|
|
|
528,800
|
|
|
$
|
9.82
|
|
|
|
|
|
|
|
|
|
|
Granted
|
|
─
|
|
|
─
|
|
|
|
|
|
|
|
|
|
|
Exercised
|
|
─
|
|
|
─
|
|
|
|
|
|
|
$
|
─
|
|
|
Forfeited
|
|
|
(138,000
|
)
|
|
|
9.36
|
|
|
|
|
|
|
|
|
|
|
Options outstanding End of Period (2)
|
|
|
390,800
|
|
|
|
9.98
|
|
|
|
3.0
|
|
|
$
|
─
|
|
|
Options Exercisable at June 30, 2013(2)
|
|
|
350,800
|
|
|
$
|
10.23
|
|
|
|
2.9
|
|
|
$
|
─
|
|
|
Options Vested and expected to be vested at June 30, 2013
|
|
|
390,800
|
|
|
$
|
9.98
|
|
|
|
3.0
|
|
|
$
|
─
|
|
|
(1) Options with exercise prices ranging from $2.79 to $14.75
|
|
(2) Options with exercise prices ranging from $5.50 to $14.75
|
|