Note 4 - Stock Option Plans

6 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

4. Stock Option Plans

Salon has certain equity incentive plans as described in Note 8, “Employee Stock Option Plan,” of the notes to consolidated financial statements in Salon’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013.

The following table summarizes activity under Salon’s plans for the three months ended September 30, 2013:

	Outstanding Stock Options			Weighted- Average Exercise Price		Aggregate Intrinsic Value
Balance as of March 31, 2013		4,201,000		$	0.18
Options granted under all plans		3,018,000		$	0.13
Exercised		(88,000	)	$	0.01
Expired and forfeited		(432,000	)	$	0.14
Outstanding at September 30, 2013		6,699,000		$	0.16	$	157,000
Exercisable at September 30, 2013		2,972,000		$	0.23	$	63,000
Vested and expected to vest		4,626,000		$	0.16	$	101,000

A total of 3,018,000 option shares were awarded during the six months ended September 30, 2013. A total of 1,457,000 option shares were awarded during the six months ended September 30, 2012. The weighted-average fair value of options vested during each of the six month periods ended September 30, 2013 and 2012 was $0.06 per share and $0.36 per share, respectively. Approximately 88,000 options were exercised during the six months ended September 30, 2013.

Salon recognized stock-based compensation expense of $49 and $138 during the six months ended September 30, 2013 and 2012, respectively.