Share-Based Compensation

3 Months Ended

Apr. 02, 2016

Share-based Compensation

Share-Based Compensation

Non-Employee Stock Option Plans

The following table summarizes activity of stock options granted to non-employees at April 2, 2016 and changes during the three months then ended:

		Weighted Average
			Remaining		Aggregate
	Number of	Exercise	Contractual	Fair	Intrinsic
	Shares	Price	Term	Value	Value
Outstanding at January 2, 2016	864,174	$           3.31	6.04
Options Granted	-	-	-	-
Options Exercised	(41,667)	1.92
Options Forfeited	-	-
Outstanding at April 2, 2016	822,507	$           3.38	5.76		$824,000
Exercisable at April 2, 2016	815,007	$           3.37	5.73		$820,000

The aggregate intrinsic values in the table above are based on the Company’s stock price of $4.29, which is the closing price of the Company’s stock adjusted for the effect of 1 for 3 reverse split, on the last day of business for the period ended April 2, 2016. The aggregate intrinsic values for options exercised during the three months ended April 2, 2016 was approximately $98,000.