Share-Based Compensation and Employee Benefit Plans (Tables)

3 Months Ended

Oct. 02, 2016

Share-Based Compensation and Employee Benefit Plans

A summary of stock option activity under the 2015 Plan as of October 2, 2016 is as follows:


		Weighted		Weighted Average
		Average Exercise		Remaining Contractual
	Shares	Price		Term (in years)
Outstanding as of June 30, 2016	759,050	$	1.51
Granted	190,950	$	2.50
Forfeited	(7,125)	$	1.51
Outstanding as of October 2, 2016	942,875	$	1.71	6.41
Vested and exercisable as of October 2, 2016	292,513	$	2.11	6.66
Vested and expected to vest as of October 2, 2016	840,437	$	1.73	6.42

Schedule of stock options, valuation assumptions

The assumptions used to determine the value of the Company’s stock options granted to employees during the three month period ended October 2, 2016 were as follows:


Expected term	3.50		-	4.75	years
Expected volatility	78.8	%	-	85.0	%
Expected dividend yield	-	%
Risk-free interest rate	1.02	%	-	1.19	%