Share-Based Compensation and Employee Benefit Plans (Tables)

9 Months Ended

Apr. 02, 2017

Share-Based Compensation and Employee Benefit Plans

Summary of stock option activity

A summary of stock option activity under the 2015 Plan and 2016 Plan as of April 2, 2017 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	1,065,030	$	4.06
Forfeited	(7,125)	$	1.51
Outstanding as of April 2, 2017	1,816,955	$	3.00	7.81
Vested and exercisable as of April 2, 2017	451,754	$	1.90	6.03
Vested and expected to vest as of April 2, 2017	1,603,891	$	2.97	7.75

Schedule of stock options, valuation assumptions

The assumptions used to determine the value of the Company’s stock options granted to employees during the nine month period ended April 2, 2017 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	%	-	2.41	%