EQUITY TRANSACTIONS

3 Months Ended

Sep. 30, 2016

EQUITY TRANSACTIONS [Abstract]

EQUITY TRANSACTIONS

NOTE 9 - EQUITY TRANSACTIONS

During the three months ended September 30, 2016 and 2015, stock options to purchase shares of the Company’s common stock were exercised as follows:

	Three-Months Ended September 30,
	2016		2015
	(Unaudited)
Options Exercised		46,223		101,425
Proceeds (in thousands)	$	141	$	268
Average exercise price per share	$	3.05	$	2.64

As of September 30, 2016, there was $0.4 million of stock option and restricted stock compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 2.3 years.

On January 7, 2013, the Company announced that its Board of Directors approved a stock repurchase program effective January 3, 2013, authorizing the Company to repurchase in the aggregate up to $3.0 million of its outstanding common stock over a two-year period.  On March 5, 2015, the Board approved a two-year extension on the stock repurchase program through January 1, 2017.  During the three months ended September 30, 2016 and 2015, Sharps repurchased no shares.  Total shares repurchased under the program are 295,615 shares at a cost of $1.6 million.  As of September 30, 2016, approximately $1.4 million remained of the Company’s $3.0 million repurchase program.