Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Share-Based Compensation

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Note 9 - Share-Based Compensation
9 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
(9)
Share-Based Compensation
 
All options are issued at the closing stock price on each grant date, and have a contractual term of 10 years. A summary of stock option activity occurring during the nine months ended March 31, 2015 is presented below:
 
Options
 
Shares
 
Outstanding - June 30, 2014
    1,323,376  
Granted
    26,316  
Exercised
    (306,716 )
Canceled (forfeited/expired)
    (212,625 )
Outstanding - March 31, 2015
    830,351  
Exercisable - March 31, 2015
    500,777  
 
 
At March 31, 2015, there were 1,547,187 shares of common stock available for future issuance pursuant to the 1992 Stock Option Plan.