Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Share-based Compensation

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Note 8 - Share-based Compensation
3 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
(8)
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 three months ended September 30, 2016 is presented below:
 
   
Shares
 
Outstanding as of June 30, 2016
    907,073  
Activity during the three months ended September 30, 2016
       
Granted
    20,153  
Exercised
    (9,191 )
Canceled (forfeited/expired)
    (10,460 )
Outstanding as of September 30, 2016
    907,575  
Exerciseable as of September 30, 2016
    557,844  
 
A summary of stock unit activity occurring during the three months ended September 30, 2016 is presented below.
 
   
Units
   
Weighted
Average
Grant Date
Fair Value
 
Non-vested units at June 30, 2016
    218,050     $ 24.53  
Granted
    81,250       29.92  
Vested
    -       -  
Canceled (forfeited/expired)
    -       -  
Non-vested units at September 30, 2016
    299,300       25.99  
 
 
At September 30, 2016, there were 1,250,264 shares of common stock available for future issuance pursuant to the Stock Incentive Plan.