Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Share-based Compensation

v3.6.0.2
Note 8 - Share-based Compensation
6 Months Ended
Dec. 31, 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
six
months ended
December
31,
2016
is presented below:
 
   
Shares
 
Outstanding as of June 30, 2016
   
907,073
 
Activity during the six months ended December 31, 2016
       
Granted
   
20,153
 
Exercised
   
(51,749
)
Canceled (forfeited/expired)
   
(13,460
)
Outstanding as of December 31, 2016
   
862,017
 
Exerciseable as of December 31, 2016
   
524,948
 
 
A summary of stock unit activity occurring during the
six
months ended
December
31,
2016
is presented below.
 
           
Weighted
 
           
Average
 
           
Grant Date
 
   
Units
   
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 December 31, 2016
   
299,300
     
25.99
 
 
At
December
31,
2016,
there were
1,253,264
shares of common stock available for future issuance pursuant to the Stock Incentive Plan.