Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Share-based Compensation

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Note 8 - Share-based Compensation
 9 Months Ended
Mar. 31, 2017
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
nine
months ended
March
31,
2017
is presented below:
 
 
   
Shares
  
Outstanding as of June 30, 2016
    
907,073
 
Granted
   
20,153
 
Exercised
   
(54,242
 )
Canceled (forfeited/expired)
   
(16,639
 )
Outstanding as of March 31, 2017
    
856,345
 
Exerciseable as of March 31, 2017
    
561,394
 
 
A summary of stock unit activity occurring during the
nine
months ended
March
31,
2017
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 March 31, 2017
    
299,300
     
25.99
 
 
At
March
31,
2017,
there were
1,256,443
shares of common stock available for future issuance pursuant to the Stock Incentive Plan.