Note 11 - Share-Based Compensation |
3 Months Ended |
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Sep. 30, 2011 | |
Share-based Compensation, Option and Incentive Plans, Director Policy [Policy Text Block] |
(11) Share-Based
Compensation
During
the quarter ended September 30, 2011, the Company awarded
options to purchase 30,000 shares of our common stock to
certain executives other than Mr. Kathwari, at the closing
stock price on the respective grant dates. These options
vest in four equal annual installments on the grant date
anniversary. On July 26, 2011, as a result of the
Company’s performance, the Compensation Committee of
the Company’s board of directors awarded M. Farooq
Kathwari, our President and Chief Executive Officer 30,000
service-based restricted shares which vest in three equal
annual installments on the grant date anniversary.
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