| Summary of activity in the Company’s stock option plans |
A summary of activity in the Company's stock option plans is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Exercise
Price
|
|
Options
Outstanding
|
|
Weighted
Average
Contractual
Term
(in years)
|
|
Intrinsic
Value of
Options
|
|
Options
Available
|
At December 29, 2012 |
$ |
11.82 |
|
|
220,740 |
|
|
8.4 |
|
$ |
367,937 |
|
|
138,260 |
|
Granted February 7, 2013 |
$ |
13.70 |
|
|
40,594 |
|
|
|
|
|
|
(40,594 |
) |
Exercised |
$ |
10.69 |
|
|
(15,247 |
) |
|
|
|
$ |
64,263 |
|
|
|
|
Expired |
$ |
12.70 |
|
|
(83,351 |
) |
|
|
|
|
|
|
83,351 |
|
At December 28, 2013 |
$ |
11.95 |
|
|
162,736 |
|
|
7.5 |
|
$ |
582,894 |
|
|
181,017 |
|
Granted February 20, 2014 |
$ |
14.76 |
|
|
13,790 |
|
|
|
|
|
|
|
(13,790 |
) |
Exercised |
$ |
11.23 |
|
|
(17,074 |
) |
|
|
|
$ |
91,772 |
|
|
|
|
Expired |
$ |
13.70 |
|
|
(2,157 |
) |
|
|
|
|
|
|
2,157 |
|
At January 3, 2015 |
$ |
12.25 |
|
|
157,295 |
|
|
6.9 |
|
$ |
852,810 |
|
|
169,384 |
|
Granted February 10, 2015 |
$ |
16.01 |
|
|
32,532 |
|
|
|
|
|
|
(32,532 |
) |
Exercised |
$ |
12.47 |
|
|
(666 |
) |
|
|
|
$ |
1,511 |
|
|
|
Expired |
$ |
14.08 |
|
|
(15,176 |
) |
|
|
|
|
|
15,176 |
|
At December 31, 2015 |
$ |
12.79 |
|
|
173,985 |
|
|
6.4 |
|
$ |
— |
|
|
152,028 |
|
Exercisable options |
$ |
11.85 |
|
|
88,025 |
|
|
5.5 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options expected to vest: |
|
|
|
|
|
|
|
|
Grant Date Fair Value |
|
|
|
At December 28, 2013 |
$ |
12.18 |
|
|
122,145 |
|
|
7.8 |
|
$ |
7.19 |
|
|
|
|
Granted February 20, 2014 |
$ |
14.76 |
|
|
13,790 |
|
|
|
|
$ |
6.70 |
|
|
|
|
Vested |
$ |
11.98 |
|
|
(33,702 |
) |
|
|
|
$ |
7.03 |
|
|
|
|
Forfeited unvested options |
$ |
13.70 |
|
|
(1,725 |
) |
|
|
|
|
|
|
At January 3, 2015 |
$ |
12.54 |
|
|
100,508 |
|
|
7.2 |
|
$ |
6.76 |
|
|
|
|
Granted February 10, 2015 |
$ |
16.01 |
|
|
32,532 |
|
|
|
|
$ |
6.39 |
|
|
|
Vested |
$ |
12.16 |
|
|
(35,794 |
) |
|
|
|
$ |
7.01 |
|
|
|
Forfeited unvested options |
$ |
14.23 |
|
|
(11,286 |
) |
|
|
|
|
|
|
At December 31, 2015 |
$ |
8.26 |
|
|
85,960 |
|
|
7.3 |
|
$ |
6.57 |
|
|
|
|
| Stock options by exercise price range |
The following table summarizes information about stock options outstanding at December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Range of Exercise Prices |
|
Outstanding Stock Options |
|
Exercisable Stock Options |
|
Shares |
|
Weighted Average |
|
Shares |
|
Weighted Average Exercise Price |
|
|
Exercise Price |
|
Remaining Contractual Life in Years |
|
|
$ |
11.55 |
|
|
82,342 |
|
|
$ |
11.55 |
|
|
5.06 |
|
62,342 |
|
|
$ |
11.55 |
|
$ |
11.35 |
|
|
25,076 |
|
|
$ |
11.35 |
|
|
6.11 |
|
13,184 |
|
|
$ |
11.35 |
|
$ |
13.70 |
|
|
27,801 |
|
|
$ |
13.70 |
|
|
7.10 |
|
10,647 |
|
|
$ |
13.70 |
|
$ |
14.76 |
|
|
9,260 |
|
|
$ |
14.76 |
|
|
8.14 |
|
1,852 |
|
|
$ |
14.76 |
|
$ |
16.01 |
|
|
29,506 |
|
|
$ |
16.01 |
|
|
9.11 |
|
— |
|
|
$ |
16.01 |
|
|
|
|
173,985 |
|
|
|
|
|
|
|
88,025 |
|
|
|
|
|
| Summary of Stock Awards Plan activity |
A summary of plan activity for 2013, 2014 and 2015 is as follows:
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted Average
Grant Date Fair Value
|
Outstanding at December 29, 2012 |
32,473 |
|
|
$ |
10.98 |
|
Vested |
(8,161 |
) |
|
$ |
11.06 |
|
Forfeited |
(5,060 |
) |
|
$ |
10.20 |
|
Outstanding at December 28, 2013 |
19,252 |
|
|
$ |
11.15 |
|
Granted October 16, 2014 |
31,080 |
|
|
$ |
15.69 |
|
Granted November 21, 2014 |
23,665 |
|
|
$ |
15.85 |
|
Vested |
(7,434 |
) |
|
$ |
10.60 |
|
Forfeited |
(160 |
) |
|
$ |
13.34 |
|
Outstanding at January 3, 2015 |
66,403 |
|
|
$ |
15.00 |
|
Granted January 5, 2015 |
3,000 |
|
|
$ |
17.95 |
|
Vested |
(18,303 |
) |
|
$ |
13.67 |
|
Forfeited |
(60 |
) |
|
$ |
13.34 |
|
Outstanding at December 31, 2015 |
51,040 |
|
|
$ |
15.65 |
|
|