Annual report pursuant to Section 13 and 15(d)

Stock Option Plans (Tables)

v3.6.0.2
Stock Option Plans (Tables)
12 Months Ended
Sep. 30, 2016
Stock Option Plans Tables  
Summary of stock option activity

    Year Ended September 30,  
(Number of Options in Thousands)   2016     2015  
             
Number of options outstanding:            
Beginning of year     414       342  
Granted     163       191  
Exercised     -       (90 )
Terminated     (9 )     (29 )
                 
End of year     568       414  
                 
Number of options exercisable at end of year     230       121  
Number of options available for grant at end of year     470       530  
                 
Weighted average option prices per share:                
Granted during the year   $ 5.17     $ 7.00  
Exercised during the year     -       2.85  
Terminated during the year     5.99       2.00  
Outstanding at end of year     5.09       5.05  
Exercisable at end of year     4.39       3.72  

Stock option plan by exercise price range

Range of

Exercise Prices

  Number Outstanding     Weighted
Average Price
    Number
Exercisable
    Weighted
Average Price
    Average
Remaining Life (Years)
 
                               
Under $5.00     276     $ 3.40       163     $ 3.17       7.0  
5.01 to 10.00     290       6.58       65       7.00       8.5  
$10.01 to 23.90     2     $ 23.90       2     $ 23.90       0.4  
Estimated fair value of stock options granted
    2016     2015  
             
Expected option life (years)     10       10  
Expected stock price volatility     125 %     104 %
Expected dividend yield     %     %
Risk-free interest rate     2.20 %     2.20 %