SMTC Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 6 - Stock based compensation (Tables)

Note 6 - Stock based compensation (Tables)

12 Months Ended

Dec. 30, 2012

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Outstanding options			Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual term (years)
Outstanding balance at January 3, 2010		1,937,440		$	1.72
Options forfeited or expired		(7,440	)	$	5.93
Options exercised		(1,267,248	)	$	1.55
Outstanding balance at January 2, 2011		662,752		$	2.00
Options granted under the 2010 Equity Incentive Plan		922,000		$	2.87
Options forfeited or expired		(89,732	)	$	2.70
Options exercised		(292,194	)	$	1.07
Outstanding balance at January 1, 2012		1,202,826		$	2.82
Options granted under the 2010 Equity Incentive Plan		350,000		$	3.11
Options forfeited or expired		(13,600	)	$	23.76
Options exercised		(138,419	)	$	1.36

Outstanding balance at December 30, 2012		1,400,807		$	2.82	$	138		3.8


Exercisable balance at December 30, 2012		212,564		$	2.17	$	137		2.6

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	Period ended December 30, 2012			Period ended January 1, 2012
Black-Scholes weighted-average assumptions
Expected dividend yield		0.0	%		0.0	%
Expected volatility		83.0	%		92.6	%
Risk-free interest rate		0.5	%		0.67	%
Expected option life in years		4.0			4.2
Weighted-average stock option fair value per option granted	$	1.86		$	1.08

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Outstanding options		Weighted average exercise price		Exercisable options		Weighted average exercise price


	33,333	$	0.70		33,333	$	0.70
	65,474	$	1.00		39,731	$	1.00
	375,000	$	2.38		87,500	$	2.38
	350,000	$	3.11		—	$	3.11
	547,000	$	3.20		22,000	$	3.20
	30,000	$	4.00		30,000	$	4.00

	1,400,807	$	2.82		212,564	$	2.17

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References + Details