Giga-tronics Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 11 - Share-Based Compensation and Employee Benefit Plans (Tables)

Note 11 - Share-Based Compensation and Employee Benefit Plans (Tables)

12 Months Ended

Mar. 29, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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

Fiscal years ended		March 29, 2014				March 30, 2013
Dividend yield			-				-
Expected volatility			86	%			89	%
Risk-free interest rate			1.02	%			0.59	%
Expected term (years)			7.91				6.61

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

										Weighted Average
						Weighted Average				Remaining Contractual				Aggregate Intrinsic
(Dollars in thousands)		Shares				Exercise Price				Terms (Years)				Value
Outstanding at March 31, 2012			1,221,312			$	1.74				6.7			$	3
Granted			521,000				1.31
Exercised			-				-
Forfeited / Expired			186,062				1.58
Outstanding at March 30, 2013			1,556,250			$	1.62				6.8			$	252
Granted			430,750				1.32
Exercised			-				-
Forfeited / Expired			248,250				1.72
Outstanding at March 29, 2014			1,738,750			$	1.53				6.8			$	113

Exercisable at March 29, 2014			548,825			$	1.80				4.6			$	17

At March 29, 2014, expected to vest in the future			925,460			$	1.21				3.5			$	74

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

						Weighted
						Average Grant
		Shares				Date Fair Value
Non-vested at March 31, 2012			60,000			$	2.40
Granted			50,000				1.18
Forfeited or cancelled			60,000				2.40
Non-vested at March 30, 2013			50,000			$	1.18
Granted			101,500				1.53
Vested			30,000				1.53
Forfeited or cancelled			-				-
Non-vested at March 29, 2014			121,500			$	1.39