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

Note 6 - Stock-based Compensation (Tables)

12 Months Ended

Jan. 01, 2017

	Total Outstanding options			Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual term (years)
Outstanding balance at December 29, 2013		435,000		$	2.50
Options granted		498,879		$	1.80
Options expired		—		$	—
Options exercised		(116,667	)	$	2.48
Outstanding balance at December 28, 2014		817,212		$	2.07
Options granted		—		$	—
Options forfeited		(95,431	)	$	2.03
Options expired		(66,667	)	$	3.11
Options exercised		—		$	—
Outstanding balance at January 3, 2016		655,114		$	1.98
Options granted		387,255		$	1.33
Options expired		(61,756	)	$	3.46
Options forfeited		(363,847	)	$	1.46
Options exercised		—			—

Outstanding balance at January 1, 2017		616,766		$	1.82	$	8		5.6

Exercisable balance at January 1, 2017		445,080		$	1.90	$	—		4.4

	Year ended January 1 , 201 7			Year ended January 3, 2016 (1)		Year ended December 28, 2014
Black-Scholes weighted-average assumptions

Expected dividend yield		0.0	%		N/A		0.0	%
Expected volatility		43.8	%		N/A		57.0	%
Expected forfeiture		29.0	%		N/A		18.0	%
Risk-free interest rate		1.33	%		N/A		1.22	%
Expected option life in years		4.0			N/A		4.2

Weighted-average stock option fair value per option granted	$	0.48		$	N/A	$	0.82

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

370,610	$	1.80		270,080	$	1.80
25,000	$	1.96		25,000	$	1.96
100,000	$	2.02		100,000	$	2.02
50,000	$	2.19		50,000	$	2.19
71,156	$	1.33		—	$	—
616,766	$	1.82		445,080	$	1.90

	Year ended January 1 , 201 7			Year ended January 3, 2016 (1)		Year ended December 28, 2014
Binomial Model weighted-average assumptions

Stock Price		1.34			N/A		1.80
Expected volatility		42.2	%		N/A		41.6	%
Expected forfeiture		29.0	%		N/A		18.0	%
Risk-free interest rate		0.60	%		N/A		1.05	%
RSU term		3.0			N/A		3.0

Weighted-average RSU fair value per award granted	$	0.42		$	N/A	$	0.63

	Outstanding options			Weighted average stock price		Weighted average remaining contractual term (years)

Outstanding balance at December 29, 2013		—		$	—
RSU granted		520,433		$	1.94
RSU forfeited		—		$	—
RSU converted into common shares		—		$	—

Outstanding balance at December 28, 2014		520,433		$	1.94		2.50

RSU granted		91,818		$	1.47
RSU forfeited		(64,908	)	$	1.89
RSU converted into common shares		(67,779	)	$	1.80

Outstanding balance at January 3, 2016		479,564		$	1.88		1.51

RSU granted		987,764		$	0.84
RSU forfeited		(352,077	)	$	0.87
RSU converted into common shares		(25,125	)	$	1.99

Outstanding balance at January 1, 2017		1,090,126		$	1.22		1.01