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. 29, 2013

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

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 2, 2011			662,752			$	2.00
Options granted under the 2010 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 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
Options granted under the 2010 Incentive Plan			235,000			$	2.06
Options forfeited or expired			(1,127,743	)		$	2.90
Options exercised			(73,063	)		$	0.93

Outstanding balance at December 29, 2013			435,000			$	2.50			$	51				3.8

Exercisable balance at December 29, 2013			208,334			$	2.49			$	11				3.5

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

		Period ended December 29, 2013				Period ended December 30, 2012				Period ended January 1, 2012
Black-Scholes weighted-average assumptions

Expected dividend yield			0.0	%			0.0	%			0.0	%
Expected volatility			69.1	%			83.0	%			92.6	%
Risk-free interest rate			0.4	%			0.5	%			0.67	%
Expected option life in years			3.7				4.0				4.2

Weighted-average stock option fair value per option granted		$	1.03			$	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


		25,000			$	1.96				8,333			$	1.96
		100,000			$	2.02				—			$	—
		10,000			$	2.17				—			$	—
		50,000			$	2.19				50,000			$	2.19
		100,000			$	2.38				100,000			$	2.38
		150,000			$	3.11				50,001			$	3.11

		435,000			$	2.50				208,334			$	2.49