Crown Crafts, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Stock-based Compensation (Tables)

6 Months Ended

Oct. 01, 2017

	Six-Month Period Ended					Six-Month Period Ended
	October 1, 2017					October 2, 2016
	Weighted-					Weighted-
	Average		Number of			Average		Number of
	Exercise		Options			Exercise		Options
	Price		Outstanding			Price		Outstanding
Outstanding at Beginning of Period	$	8.35		322,500		$	7.64		305,000
Granted		7.41		130,000			9.60		120,000
Exercised		-		-			7.68		(77,500	)
Forfeited		9.01		(52,500	)		-		-
Outstanding at End of Period		8.01		400,000			8.30		347,500
Exercisable at End of Period		7.99		230,000			7.38		172,500

	Stock Options Issued to Employees During Fiscal Years
	2018						2017
Number of options issued		20,000			110,000			120,000
Grant date	August 4, 2017			June 8, 2017			June 8, 2016
Dividend yield		5.77	%		4.13	%		3.33	%
Expected volatility		25.00	%		25.00	%		20.00	%
Risk free interest rate		1.51	%		1.47	%		0.93	%
Contractual term (years)		10.00			10.00			10.00
Expected term (years)		3.00			3.00			3.00
Forfeiture rate		5.00	%		5.00	%		5.00	%
Exercise price (grant-date closing price) per option	$	5.55		$	7.75		$	9.60
Fair value per option	$	0.50		$	0.85		$	0.94

	Three-Month Period Ended October 1, 2017						Three-Month Period Ended October 2, 2016
	Cost of		Marketing &				Cost of		Marketing &
	Products		Administrative		Total		Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense		Sold		Expenses		Expense
2016	$	-	$	-	$	-	$	5	$	4	$	9
2017		6		5		11		8		6		14
2018		4		6		10		-		-		-

Total stock option compensation	$	10	$	11	$	21	$	13	$	10	$	23

	Six-Month Period Ended October 1, 2017						Six-Month Period Ended October 2, 2016
	Cost of		Marketing &				Cost of		Marketing &
	Products		Administrative		Total		Products		Administrative		Total
Options Granted in Fiscal Year	Sold		Expenses		Expense		Sold		Expenses		Expense
2015	$	-	$	-	$	-	$	14	$	12	$	26
2016		6		1		7		12		10		22
2017		16		7		23		10		7		17
2018		6		7		13		-		-		-

Total stock option compensation	$	28	$	15	$	43	$	36	$	29	$	65

	Three-Month Period Ended October 1, 2017						Three-Month Period Ended October 2, 2016
			Non-employee		Total				Non-employee		Total
Stock Granted in Fiscal Year	Employees		Directors		Expense		Employees		Directors		Expense
2015	$	-	$	-	$	-	$	-	$	9	$	9
2016		-		9		9		35		28		63
2017		27		36		63		27		24		51
2018		29		13		42		-		-		-

Total stock grant compensation	$	56	$	58	$	114	$	62	$	61	$	123

	Six-Month Period Ended October 1, 2017						Six-Month Period Ended October 2, 2016
			Non-employee		Total				Non-employee		Total
Stock Granted in Fiscal Year	Employees		Directors		Expense		Employees		Directors		Expense
2015	$	-	$	-	$	-	$	-	$	37	$	37
2016		-		38		38		70		57		127
2017		54		71		125		54		24		78
2018		58		13		71		-		-		-

Total stock grant compensation	$	112	$	122	$	234	$	124	$	118	$	242

					Fair
Fiscal			Fiscal		Value
Year	Shares		Year		Per		Compensation expense recognized during fiscal year
Earned	Granted		Granted		Share		2015		2016		2017		2018		2019
2015		58,532		2016	$	7.180	$	140,000	$	140,000	$	140,000	$	-	$	-
2016		41,205		2017		7.865		-		108,000		108,000		108,000		-
2017		42,250		2018		8.271		-		-		116,000		116,000		116,000

Vesting of shares during the three-month periods ended

Fiscal

July 2, 2017

July 3, 2016

Year

Aggregate

Taxes

Aggregate

Taxes

Granted

Vested

Value

Remitted

Vested

Value

Remitted

201

41,205

20,604

167,000

56,000