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

Note 6 - Stock-based Compensation (Tables)

9 Months Ended

Dec. 31, 2017

	Nine-Month Period Ended					Nine-Month Period Ended
	December 31, 2017					January 1, 2017
	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		7.35		140,000			9.60		120,000
Exercised		-		-			7.67		(102,500	)
Forfeited		9.05		(67,500	)		-		-
Outstanding at End of Period		7.93		395,000			8.35		322,500
Exercisable at End of Period		7.94		220,000			7.33		147,500

	Stock Options Issued to Employees During Fiscal Years
	2018									2017
Number of options issued		10,000			20,000			110,000			120,000
Grant date	December 18, 2017			August 4, 2017			June 8, 2017			June 8, 2016
Dividend yield		4.92	%		5.77	%		4.13	%		3.33	%
Expected volatility		25.00	%		25.00	%		25.00	%		20.00	%
Risk free interest rate		1.94	%		1.51	%		1.47	%		0.93	%
Contractual term (years)		10.00			10.00			10.00			10.00
Expected term (years)		3.00			3.00			3.00			3.00
Forfeiture rate		5.00	%		5.00	%		5.00	%		5.00	%
Exercise price (grant-date closing price) per option	$	6.50		$	5.55		$	7.75		$	9.60
Fair value per option	$	0.59		$	0.50		$	0.85		$	0.94

	Three-Month Period Ended December 31, 2017						Three-Month Period Ended January 1, 2017
	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	$	5	$	10
2017		4		4		8		8		5		13
2018		5		6		11		-		-		-

Total stock option compensation	$	9	$	10	$	19	$	13	$	10	$	23

	Nine-Month Period Ended December 31, 2017						Nine-Month Period Ended January 1, 2017
	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		17		15		32
2017		20		11		31		18		12		30
2018		11		13		24		-		-		-

Total stock option compensation	$	37	$	25	$	62	$	49	$	39	$	88

	Three-Month Period Ended December 31, 2017						Three-Month Period Ended January 1, 2017
			Non-employee		Total				Non-employee		Total
Stock Granted in Fiscal Year	Employees		Directors		Expense		Employees		Directors		Expense
2015	$	-	$	-	$	-	$	-	$	-	$	-
2016		-		-		-		35		29		64
2017		27		35		62		27		35		62
2018		29		19		48		-		-		-

Total stock grant compensation	$	56	$	54	$	110	$	62	$	64	$	126

	Nine-Month Period Ended December 31, 2017						Nine-Month Period Ended January 1, 2017
			Non-employee		Total				Non-employee		Total
Stock Granted in Fiscal Year	Employees		Directors		Expense		Employees		Directors		Expense
2015	$	-	$	-	$	-	$	-	$	37	$	37
2016		-		38		38		105		86		191
2017		81		106		187		81		59		140
2018		87		32		119		-		-		-

Total stock grant compensation	$	168	$	176	$	344	$	186	$	182	$	368

				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