Summary of SHARPS COMPLIANCE CORP

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Executive Officer Stock Option Awards

On November 7, 2012, the Compensation Committee of the Board of Directors
approved the following stock option awards for certain named executive officers
under Part II of the Executive Incentive Compensation Plan ("the Plan"):

                            Officer                   Stock Options
              David P. Tusa, Chief Executive
              Officer and President                           11,250
              Diana P. Diaz, Vice President and
              Chief Financial Officer                          3,575
              Gregory C. Davis, Vice President of
              Operations                                       6,650
              Khairan "Al" Aladwani, Vice
              President of Quality Control/
              Assurance                                        6,650

The stock options were granted under the Company's 2010 Stock Plan and vest over a four year period (one-quarter at end of each year beginning November 7, 2013). The exercise price of the options are equal to the quoted end of trading day market price of the underlying common stock at date of grant, which on November 7, 2012, was $3.05 per share. The Plan was approved by the Compensation Committee of the Board of Directors of the Company on February 29, 2012.