Brother International 2010 Annual Report Download - page 34

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Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2010 and 2009
The stock option activity was as follows:
2010 Stock
Option
2009 Stock
Option
2008 Stock
Option
2007 Stock
Option
(shares) (shares) (shares) (shares)
For the year ended March 31, 2009
Non-vested
March 31, 2008 – Outstanding — — — —
Granted — — — —
Canceled — — — —
Vested — — — —
March 31, 2009 – Outstanding — — — —
Vested
March 31, 2008 - Outstanding — — 65,100 46,000
Vested — 114,500 — —
Exercised — — — —
Canceled — — — —
March 31, 2009 – Outstanding — 114,500 65,100 46,000
For the year ended March 31, 2010
Non-vested
March 31, 2009 – Outstanding — — — —
Granted — — — —
Canceled — — — —
Vested — — — —
March 31, 2010 – Outstanding — — — —
Vested
March 31, 2009 - Outstanding — 114,500 65,100 46,000
Vested 101,500 — — —
Exercised — — — —
Canceled — — — —
March 31, 2010 – Outstanding 101,500 114,500 65,100 46,000
Exercise price ¥ 1 ¥ 1 ¥ 1 ¥ 1
($ 0.011) ($ 0.011) ($ 0.011) ($ 0.011)
Average stock price at exercise ¥ — ¥ — ¥ — ¥ —
($ —) ($ —) ($ —) ($ —)
Fair value price at grant date ¥ 899 ¥ 642 ¥ 915 ¥ 1,350
(directors) ($ 9.667) ($ 6.903) ($ 9.839) ($ 14.516)
Fair value price at grant date ¥ 912 ¥ — ¥ — ¥ —
(executive officers) ($ 9.806) ($ —) ($ —) ($ —)
The assumptions used to measure fair value of 2010 Stock Option (directors)
Estimate method: Black-Scholes option pricing model
Volatility of stock price: 42.79%
Estimated remaining outstanding period: 11 years
Estimated dividend rate: 1.45%
Interest rate with risk free: 1.49%
The assumptions used to measure fair value of 2010 Stock Option (executive officers)
Estimate method: Black-Scholes option pricing model
Volatility of stock price: 41.9%
Estimated remaining outstanding period: 10 years
Estimated dividend rate: 1.45%
Interest rate with risk free: 1.36%
32 Brother Annual Report 2010