Brother International 2012 Annual Report Download - page 41

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40
(c) Treasury Stock and Treasury Stock Acquisition Rights
The Companies Act also provides for companies to purchase treasury stock and dispose of such treasury stock by resolution of the Board of Directors. The amount
of treasury stock purchased cannot exceed the amount available for distribution to the shareholders which is determined by specific formula. Under the Companies
Act, stock acquisition rights are presented as a separate component of equity. The Companies Act also provides that companies can purchase both treasury stock
acquisition rights and treasury stock. Such treasury stock acquisition rights are presented as a separate component of equity or deducted directly from stock
acquisition rights.
11. Stock Options
The stock options outstanding as of March 31, 2012 were as follows:
Stock Option Persons Granted Number of Options Granted Date of Grant Exercise Price Exercise Period
2007 Stock Option Six directors 46,000 shares Mar 19, 2007 ¥ 1
($0.01)
30 years starting on the following
day of stock option grant date
2008 Stock Option Six directors 65,100 shares Mar 24, 2008 ¥ 1
($0.01) Same as above
2009 Stock Option Five directors 114,500 shares Mar 23, 2009 ¥ 1
($0.01) Same as above
2010 Stock Option Four directors
14 executive officers
51,900 shares
49,600 shares Mar 23, 2010 ¥ 1
($0.01) Same as above
2011 Stock Option Four directors
13 executive officers
43,200 shares
40,300 shares Mar 23, 2011 ¥ 1
($0.01) Same as above
2012 Stock Option Three directors
16 executive officers
44,600 shares
61,800 shares Mar 23, 2012 ¥ 1
($0.01) Same as above
Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2012