Brother International 2013 Annual Report Download - page 44

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43
Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2013 The stock option activity was as follows:
2013 Stock
Option
2012 Stock
Option
2011Stock
Option
2010 Stock
Option
2009 Stock
Option
2008 Stock
Option
2007 Stock
Option
(shares) (shares) (shares) (shares) (shares) (shares) (shares)
For the year ended March 31, 2012
Non-vested
April 1, 2011 – Outstanding ———————
Granted ———————
Canceled ———————
Vested ———————
March 31, 2012 – Outstanding ———————
Vested
April 1, 2011 - Outstanding — — 83,500 98,300 114,500 51,600 32,000
Vested — 106,400 —————
Exercised — — — — 25,800 — 2,000
Canceled ———————
March 31, 2012 – Outstanding — 106,400 83,500 98,300 88,700 51,600 30,000
For the year ended March 31, 2013
Non-vested
April 1, 2012 – Outstanding ———————
Granted ———————
Canceled ———————
Vested ———————
March 31, 2013 – Outstanding ———————
Vested
April 1, 2012 - Outstanding — 106,400 83,500 98,300 88,700 51,600 30,000
Vested 106,100 — — — — — —
Exercised — — 4,000 4,800 2,400 17,600 18,000
Canceled ———————
March 31, 2013 – Outstanding 106,100 106,400 79,500 93,500 86,300 34,000 12,000
Exercise price ¥ 1¥ 1¥ 1¥ 1¥ 1¥ 1¥ 1
($ 0.01) ($ 0.01) ($ 0.01) ($ 0.01) ($ 0.01) ($ 0.01) ($ 0.01)
Average stock price at exercise — — ¥ 715 ¥ 715 ¥ 1,007 ¥ 907 ¥ 823
(—) (—) ($ 7.61) ($ 7.61) ($10.71) ($ 9.65) ($ 8.76)
Fair value price at grant date ¥ 850 ¥ 929 ¥ 1,018 ¥ 899 ¥ 642 ¥ 915 ¥ 1,350
(directors) ($9.04) ($ 9.88) ($ 10.83) ($ 9.56) ($ 6.83) ($ 9.73) ($ 14.36)
Fair value price at grant date ¥ 880 ¥ 957 ¥ 1,034 ¥ 912 ———
(executive officers) ($ 9.36) ($ 10.18) ($ 11.00) ($ 9.70) (—) (—) (—)