HTC 2013 Annual Report Download - page 60

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CAPITAL AND SHARES CAPITAL AND SHARES
116 117
4. Global Depository Receipts
2014.03.31
Issue Date 2003.11.19
Issuance and Listing Luxembourg
Total amount USD 105,182,100.60
Offering price per GDR USD 15.4235
Units issued 9,015,121 units (note)
Underlying securities Cash offering and common shares from selling shareholders
Common shares represented 36,060,497 shares (note)
Rights and obligations of GDR holders Same as that of common share holders
Trustee Not applicable
Depositary bank Citibank, N.A.–New York
Custodian bank Citibank Taiwan Limited
GDRS outstanding 735,672 units
Apportionment of expenses for issuance and
maintenance
All fees and expenses such as underwriting fees, legal fees, listing fees and
other expenses related to issuance of GDRS were borne by HTC and the selling
shareholders, while maintenance expenses such as annual listing fees and
accounting fees were borne by HTC.
Terms and conditions in the deposit agreement
and custody agreement See deposit agreement and custody agreement for details
Closing price per GDR
2013
High USD 41.81
Low USD 17.01
Average USD 28.29
2014.01.01~
2014.03.31
High USD 20.07
Low USD 16.74
Average USD 18.24
Note: The total number of units issued includes the 6,819,600 units originally issued (representing 27,278,400 shares of common stock) plus additional units
issued in stock dividends in past years on common shares underlying the overseas depositary receipts, as itemized below.
18 August 2004: dividends issued on common shares underlying the overseas depositary receipts in the amount of 216,088 additional units (representing
864,352 common shares)
12 August 2005: dividends issued on common shares underlying the overseas depositary receipts in the amount of 70,290 additional units (representing
281,161 common shares)
1 August 2006: dividends issued on common shares underlying the overseas depositary receipts in the amount of 218,776 additional units (representing
875,107 common shares)
20 August 2007: dividends issued on common shares underlying the overseas depositary receipts in the amount of 508,556 additional units (representing
2,034,224 common shares)
21 July 2008: dividends issued on common shares underlying the overseas depositary receipts in the amount of 488,656 additional units (representing
1,954,626 common shares)
9 August 2009: dividends issued on common shares underlying the overseas depositary receipts in the amount of 170,996 additional units (representing
683,985 common shares)
3 August 2010: dividends issued on common shares underlying the overseas depositary receipts in the amount of 311,805 additional units (representing
1,247,223 common shares)
26 July 2011: dividends issued on common shares underlying the overseas depositary receipts in the amount of 210,354 additional units (representing
841,419 common shares)
5. Employee Share Warrants
Employee share warrants are adopted to attract and retain important talent necessary for the company's
development, and to increase employees' commitment and dedication to the company, so as to jointly
benefit the company and its shareholders.
The 2th Grant was approved by Financial Supervisory Commission, Executive Yuan on September 9, 2013
and the total quantity of the current issue is 15,000,000 units. Each stock warrant unit may be used to
purchase one share of common stock of HTC. The share purchase price shall be the closing price of HTC
common stock on the date of issuance of the employee stock warrants.
1. Issuance of employee share warrants and impact to shareholders'
equity
2014.05.15
Employee Stock Options Granted 2nd Grant
Approval Date September 9, 2013
Issue (Grant) Date November 11, 2013
Number of Options Granted 15,000,000
Percentage of Shares Exercisable to
Outstanding Common Shares 1.76%
Option Duration
The duration of the stock warrants is 7 years. The stock warrants and rights and interests
therein may not be transferred, pledged, given to others, or disposed in any other manner,
except by succession.
Source of Option Shares New Common Share
Vesting Schedule（%）
After 2 full years have elapsed from the time the stock warrant holder is allocated the
employee stock warrants, the warrant holder may exercise the share purchase rights
according to the schedule set out below.
Percentage of share purchase rights that may be exercised according to the time elapsed
since the allocation of the stock warrants (cumulative)
Two full years have elapsed: 60％
Three full years have elapsed: 100％
Shares Exercised 0
Value of Shares Exercised NTD 0
Shares Unexercised 15,000,000 shares
Adjusted Exercise Price Per Share NTD 149
Percentage of Shares Unexercised to
Outstanding Common Shares 0%
Impact to Shareholders'
Equity Dilution to shareholder's equity is limited