HTC 2015 Annual Report Download - page 65

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Capital and shares
Capital and shares
126
127
4. Global Depository Receipts
　　　 2016.04.15
IssueDate 2003.11.19
IssuanceandListing Luxembourg
Total amount USD105,182,100.60
Oering price per GDR USD15.4235
Units issued 9,015,121 units (note)
Underlying securities Cash oering 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 682,620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 mainte-
nance 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
2015
High USD20.32
Low USD 4.92
Average USD 12.40
2016.01.01~
2016.04.15
High USD15.32
Low USD 8.45
Average USD 10.29
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 de-
velopment,andtoincreaseemployees’commitmentanddedicationtothecompany,soastojointlybenetthe
company and its shareholders. The 2nd and3rd Grants were approved by Financial Supervisory Commission, Exec-
utiveYuanonSeptember9,2013andAugust19,2014,andthetotalquantitiesofthecurrentissueare15,000,000
and 20,000,000 units, respectively. 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
2016.04.30/Unit:shareandNT$
Employee Stock Options Granted 2nd Grant 3rd Grant 4th Grant
Approval Date September9,2013 August 19, 2014 August 19, 2014
Issue(Grant)Date November11,2013 October31,2014 August 11, 2015
Number of Options Granted 15,000,000 19,000,000 1,000,000
PercentageofSharesExercisableto
Outstanding Common Shares 1.81% 2.30% 0.12%
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 oth-
ers, or disposed in any other manner,
except by succession.
The duration of the stock warrants
is 10 years. The stock warrants and
rights and interests therein may not
be transferred, pledged, given to oth-
ers, or disposed in any other manner,
except by succession.
The duration of the stock warrants
is 10 years. The stock warrants and
rights and interests therein may not
be transferred, pledged, given to oth-
ers, or disposed in any other manner,
except by succession.
Source of Option Shares New Common Share New Common Share 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%
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%
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 0 0
Value of Shares Exercised NTD 0 NTD 0 NTD 0
Shares Unexercised 9,650,000shares 13,084,400shares 950,000 shares
AdjustedExercisePrice
PerShare NTD149 NTD134.5 NTD54.50
PercentageofShares
Unexercised to Outstanding
Common Shares
1.17% 1.58% 0.11%
ImpacttoShareholders’Equity Dilution to shareholder’s equity is
limited
Dilution to shareholder’s equity is
limited
Dilution to shareholder’s equity is
limited
Note:Theinformationiscalculatedbasedontheissuedshares,827,641,465.