Konica Minolta 2008 Annual Report Download - page 54

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51
19. Stock Option Plans
The following tables summarize details of stock option plans as of March 31, 2008.
Position and number of grantees Directors and Executive Officers: 26
Class and number of stock Common Stock: 194,500
Date of issue August 23, 2005
Condition of settlement of rights No provisions
Period grantees provide service in return for stock options From August 23, 2005 to June 30, 2006
Period stock options can be exercised From August 23, 2005 to June 30, 2025
Position and number of grantees Directors and Executive Officers: 23
Class and number of stock Common Stock: 105,500
Date of issue September 1, 2006
Condition of settlement of rights No provisions
Period grantees provide service in return for stock options From September 1, 2006 to June 30, 2007
Period stock options can be exercised From September 2, 2006 to June 30, 2026
Position and number of grantees Directors and Executive Officers: 24
Class and number of stock Common Stock: 113,000
Date of issue August 22, 2007
Condition of settlement of rights No provisions
Period grantees provide service in return for stock options From August 22, 2007 to June 30, 2008
Period stock options can be exercised From August 23, 2007 to June 30, 2027
The following table summarizes the movement of outstanding stock options for the years ended March 31, 2008 and 2007.
Number of Shares
Stock options outstanding at March 31, 2006 194,500
Granted 105,500
Exercised —
Forfeited 3,000
Stock options outstanding at March 31, 2007 297,000
Granted 113,000
Exercised 29,500
Forfeited 1,500
Stock options outstanding at March 31, 2008 379,000
The following table summarizes price information of stock options exercised during th period and outstanding stock options as of March
31, 2008.
Per unit information Exercised Outstanding at March 31, 2008
Exercise price of stock options ¥ 1 ¥ 1
Average market price of the stock at the time of exercise 1,842 —
Fair value per unit (as of grant date) — 1,634
(2) Interest Rate-Related Derivatives
Millions of yen Thousands of U.S. dollars
March 31 March 31
2008 2007 2008
Contract value Contract value Contract value
(notional (notional (notional
principal Fair Unrealized principal Fair Unrealized principal Fair Unrealized
amount) value gain (loss) amount) value gain (loss) amount) value gain (loss)
Interest rate swaps:
Pay fixed, receive floating ¥12,655 ¥(62) ¥(62) ¥8,022 ¥34 ¥34 $126,310 $(619) $(619)
Notes: 1. Fair value is provided by the financial institutions with whom the derivative contracts were concluded.
2. Contract value (notional principal amount) does not indicate the level of risk associated with interest rate swaps.
3. Derivative transactions for which hedge accounting or certain hedging criteria are met are excluded from the above table.