Konica Minolta 2015 Annual Report Download - page 123

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The Group’s share-based payments arise from the share options to the Company’s directors (excluding outside directors) and
executive officers.
No vesting conditions are attached, but in the event that an executive officer retires prior to the completion of his target service
period, he may retain a number of subscription rights to shares corresponding to that number granted multiplied by the number of
months in appointment (from the month prior to the month in which the target service period started until the month in which the
executive retired) and divided by 12. The remaining subscription rights to shares are to be returned free of charge.
The exercise period is defined in an allocation agreement, and the options are forfeited if not exercised during that period.
Options are also forfeited if the executive retires between the grant date and the date of rights allotment.
Rights exercise conditions stipulate that the rights exercise period as one year from the date when the executive steps down
from his position.The Group accounts for share-based payments as equity-settled share-based payments. Expenses related to
equity-settled share-based payment transactions are recognized as selling, general and administrative expenses in the consolidated
statements of profit or loss. This amount for the current fiscal year is ¥159 million (previous fiscal year: ¥165 million)
31. Share-based payments
Number of share
options granted Grant date Exercise Period Exercise price (Yen) Fair value at the
grant date (Yen)
1st ·············································· 194,500 August 23, 2005 June 30, 2025 ¥1 ¥1,071
2nd ··········································· 105,500 September 1, 2006 June 30, 2026 1 1,454
3rd ············································· 113,000 August 22, 2007 June 30, 2027 1 1,635
4th ············································· 128,000 August 18, 2008 June 30, 2028 1 1,419
5th ············································· 199,500 August 19, 2009 June 30, 2029 1 776
6th ············································· 188,000 August 27, 2010 June 30, 2030 1 664
7th ············································· 239,500 August 23, 2011 June 30, 2031 1 428
8th ············································· 285,500 August 22, 2012 June 30, 2032 1 518
9th ············································· 257,500 August 22, 2013 June 30, 2043 1 678
10th ········································· 159,600 September 11, 2014 June 30, 2044 ¥1 ¥1,068
2015 2014
Number of shares Weighted average
exercise price (Yen) Number of shares Weighted average
exercise price (Yen)
Outstanding at April 1, 2014 ············································ 1,373,000 ¥1 1,148,000 ¥1
Granted ················································································································· 159,600 1 257,500 1
Exercised ············································································································ 63,000 1 27,500 1
Forfeited ··············································································································· 9,500 1 5,000 1
Outstanding at March 31, 2015 ································· 1,460,100 1 1,373,000 1
Exercisable at March 31, 2015 ····································· 1,460,100 ¥1 1,373,000 ¥1
(Note 1) The number of share options outstanding for each fiscal year is converted to the number of shares.
(Note 2) The weighted average share price for share options exercised during the year was ¥1,013 (Previous consolidated fiscal year: ¥833).
(Note 3) The weighted average remaining number of years for unexercised share options in the current fiscal year was 18 years (previous fiscal year: 18
years).
122
KONICA MINOLTA, INC. Annual Report 2015
Foundation for GrowthBusiness StrategiesGrowth StrategyCompany Overview and Characteristics Financial Report