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2008/09 Annual Report Lenovo Group Limited
59
Directors’ rights to acquire shares or debentures (continued)
Share Option Schemes (continued)
3. Outstanding options
Particulars of the outstanding options are as follows:
Options
Options Options Options cancelled/ Options
held at granted exercised lapsed held at
April 1, during during during March 31, Exercise
2008 the year the year the year 2009 price Grant date Exercise period
HK$ (MM.DD.YYYY) (MM.DD.YYYY)
Old Option Scheme
Directors
Mr. Liu Chuanzhi 2,250,000 – 2,250,000 – 0 2.876 08.31.2001 08.31.2001 to 08.30.2011
Mr. Yang Yuanqing 6,000,000 – – – 6,000,000 4.072 04.16.2001 04.16.2001 to 04.15.2011
2,250,000 – – – 2,250,000 2.876 08.31.2001 08.31.2001 to 08.30.2011
Ms. Ma Xuezheng 2,920,000 – – – 2,920,000 4.072 04.16.2001 04.16.2001 to 04.15.2011
1,600,000 – – – 1,600,000 2.876 08.31.2001 08.31.2001 to 08.30.2011
Continuous contract 6,696,000 – 186,000 – 6,510,000 4.038 01.28.2000 01.28.2000 to 01.27.2010
employees 55,012,000 – 2,962,000 – 52,050,000 4.312 01.15.2001 01.15.2001 to 01.14.2011
21,902,000 – 3,006,000 – 18,896,000 4.072 04.16.2001 04.16.2001 to 04.15.2011
832,000 – 832,000 – 0 2.904 08.29.2001 08.29.2001 to 08.28.2011
38,316,000 – 3,664,000 – 34,652,000 2.876 08.31.2001 08.31.2001 to 08.30.2011
New Option Scheme
Directors
Mr. Liu Chuanzhi 3,000,000 – 3,000,000 – 0 2.245 04.26.2003 04.26.2003 to 04.25.2013
Mr. Yang Yuanqing 3,000,000 – – – 3,000,000 2.245 04.26.2003 04.26.2003 to 04.25.2013
Ms. Ma Xuezheng 1,600,000 – – – 1,600,000 2.245 04.26.2003 04.26.2003 to 04.25.2013
Continuous contract 9,116,000 – 420,000 – 8,696,000 2.435 10.10.2002 10.10.2002 to 10.09.2012
employees 33,456,000 – 1,936,000 – 31,520,000 2.245 04.26.2003 04.26.2003 to 04.25.2013
79,367,051 – 3,876,000 – 75,491,051 2.545 04.27.2004 04.27.2004 to 04.26.2014
1,740,000 – 1,740,000 – 0 2.170 07.08.2004 07.08.2004 to 07.07.2014
Other participants 12,362,000 – 1,076,000 – 11,286,000 2.435 10.10.2002 10.10.2002 to 10.09.2012
1,540,000 – – – 1,540,000 2.245 04.26.2003 04.26.2003 to 04.25.2013
Notes:
1.
Weighted average closing price of the listed or
dinary shar
es
of the Company immediately befor
e the dates on which the option
s wer
e exer
cised
by continuous contract employees under the Old Option Scheme wa
s HK$5.375.
2.
Weighted average closing price of the listed or
dinary shar
es
of the Company immediately befor
e the dates on which the option
s wer
e exer
cised
by continuous contract employees under the New Option Scheme wa
s HK$5.746.
3.
Weighted average closing price of the listed or
dinary shar
es
of the Company immediately befor
e the dates on which the option
s wer
e exer
cised
by other participants under the New Option Scheme was HK$
5.562
.
4. Valuation of share options
The share options granted are not recognized in the financial statements until they are exercised. The directors consider
that it is not appropriate to value the share options on the ground that certain crucial factors for such valuation are variables
which cannot be reasonably determined at this stage. Any valuation of the share options based on speculative assumptions
in respect of such variables would not be meaningful and the results thereof may be misleading to the shareholders. Thus, it
is more appropriate to disclose only the market price and exercise price.