Nikon 2012 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2012 Nikon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 66

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66

45
NIKON CORPORATION ANNUAL REPORT 2012
FINANCIAL SECTION
Stock option activities are as follows:
2001
Stock
Options
2003
Stock
Options
2004
Stock
Options
2005
Stock
Options
2007
Stock
Options
2007
Stock
Options
2008
Stock
Options
2009
Stock
Options
2010
Stock
Options
2012
Stock
Options
For the year ended March 31, 2011
Non-vested
March 31, 2010—Outstanding
Granted 66,800
Canceled
Vested 66,800
March 31, 2011—Outstanding
Vested
March 31, 2010—Outstanding 34,000 48,000 136,000 145,000 99,000 26,100 117,900 68,100
Vested 66,800
Exercised 22,000 21,000 17,000 4,000
Canceled
March 31, 2011—Outstanding 12,000 27,000 119,000 141,000 99,000 26,100 117,900 68,100 66,800
Exercise price ¥ 1,321 ¥ 1,048 ¥ 1,225 ¥ 1,273 ¥ 2,902 ¥ 1 ¥ 1 ¥ 1 ¥ 1
Average stock price at exercise ¥ 1,693 ¥ 1,670 ¥ 1,669 ¥ 1,750
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734 ¥ 1,408 ¥ 1,527
For the year ended March 31, 2012
Non-vested
March 31, 2011—Outstanding
Granted 99,700
Canceled
Vested 99,700
March 31, 2012—Outstanding
Vested
March 31, 2011—Outstanding 12,000 27,000 119,000 141,000 99,000 26,100 117,900 68,100 66,800
Vested 99,700
Exercised 12,000 17,000 21,000 12,000
Canceled 1,000
March 31, 2012—Outstanding 10,000 97,000 129,000 99,000 26,100 117,900 68,100 66,800 99,700
Exercise price ¥1,321 ¥1,048 ¥1,225 ¥1,273 ¥2,902 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1
Average stock price at exercise ¥1,701 ¥1,799 ¥1,779 ¥1,779
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734 ¥ 1,408 ¥ 1,527 ¥ 2,037
The assumptions used to measure the fair value of 2012 Stock Options which were granted on March 19, 2012:
Estimate method: Black-Scholes option-pricing model
Volatility of stock price: 47.703%
Estimate remaining outstanding period: 15 years
Estimate dividend: ¥31.00 per share
Risk free interest rate: 1.520%