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62 Nissan Annual Report 2009
(2) Changes in the size of stock options
The following describes changes in the size of stock options that existed during the year ended March 31, 2008. The number of stock
options is translated into the number of shares.
1) Number of stock options
Company name The Company The Company The Company
2003 Stock Options 2004 Stock Options 2005 Stock Options
Share subscription rights which are
not yet vested (shares):
As of March 31, 2007 — — 8,422,000
Granted — — —
Forfeited — — —
Vested — — 8,422,000
Balance of options not vested — — —
Share subscription rights which have
already been vested (shares):
As of March 31, 2007 7,201,400 9,278,100 —
Vested — — 8,422,000
Exercised 646,300 38,200 273,500
Forfeited 36,000 51,000 60,000
Balance of options not exercised 6,519,100 9,188,900 8,088,500
Company name The Company The Company The Company
2006 Stock Options 2007 Stock Options [1st] 2007 Stock Options [2nd]
Share subscription rights which are
not yet vested (shares):
As of March 31, 2007 13,000,000 — —
Granted — 680,000 360,000
Forfeited 5,063,200 — —
Vested — — —
Balance of options not vested 7,936,800 680,000 360,000
Share subscription rights which have
already been vested (shares):
As of March 31, 2007 — — —
Vested — — —
Exercised — — —
Forfeited — — —
Balance of options not exercised — — —