Suzuki 2012 Annual Report Download - page 59

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Consolidated Financial Statements
SUZUKI MOTOR CORPORATION 57
Millions of yen
Thousands of
U.S. dollars
Guarantee of indebtedness of affiliates and others ......... ¥7,116 $86,581
Trade notes discounted ..................................................... 50 608
¥7,166 $87,189
NOTE 16: Contingent liabilities
As of March 31, 2012, The Company and some of consolidated subsidiaries had the following contingent liabilities:
NOTE 15: Stock option plan
The Company adopts stock option plan by using subscription rights to shares
The plan was adopted at the Ordinary General Meeting of Shareholders and meeting of the board of directors held on June 28, 2012
based on The Company Act of Japan.
The details of the plan are as follows
1. Resolution date
June 28, 2012
2. Category and number of people to whom stock options are granted
10 directors of The Company (excluding outside directors)
3. Type of shares to be issued on the exercise of subscription rights to sharers
Common stock of The Company
4. Number of shares
Number of subscription rights to shares shall be 800, and number of shares that are the subject to each subscription rights to
shares shall be 100.
5. Amount to be paid for subscription rights to sharers
An amount equal to the amount to be paid 1 yen per share to be delivered upon the exercise of the subscription rights to
shares multiplied by the number of shares to be granted.
6. Period during which subscription rights to sharers can be exercised
From July 21, 2012 to July 20, 2042
7. Terms of exercise of subscription rights to sharers
(1) A person who is allocated subscription rights to shares shall be able to exercise share subscription rights only up until 10th
day (the next business day if the 10th day falls on a non-business day) from the day after the date of resignation as The
Company’s Director as well as the Senior Managing Officer or Managing Officer without the role of Director being served
concurrently.
(2) If a person who is allocated subscription rights to shares was dead, heir may exercise the rights.
8. Matters relating to assignment of subscription rights to sharers
The acquisition of subscription rights to shares by assignment shall require the approval of the Board of Directors of The Com-
pany.
9. Matters relating to subrogation payment
None
Resolution was made at the meeting of board of directors held on June 28, 2012 on grant of stock options as compensation same to
mentioned above except number of subscription rights to shares (120) to 6 managing officers who does not concurrently serve as direc-
tor and issuance of new subscription rights to shares.