Bridgestone 2004 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2004 Bridgestone 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 62

  • 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

45
Financial Section
NOTE 9—STOCK-BASED COMPENSATION
The Company has a stock option plan. The stock option plan which was approved at the general shareholders meeting provides
options for purchases of the Company’s common stock for the directors and selected employees of the Company.
The date of grant, the number of grant options and exercise period at December 31, 2004 are as follows:
Date of grant Number of options granted (Thousands of shares) Exercise period
March 30, 2000 Directors 156 from April 1, 2002 to March 31, 2007
Selected employees 59 from April 1, 2002 to March 31, 2007
March 29, 2001 Directors 130 from April 1, 2003 to March 31, 2008
Selected employees 54 from April 1, 2003 to March 31, 2008
March 28, 2002 Directors 110 from April 1, 2004 to March 31, 2009
Selected employees 154 from April 1, 2004 to March 31, 2009
March 28, 2003 Directors 135 from April 1, 2005 to March 31, 2010
Selected employees 127 from April 1, 2005 to March 31, 2010
March 30, 2004 Directors 120 from April 1, 2006 to March 31, 2011
Selected employees 144 from April 1, 2006 to March 31, 2011
Total 1,189
The exercise price is equal to the higher of either 1.05 times the monthly average closing market price of the Company’s common
stock traded in the Tokyo Stock Exchange during the month preceding the date of grant, or the closing market price on the date of
grant.
During the year ended December 31, 2004, 24 thousand shares which were granted at March 29, 2001 were exercised. At December
31, 2004, the balance of the exercisable options was 663 thousand shares.