Canon 2010 Annual Report Download - page 96
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Please find page 96 of the 2010 Canon 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.CANON ANNUAL REPORT 201094
Shares
Weighted-average
exercise price
Weighted-
average
remaining
contractual
term
Aggregate
intrinsic value
Yen U.S. dollars Year Millions of yen
Thousands of
U.S. dollars
Outstanding at January 1, 2008 — ¥ —
Granted 592,000 5,502
Forfeited — —
Outstanding at December 31, 2008 592,000 5,502 3.3 ¥ — $ —
Granted 954,000 3,287
Forfeited (34,000) 4,851
Outstanding at December 31, 2009 1,512,000 4,119 $50.85 3.0 588 7,259
Granted 890,000 4,573 56.46
Exercised —— —
Forfeited (182,000) 3,479 42.95
Outstanding at December 31, 2010 2,220,000 ¥4,354 $53.75 2.5 ¥722 $8,914
Exercisable at December 31, 2010 558,000 ¥5,502 $67.93 1.3 ¥ — $ —
A summary of option activity under the stock option plans as of and for the years ended December 31, 2010, 2009 and 2008 is
presented below:
Year ended December 31, 2010
Shares
Weighted-average
grant-date fair value
Yen U.S. dollars
Nonvested at January 1, 2010 1,512,000 ¥ 905 $11.17
Granted 890,000 988 12.20
Vested (558,000) 1,247 15.40
Forfeited (182,000) 745 9.20
Nonvested at December 31, 2010 1,662,000 ¥ 852 $10.52
At December 31, 2010, all outstanding option awards were vested or expected to be vested.
A summary of the status of the Company’s nonvested shares at December 31, 2010, and changes during the year ended
December 31, 2010, is presented below:
At December 31, 2010, there was ¥671 million ($8,284 thou-
sand) of total unrecognized compensation cost related to non-
vested stock options. That cost is expected to be recognized
over a weighted-average period of 0.86 year. The total fair value
of shares vested during the year ended December 31, 2010
was ¥696 million ($8,593 thousand).