Canon 2011 Annual Report Download - page 87

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Strategy Business Units Management System FINANCIAL SECTION
85
!37 !101
FINANCIAL SECTION
A summary of option activity under the stock option plans as of and for the years ended December 31, 2011, 2010 and
2009 is presented below:
Outstanding at January 1, 2009
Granted
Forfeited
Outstanding at December 31, 2009
Granted
Forfeited
Outstanding at December 31, 2010
Granted
Exercised
Forfeited
Outstanding at December 31, 2011
Exercisable at December 31, 2011
Yen U.S. dollars Year Millions of yen
Thousands of
U.S. dollars
592,000
954,000
(34,000)
1,512,000
890,000
(182,000)
2,220,000
912,000
(65,800)
(24,000)
3,042,200
1,274,200
¥5,502
3,287
4,851
4,119
4,573
3,479
4,354
3,990
3,287
4,282
¥
4,268
¥
4,257
$55.82
51.15
42.14
54.90
$54.72
$54.58
3.3
3.0
2.5
2.0
0.9
¥ —
588
722
¥
88
¥
88
$—
7,538
9,256
$ 1,128
$ 1,128
Shares
Weighted-average
exercise price
Weighted-average
remaining
contractual
term
Aggregate
intrinsic value
At December 31, 2011, 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, 2011, and changes during the year ended
December 31, 2011, is presented below:
Nonvested at January 1, 2011
Granted
Vested
Forfeited
Nonvested at December 31, 2011
yen U.S. dollars
1,662,000
912,000
(782,000)
(24,000)
1,768,000
¥
852
772
699
880
878
$ 10.92
9.90
8.96
11.28
11.26
Year ended December 31, 2011
Shares
Weighted-average
grant-date fair value
At December 31, 2011, there was ¥606 million ($7,769
thousand) of total unrecognized compensation cost related
to nonvested stock options. That cost is expected to be rec-
ognized over a weighted average period of 0.84 year. The
total fair value of shares vested during the years ended
December 31, 2011 and 2010 was ¥547 million ($7,013 thou-
sand) and ¥696 million, respectively. Cash received from the
exercise of stock options for the year ended December 31,
2011 was ¥216 million ($2,769 thousand).