Canon 2012 Annual Report Download - page 83

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 81
Shares
Weighted-average
grant-date fair value
Shares
Weighted-average
exercise price
Weighted-average
remaining
contractual
term
Aggregate
intrinsic value
A summary of option activity under the stock option plans as of and for the years ended December 31, 2012, 2011 and
2010 is presented below:
Outstanding at January 1, 2010
Granted
Forfeited
Outstanding at December 31, 2010
Granted
Exercised
Forfeited
Outstanding at December 31, 2011
Exercised
Forfeited
Outstanding at December 31, 2012
Exercisable at December 31, 2012
Yen U.S. dollars Year Millions of yen
Thousands of
U.S. dollars
1,512,000
890,000
(182,000)
2,220,000
912,000
(65,800)
(24,000)
3,042,200
(10,800)
(305,000)
2,726,400
1,988,400
¥ 4,119
4,573
3,479
4,354
3,990
3,287
4,282
4,268
3,287
4,493
¥ 4,247
¥ 4,342
$ 42.14
54.90
$54.72
$ 54.58
3.0
2.5
2.0
1.6
1.1
¥ 588
722
88
¥ 37
¥ 37
$ 425
$ 425
At December 31, 2012, 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, 2012, and changes during the year ended
December 31, 2012, is presented below:
Nonvested at January 1, 2012
Vested
Forfeited
Nonvested at December 31, 2012
Yen U.S. dollars
1,768,000
(848,000)
(182,000)
738,000
¥ 878
988
796
772
$ 10.09
11.36
9.15
8.87
Year ended December 31, 2012
At December 31, 2012, there was ¥95 million ($1,092
thousand) of total unrecognized compensation cost related
to nonvested stock options. That cost is expected to be rec-
ognized over a period of 0.33 year. The total fair value of
shares vested during the years ended December 31, 2012,
2011 and 2010 was ¥848 million ($9,747 thousand), ¥547
million and ¥696 million, respectively. Cash received from
the exercise of stock options for the year ended December
31, 2012 and 2011 was ¥35 million ($402 thousand) and
¥216 million, respectively.