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Strategy FINANCIAL SECTION
80 Corporate DataBusiness Segment Corporate Structure
A summary of option activity under the stock option plans as of and for the years ended December 31, 2013, 2012 and
2011 is presented below:
At December 31, 2013, all outstanding option awards were vested.
A summary of the status of the Company’s nonvested shares at December 31, 2013, and changes during the year ended
December 31, 2013, is presented below:
The total fair value of shares vested during the years ended
December 31, 2013, 2012 and 2011 was ¥570 million ($5,429
thousand), ¥848 million and ¥547 million, respectively. Cash
received from the exercise of stock options for the years ended
December 31, 2013, 2012 and 2011 was ¥28 million ($267
thousand), ¥35 million and ¥216 million, respectively.
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, 2011 2,220,000 ¥ 4,354 2.5 ¥ 722
Granted 912,000 3,990
Exercised (65,800) 3,287
Forfeited (24,000) 4,282
Outstanding at December 31, 2011 3,042,200 4,268 2.0 88
Exercised (10,800) 3,287
Forfeited (305,000) 4,493
Outstanding at December 31, 2012 2,726,400 4,247 1.6 37
Exercised (8,600) 3,287 $ 31.30
Forfeited (60,400) 4,461 42.49
Outstanding at December 31, 2013 2,657,400 ¥ 4,245 $ 40.43 1.0 ¥ 28 $ 267
Exercisable at December 31, 2013 2,657,400 ¥ 4,245 $ 40.43 1.0 ¥ 28 $ 267
Year ended December 31, 2013
Shares
Weighted-average
grant-date fair value
Yen U.S. dollars
Nonvested at beginning of year 738,000 ¥ 772 $ 7.35
Vested (738,000) 772 7.35
Forfeited — — —
Nonvested at end of year — — —