Fujitsu 2009 Annual Report Download - page 118

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(2) Fujitsu Frontech Limited (the Company’s subsidiary)
Resolution at Board of Directors on July 23, 2008
Position and number of people entitled to stock options 4 members of the Board of Directors (excluding external board members)
8 corporate vice presidents (excluding persons holding concurrent post of
board members)
Number of shares for stock options 28,500 shares of common stock
Date granted August 11, 2008
Conditions to be vested Resignation from both board member and corporate vice president
Corresponding service period No corresponding service period due to difficulties in making a reasonable
forecast on the vesting date
Exercisable period From August 12, 2008 to August 11, 2038
Number of shares
Years ended March 31 2008 2009
Outstanding at beginning of year — —
Granted during the year — 28,500
Forfeited during the year — —
Exercised during the year — —
Outstanding at end of year — 28,500
Exercisable at end of year — —
Yen U.S. Dollars
Years ended March 31 2008 2009 2009
Exercised price ¥— ¥ 1 $0.01
Fair value per share at grant date — 924 9.43
3. Estimation method for fair value per share of stock options
The per share fair value of the stock options of Fujitsu Frontech Limited, granted during the year ended March 31, 2009 was estimated
as follows:
(1) Valuation method: Black-Scholes model
(2) Basic factors and estimation method:
Expected volatility of the share price*1 39.031%
Expected life of the option*2 4.628 years
Expected dividend*3 14 yen per share
Risk-free interest rate*4 0.958%
*1 The volatility is calculated based on the share price over a period of 4.628 years (December 26, 2003 through August 11, 2008).
*2 The expected life of the options is based on the expected service years of board member after allotment date, which is estimated from past periods of serving as board
members and the period between the date that a person to be vested becomes a board member and the allotment date.
*3 The actual dividend on common stock for the year ended March 31, 2008.
*4 Interest on government bond over the expected life of the options.
4. Estimation method for number of vesting shares
The number is based on past results of forfeited stock options because of difficulties in a reasonable estimation for future forfeiture.
116 ANNUAL REPORT 2009
FUJITSU LIMITED
Notes to Consolidated Financial Statements