Mitsubishi 2008 Annual Report Download - page 79

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77
annual report 2008 mitsubishi motors corporation
(2) Size and fluctuation of stock options
Outstanding stock options during the year ended March 31, 2008 converted to numbers of shares are as follows.
March 31, 2008
Non-vested (number of shares):
Outstanding at the beginning of the year: —
Granted during the year: —
Forfeited during the year: —
Vested during the year: —
Outstanding at the end of the year: —
Vested (number of shares):
Outstanding at the beginning of the year: 1,088,000
Vested during the year: —
Exercised during the year: 85,000
Forfeited during the year: 28,000
Outstanding at the end of the year: 975,000
Exercise price: ¥173
Weighted-average market price at exercise date: ¥198
Fair evaluation price: —
(1) Subscription of stock options
March 31, 2007
Date of approval by shareholders: June 25, 2002
Grantees: 5 directors, 25 executive officers and 80
employees
Date of issue: June 2, 2003
Class and number of shares granted: Common stock 1,994,000
Condition of settlement of rights: Limited to director, executive officer,
employee of the company or its
subsidiaries at exercise date
(except for those who no longer hold
above positions due to termination of
terms, retirement, or other valid reasons)
Period grantees provide service in
return for stock options: No provisions
Exercisable period: From July 1, 2004 to June 30, 2009