Mitsubishi 2009 Annual Report Download - page 66

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(1) Subscription of stock options
March 31, 2008
Date of approval by shareholders’
meeting: June 25, 2002
Grantees: 5 directors, 25 executive officers and 80
employees
Date of granted: June 2, 2003
Class and number of shares granted: Common stock 1,994,000
Condition of settlement of rights: Limited to directors, executive officers,
employees of the company or its
subsidiaries at exercise date (except for
those who no longer hold the above
positions due to termination of terms,
retirement, or other valid reasons)
Required service period: No provisions
Exercise period: From July 1, 2004 to June 30, 2009
(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 on grant date: –
22. Business Combinations
During the year ended March 31, 2008, in order to achieve “top level customer satisfaction in the industry and the improvement of profit-
ability” and “rapid turnaround of the results of the domestic business”, MMC reorganized and integrated its domestic sales subsidiaries.
No business combination transactions have occurred during the year ended March 31, 2009.
23. Subsequent Event
N/A
64 MITSUBISHI MOTORS CORPORATION Annual Report 2009