Mitsubishi 2010 Annual Report Download - page 65

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(a) Subscription of stock options
March 31, 2009
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
(b) Size and fluctuation of stock options
Outstanding stock options during the year ended March 31, 2009 converted to numbers of shares are as follows:
March 31, 2009
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:
975,000
Vested during the year:
–
Exercised during the year:
1,000
Forfeited during the year:
8,000
Outstanding at the end of the year:
966,000
Exercise price:
¥173
Weighted average market price at exercise date:
¥183
Fair evaluation price on grant date:
–
63
MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010