Nikon 2010 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2010 Nikon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 62

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62

43
Nikon Corporation Annual Report 2010
The stock option activity is as follows:
(Shares)
2001
Stock Options
2003
Stock Options
2004
Stock Options
2005
Stock Options
2007
Stock Options
2007
Stock Options
2008
Stock Options
2009
Stock Options
For the year ended March 31, 2009
Non-vested
March 31, 2008—Outstanding 99,000 117,900
Granted
Canceled
Vested 99,000 117,900
March 31, 2009—Outstanding
Vested
March 31, 2008—Outstanding 59,000 78,000 164,000 157,000 26,100
Vested 99,000 117,900
Exercised 5,000 19,000 13,000 9,000
Canceled
March 31, 2009—Outstanding 54,000 59,000 151,000 148,000 99,000 26,100 117,900
Exercise price ¥ 1,321 ¥ 1,048 ¥ 1,225 ¥ 1,273 ¥ 2,902 ¥ 1 ¥ 1
Average stock price at exercise ¥ 3,139 ¥ 3,145 ¥ 3,157 ¥ 3,191
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734
For the year ended March 31, 2010
Non-vested
March 31, 2009—Outstanding
Granted 68,100
Canceled
Vested 68,100
March 31, 2010—Outstanding
Vested
March 31, 2009—Outstanding 54,000 59,000 151,000 148,000 99,000 26,100 117,900
Vested 68,100
Exercised 12,000 11,000 15,000 3,000
Canceled 8,000
March 31, 2010—Outstanding 34,000 48,000 136,000 145,000 99,000 26,100 117,900 68,100
Exercise price ¥ 1,321 ¥ 1,048 ¥ 1,225 ¥ 1,273 ¥ 2,902 ¥ 1 ¥ 1 ¥ 1
Average stock price at exercise ¥ 1,649 ¥ 1,581 ¥ 1,546 ¥ 1,606
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734 ¥ 1,408
The assumptions used to measure the fair value of 2009 Stock Options which were granted on August 10, 2009.
Estimate method: Black-Scholes option pricing model
Volatility of stock price: 47.460%
Estimate remaining outstanding period: fi fteen years
Estimate dividend: ¥18.00 per share
Interest rate with risk free: 1.909%