Nikon 2013 Annual Report Download - page 49

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47
NIKON CORPORATION ANNUAL REPORT 2013
FINANCIAL SECTION
The stock option activities are as follows:
2003
Stock
Options
2004
Stock
Options
2005
Stock
Options
2007
Stock
Options
2007
Stock
Options
2008
Stock
Options
2009
Stock
Options
2010
Stock
Options
2012
Stock
Options
2012
Stock
Options
For the year ended March 31, 2012
Non-vested
March 31, 2011—Outstanding
Granted 99,700
Canceled
Vested 99,700
March 31, 2012—Outstanding
Vested
March 31, 2011—Outstanding 27,000 119,000 141,000 99,000 26,100 117,900 68,100 66,800
Vested 99,700
Exercised 17,000 21,000 12,000
Canceled 1,000
March 31, 2012—Outstanding 10,000 97,000 129,000 99,000 26,100 117,900 68,100 66,800 99,700
Exercise price ¥ 1,048 ¥ 1,225 ¥ 1,273 ¥ 2,902 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1
Average stock price at exercise ¥ 1,799 ¥ 1,779 ¥ 1,779
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734 ¥ 1,408 ¥ 1,527 ¥ 2,037
For the year ended March 31, 2013
Non-vested
March 31, 2012—Outstanding
Granted 108,300
Canceled
Vested 108,300
March 31, 2013—Outstanding
Vested
March 31, 2012—Outstanding 10,000 97,000 129,000 99,000 26,100 117,900 68,100 66,800 99,700
Vested 108,300
Exercised 10,000 42,000 13,000
Canceled
March 31, 2013—Outstanding 55,000 116,000 99,000 26,100 117,900 68,100 66,800 99,700 108,300
Exercise price ¥ 1,048 ¥ 1,225 ¥ 1,273 ¥ 2,902 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1
Average stock price at exercise ¥ 2,290 ¥ 2,245 ¥ 2,323
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734 ¥ 1,408 ¥ 1,527 ¥ 2,037 ¥ 1,726
The assumptions used to measure the fair value of 2013 Stock Options which were granted on August 23, 2012:
Estimate method: Black-Scholes option-pricing model
Volatility of stock price: 47.635%
Estimate remaining outstanding period: 15 years
Estimate dividend: ¥38.00 per share
Risk free interest rate: 1.379%