Nikon 2014 Annual Report Download - page 69

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The stock option activities are as follows:
2004 Stock
Options
2005 Stock
Options
2007 Stock
Options
2007 Stock
Options
2008 Stock
Options
2009 Stock
Options
2010 Stock
Options
2012 Stock
Options
2013 Stock
Options
2014 Stock
Options
F or the year ended March 31,
2013
Non-vested
April 1, 2012-Outstanding
Granted 108,300
Canceled
Vested 108,300
March 31, 2013-Outstanding
Vested
April 1, 2012-Outstanding 97,000 129,000 99,000 26,100 117,900 68,100 66,800 99,700
Vested 108,300
Exercised 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 ¥ 1,225 ¥ 1,273 ¥ 2,902 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1
A verage stock price at exercise ¥ 2,245 ¥ 2,323
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734 ¥ 1,408 ¥ 1,527 ¥ 2,037 ¥ 1,726
F or the year ended March 31,
2014
Non-vested
March 31, 2013-Outstanding
Granted 119,600
Canceled
Vested 119,600
March 31, 2014-Outstanding
Vested
March 31, 2013-Outstanding 55,000 116,000 99,000 26,100 117,900 68,100 66,800 99,700 108,300
Vested 119,600
Exercised 32,000 19,000 1,900 6,600 3,000 2,800
Canceled 20,000
March 31, 2014-Outstanding 23,000 97,000 79,000 24,200 111,300 65,100 64,000 99,700 108,300 119,600
Exercise price ¥ 1,225 ¥ 1,273 ¥ 2,902 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1 ¥ 1
Average stock price at exercise ¥ 2,267 ¥ 2,183 ¥ 2,341 ¥ 2,171 ¥ 2,140 ¥ 1,999
Fair value price at grant date ¥ 840 ¥ 3,259 ¥ 734 ¥ 1,408 ¥ 1,527 ¥ 2,037 ¥ 1,726 ¥ 1,632
The assumptions used to measure the fair value of 2014 Stock Options which were granted on August 1, 2013:
Estimate method: Black-Scholes option pricing model
Volatility of stock price: 47.238%
Estimate of remaining outstanding period: 15 years
Estimate dividend: ¥31.00 per share
Risk-free interest rate: 1.272%
67
NIKON REPORT 2014