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48 OLYMPUS 2008
12. STOCK OPTION PLANS
A summary of information regarding the consolidated subsidiaries stock option plans for the year ended March 31, 2008 was as follows:
ITX Corporation Other consolidated subsidiaries
Qualified beneficiaries ............................................................................ 5 directors 39 directors
1 corporate auditor 5 corporate auditors
91 employees 498 employees
6 directors of subsidiaries 3 directors of subsidiaries
of ITX Corporation 29 employees of subsidiaries
6 external coagents
Class and number of shares of common stock for which new subscription
rights were offered ................................................................................. Common stock Common stock
5,795 23,832
Date of rights granted ............................................................................. From October 6, 2005 From April 25, 2005
to April 28, 2006 to September 28, 2007
Period of exercise of rights ...................................................................... From June 24, 2007 From October 1, 2005
to June 23, 2010 to March 31, 2019
Number of options before vested
March 31, 2007 ...................................................................................... 5,050 11,600
Granted ................................................................................................. — 4,276
Lapsed ................................................................................................... — 1,008
Vested ................................................................................................... 5,050 8,647
March 31, 2008 ...................................................................................... — 6,221
Number of options vested
March 31, 2007 ...................................................................................... — 5,007
Vested ................................................................................................... 5,050 8,647
Exercised ............................................................................................... — 70
Lapsed ................................................................................................... 580 359
March 31, 2008 ...................................................................................... 4,470 13,225
For stock options exercised during the year:
Exercise price (yen) ................................................................................ ¥ — ¥50,000
Average price of common stock at the date of exercise (yen) .................. ¥ — ¥50,000
For stock options outstanding at the end of the year:
Exercise price (yen) ................................................................................ ¥267,413 ¥45,760
One of the other consolidated subsidiaries completed a 2-for-1 stock split by way of a free share distribution at the year ended March
31, 2008. The number of options and exercise price in the avobe information reflect from the stock split.
The fairly evaluated unit value on the stock option of the other consolidated subsidiaries was evaluated by the intrinsic value per unit
for the year ended March 31, 2008. The evaluation methods utilized by the consolidated subsidiaries were net equity value method, cash
flow method, or other methods which were optimum at the evaluation dates.
The total intrinsic value of the stock options was ¥31 million ($295 thousand) at the year ended March 31, 2008.
The total intrinsic value of the stock options exercised during the year was ¥- million ($- thousand) at the date of exercise.