Olympus 2009 Annual Report Download - page 50

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12. STOCK OPTION PLANS
A summary of information regarding the consolidated subsidiaries’ stock option plans for the year ended March 31, 2009 was as follows:
ITX Corporation Other consolidated subsidiaries
Qualified beneficiaries ............................................................................ 5 directors
1 corporate auditor
91 employees
6 directors of subsidiaries
of ITX Corporation
30 directors
5 corporate auditors
425 employees
3 directors of subsidiaries
29 employees of subsidiaries
6 external coagents
Class and number of shares of common stock for which new subscription
rights were offered .................................................................................
Common stock
5,795
Common stock
17,878
Date of rights granted ............................................................................. From October 6, 2005
to April 28, 2006
From July 22, 2005
to December 16, 2008
Period of exercise of rights ...................................................................... From June 24, 2007
to June 23, 2010
From October 1, 2005
to March 31, 2019
Number of options before vested
March 31, 2008 ..................................................................................... —4,103
Granted ................................................................................................. —711
Lapsed .................................................................................................. —217
Vested .................................................................................................. —2,278
March 31, 2009 ..................................................................................... —2,319
Number of options vested
March 31, 2008 ..................................................................................... 4,470 11,455
Vested .................................................................................................. —2,278
Exercised .............................................................................................. — —
Lapsed .................................................................................................. 740 3,954
March 31, 2009 ..................................................................................... 3,730 9,779
For stock options exercised during the year:
Exercised price (yen) ............................................................................. ¥ — ¥ —
Average price of common stock at the date of exercise (yen) ................. ¥ — ¥ —
For stock options outstanding at the end of the year:
Exercise price (yen) ............................................................................... ¥267,986 ¥58,285
The fairly evaluated unit values on the stock options of the other consolidated subsidiaries were evaluated by the intrinsic value per
unit for the year ended March 31, 2009. 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 ¥24 million ($253 thousand) at the March 31, 2009 year-end.
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
1 corporate auditor
91 employees
6 directors of subsidiaries
of ITX Corporation
39 directors
5 corporate auditors
498 employees
3 directors of subsidiaries
29 employees of subsidiaries
6 external coagents
Class and number of shares of common stock for which new subscription
rights were offered .................................................................................
Common stock
5,795
Common stock
23,832
Date of rights granted ............................................................................. From October 6, 2005
to April 28, 2006
From April 25, 2005
to September 28, 2007
Period of exercise of rights ...................................................................... From June 24, 2007
to June 23, 2010
From October 1, 2005
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:
Exercised 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