Olympus 2010 Annual Report Download - page 51

OLYMPUS 2010 49
13. STOCK OPTION PLANS
A summary of information regarding the consolidated subsidiaries stock option plans for the year ended March 31,2010 was as follows:
ITX Corporation Other consolidated subsidiaries
Qualified beneficiaries ............................................................................ 5 directors
1 corporate auditor
91 employees
6 directors of subsidiaries
of ITX Corporation
19 directors
4 corporate auditors
273 employees
3 directors of subsidiaries
8 employees of subsidiaries
2 external coagents
Class and number of shares of common stock for which new subscription
rights were offered .................................................................................
Common stock
5,795
Common stock
12,343
Date of rights granted ............................................................................. From October 6, 2005
to April 28, 2006
From July 22, 2005
to September 1, 2008
Period of exercise of rights ...................................................................... From June 24, 2007
to June 23, 2010
From June 30, 2007
to August 22, 2018
Number of options before vested
March 31, 2009 ..................................................................................... —2,211
Granted ................................................................................................. — —
Lapsed .................................................................................................. — —
Vested .................................................................................................. —1,620
March 31, 2010 ..................................................................................... —591
Number of options vested
March 31, 2009 ..................................................................................... 3,730 8,558
Vested .................................................................................................. —1,620
Exercised .............................................................................................. — —
Lapsed .................................................................................................. 245 386
March 31, 2010 ..................................................................................... 3,485 9,792
For stock options exercised during the year:
Exercise 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) ............................................................................... ¥268,257 ¥56,159
No stock options were exercised during the year ended March 31, 2010.
The total intrinsic value of the stock options was nil at the year ended March 31, 2010.
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 value on the stock option of the other consolidated subsidiaries was 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 at the year ended March 31, 2009.