Omron 2007 Annual Report Download - page 72

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71
The following summarizes information about fixed stock options at March 31, 2007:
Stock Options
The Company has authorized the grant of options to purchase
common stock of the Company to certain directors and executive
officers of the Company under a fixed stock option plan.
Under the above plan, the exercise price of each option
exceeded the market price of the Company’s common stock on
the date of grant and the options expire 5 years after the date of
the grant. Generally, options become fully vested and exercisable
after 2 years. A summary of the Company’s fixed stock option
plan activity and related information is as follows:
Options outstanding at April 1, 2004
Granted
Exercised
Expired
Options outstanding at March 31, 2005
Granted
Exercised
Expired
Options outstanding at March 31, 2006
Granted
Exercised
Expired
Options outstanding at March 31, 2007
Options exercisable at March 31, 2007
Fixed options
Shares
yen
Weighted-average fair value
of options granted
during the year
¥ 2,357
2,580
1,846
1,839
¥ 2,421
2,550
2,111
2,936
¥ 2,384
3,031
2,284
2,306
¥ 2,570
¥ 2,369
1,089,000
219,000
(51,000)
(11,000)
1,246,000
213,000
(226,000)
(260,000)
973,000
217,000
(260,000)
(25,000)
905,000
475,000
¥ 194
¥ 415
¥ 539
Options outstanding at March 31, 2006
Granted
Exercised
Expired
Options outstanding at March 31, 2007
Options exercisable at March 31, 2007
Fixed options
Shares
Weighted-average fair value
of options granted
during the year
$ 20.20
25.69
19.36
19.54
$ 21.78
$ 20.08
973,000
217,000
(260,000)
(25,000)
905,000
475,000
$4.57
Options outstanding
Options exercisable
905,000
475,000
2.54 years
1.44 years
Range of exercise prices
¥ 1,913
to
¥ 3,031
¥ 1,913
to
¥ 2,580
$ 16.21
to
$ 25.69
$ 16.21
to
$ 21.86
Weighted-average exercise price
¥ 2,570
¥ 2,369
$ 21.78
$ 20.08
Yen U.S. dollars Yen U.S. dollars
Shares
Weighted-average
remaining
contractual life
U.S. dollar
Weighted-average
exercise price
Weighted-average
exercise price