SUMIDA: Investor News

Notice of Details of Performance-linked Stock Option to Executive Officers of SUMIDA CORPORATION and to Directors and Employees of Its Subsidiaries

April 20th 2015
AGM
Press Release

As already informed by a previous press release, issuance of performance-linked stock option was approved by Representative Executive Officer and CEO on April 2, 2015. The details of the stock option have been finalized today as follows:

  1. Performance-linked stock option for Directors and employee of the subsidiaries
    1. The maximum number of stock option to be issued:  3,500
    2. Number of optionees 
           Directors of subsidiaries:  14
           Employees of subsidiaries:  21
    3. Amount of monetary payment to subscribe stock option:  None
    4. Class and number of shares to be delivered upon exercise of stock option:
           Common Stock 350,000 shares
    5. Exercise period:  from March 27, 2018 through March 26, 2021
  2. Performance-linked stock option for Executive Officers
    1. The maximum number of stock option to be issued:  1,700
    2. Number of optionees:
           Executive Officers of SUMIDA CORPORATION:  5
    3. Amount of monetary payment to subscribe stock option:  
           60,860 yen/stock option (608.60 yen/share)
      The above amount is a fair value per stock option. The same amount as the amount each Executive Officer has to pay will be given to each Executive Officer as compensation. The amount Each Executive Officer has to pay to subscribe stock option will be offset against Executive Officer’s compensation account receivables from the company pursuant to Article 246, Paragraph 2 of the Company Act in Japan.
    4. Class and number of shares to be delivered upon exercise:
           Common Stock 170,000 shares
    5. Exercise period:  from March 27, 2018 through March 26, 2021

Counter value associated with granting stock option will be booked as expenses starting from the second quarter of 2015 pursuant to “Accounting Standards for Stock Option (Corporate Accounting Standards No.8 issued on December 27, 2005)” and “Application Guide of Accounting Standards for Stock Option (Corporate Accounting Standards Application Guide No.11 issued on May 31, 2006)”. 

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Tel: +81-3-6758-2473

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