Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
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Type of<br />
arrangement<br />
Grant date<br />
Stock<br />
price (in<br />
dollars)<br />
Exercise<br />
price (in<br />
dollars)<br />
Expected<br />
price<br />
volatility<br />
(Note)<br />
Expected<br />
vesting<br />
period<br />
Expected<br />
dividend<br />
yield rate<br />
Risk-free<br />
interest rate<br />
Fair value<br />
per unit (in<br />
dollars)<br />
Fourth stock<br />
option 2008.10.13 $13.2 $13.2 28.37% 3.47 years 0% 1.96% $3.12<br />
incention plan<br />
〞 2008.10.27 $11.35 $11.35 28.42% 3.47 years 0% 1.89% $2.67<br />
Fifth stock<br />
option 2009.04.29 $14.3 $14.3 34.87% 3.67 years 0% 0.93% $3.92<br />
incention plan<br />
〞 2009.07.03 $13.3 $13.3 34.36% 3.67 years 0% 1.02% $3.62<br />
Sixth stock<br />
optin incentive 2009.10.05 $13.9 $13.9 35.25% 3.61 years 0% 0.55% $3.75<br />
plan<br />
Note:In accordance with EITF92-205, if the enterprise’s historical stock prices<br />
were significantly abnormal, those prices shall be excluded from the reference<br />
values in calculating expected price volatility rate. Expected price volatility rate<br />
is determined based on the stock prices for the recent period that is as long as<br />
the expected vesting period of stock options, and taking into account the effect<br />
of earnings appropriation every year on stock price.<br />
J. Expenses incurred on share-based payment transactions are shown below:<br />
2009 2008<br />
Equity-settled $ 120,623 $ 16,591<br />
20) Treasury stock<br />
A. Changes in the treasury stock for the years ended December 31, 2009 and 2008<br />
are set forth below:<br />
2009<br />
(in thousands of shares)<br />
Reason for reacquisition Beginning shares Addition Reduction Ending shares<br />
<strong>To</strong> be reissued to employees 10,000 - - 10,000<br />
Company’s common shares held by<br />
20,366 - - 20,366<br />
its subsidiaries, TFC Investment<br />
Co., Ltd.<br />
Company’s common shares held by<br />
its subsidiaries, SSDL<br />
2,764 - - 2,764<br />
2008<br />
(in thousands of shares)<br />
Reason for reacquisition Beginning shares Addition Reduction Ending shares<br />
<strong>To</strong> be reissued to employees 650 9,350 - 10,000<br />
Company’s common shares held by<br />
19,583 783 - 20,366<br />
its subsidiaries, TFC Investment<br />
Co., Ltd.<br />
Company’s common shares held by<br />
its subsidiaries, SSDL<br />
2,658 106 - 2,764<br />
B. Pursuant to the R.O.C. Securities and Exchange Law, the number of shares<br />
bought back as treasury stock should not exceed 10% of the number of the<br />
Company’s issued and outstanding shares and the amount bought back should not<br />
~126~
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