Letter To Shareholders - Mitac

4.3 Employees’ stock options
4.3.1. Employees’ stock option processed
Types of employees’ stock
options
3 nd employees’ stock options
(1 st term)
(2 st time after merging from
TYAN Computers Corp.
shares)
3 rd employees’ stock option
(2 st term)
(2 nd time after merging TYAN
Computer Corp. shares)
4 rd employees’ stock option
(1 nd term)
(3 nd time after merging TYAN
Computer Corp. shares)
4 th employees’ stock option
(2 st term)
(3 rd time after merging TYAN
Computer Corp. shares)
April 30, 2010
5 th employees’ stock option
(1 nd term)
Date approved by authorities 08.16,2005 08.16, 2005 03.31, 2006 03, 31, 2006 12, 1, 2006
Issuing (processing) date 08.31, 2005 03.10, 2006 06.30, 2006 03.19, 2007 12, 7, 2006
Issuance (Note 1) 489.278 units (Note 2) 489.278 units (Note 2) 404.759 units (Note 2) 711.895 units (Note 2) 32.000 units
Ratio of stock option to
outstanding shares
0.08% 0.03% 0.03% 0.05% 2.08%
Valid duration 6 years 6 years 6 years 6 years 6 years
Performance Issue new stock shares Issue new stock shares Issue new stock shares Issue new stock shares Issue new stock shares
Limited stock option period and
ratio (%)
Employees hold stock options
over two years can exercise
their options until ten days
before their expiration, except
for any suspension by law.
Time Exercise Percentage
More than 2 years 50%
More than 3 years 75%
More than 4 years 100%
Employees hold stock options
over two years can exercise
their options until ten days
before their expiration, except
for any suspension by law.
Time Exercise Percentage
More than 2 years 50%
More than 3 years 75%
More than 4 years 100%
Employees hold stock options
over two years can exercise
their options until ten days
before their expiration, except
for any suspension by law.
Time Exercise Percentage
More than 2 years 50%
More than 3 years 75%
More than 4 years 100%
Employees hold stock options
over two years can exercise
their options until ten days
before their expiration, except
for any suspension by law.
Time Exercise Percentage
More than 2 years 50%
More than 3 years 75%
More than 4 years 100%
Employees hold stock options
over two years can exercise
their options until ten days
before their expiration, except
for any suspension by law.
Time Exercise Percentage
More than 2 years 50%
More than 3 years 75%
More than 4 years 100%
Stock shares exercised 222,855shares 129,953shares 0 share 0 share 0 share
Stock value exercised NT$ 3,024,254 NT$ 2,495,098 NT$ 0 NT$ 0 NT$ 0
Unexercised stocks (note 3) 447,855shares 159,922shares 138,887shares 648,403shares 180,000shares
Stock option price of outstanding
stock option
NT$ 13.1 NT$ 16.7 NT$ 20.4 NT$ 20.0 NT$ 30.2
Ratio of outstanding stock option
to outstanding shares (%)
0.03% 0.01% 0.01% 0.04% 0.01%
Impact on shareholder’s equity
All employees cannot exercise
their stock options for two
years; therefore, it does not
cause significant dilution effect
on shareholder’s equity.
All employees cannot exercise
their stock options for two
years; therefore, it does not
cause significant dilution effect
on shareholder’s equity.
All employees cannot exercise
their stock options for two
years; therefore, it does not
cause significant dilution effect
on shareholder’s equity.
Note 1: Each stock option can exercise 1,000 common shares of MiTAC.
Note 2: Followed the merger agreement to make the shares-subscription amount and price per unit in a ratio of (MiTAC: TYAN = 1: 1.26).
Note 3: After deduction of given-up shares.
All employees cannot exercise
their stock options for two
years; therefore, it does not
cause significant dilution effect
on shareholder’s equity.
All employees cannot exercise
their stock options for two
years; therefore, it does not
cause significant dilution effect
on shareholder’s equity.
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