Download Full Version - UMC
Download Full Version - UMC
Download Full Version - UMC
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
48 United Microelectronics Corporation Annual Report 2004<br />
Employee Stock Option Certificates<br />
Status of Stock Option Plan and Impact on Stockholders’ Equity<br />
Type<br />
Employee Stock Option Certificates<br />
1 st Issued,<br />
1 st Round 2002<br />
2 nd Issued,<br />
1 st Round 2002<br />
1 st Issued,<br />
1 st Round 2003<br />
2 nd Issued,<br />
1 st Round 2003<br />
3 rd Issued,<br />
1 st Round 2003<br />
1 st Issued,<br />
1 st Round 2004<br />
Date of approval 2002.9.11 2002.9.11 2003.10.8 2003.10.8 2003.10.8 2004.9.30<br />
Issue date 2002.10.7 2003.1.3 2003.11.26 2004.3.23 2004.7.1 2004.10.13<br />
Units issued 939,000,000 61,000,000 57,330,000 33,330,000 56,590,000 20,200,000<br />
Ratio of issue shares to outstanding<br />
shares (%)<br />
5.27 0.34 0.32 0.19 0.32 0.11<br />
Option duration 2002.10.7 ~<br />
2008.10.6<br />
2003.1.3 ~<br />
2009.1.2<br />
2003.11.26 ~<br />
2009.11.25<br />
2004.3.23 ~<br />
2010.3.22<br />
2004.7.1 ~<br />
2010.6.30<br />
2004.10.13 ~<br />
2010.10.12<br />
Method for performance of<br />
contract<br />
The issue of new<br />
shares<br />
The issue of new<br />
shares<br />
The issue of new<br />
shares<br />
The issue of new<br />
shares<br />
The issue of new<br />
shares<br />
The issue of new<br />
shares<br />
Vesting schedule<br />
The vesting period for employee options is six years. Employees may exercise up to 50% of the options after two years,<br />
up to 75% after three years and up to 100% after four years.<br />
Exercised shares 80,601,500 100,000 – – – –<br />
Exercised amount 1,426,646,550 1,990,000 – – – –<br />
Un-exercised shares 858,398,500 60,900,000 57,330,000 33,330,000 56,590,000 20,200,000<br />
Exercise price NTD 20.0<br />
(Original)<br />
NTD 17.7<br />
(After Dividend)<br />
Ratio of un-exercised shares<br />
to outstanding shares (%)<br />
NTD 22.5<br />
(Original)<br />
NTD 19.9<br />
(After Dividend)<br />
NTD 30.2<br />
(Original)<br />
NTD 27.8<br />
(After Dividend)<br />
NTD 27.9<br />
(Original)<br />
NTD 25.7<br />
(After Dividend)<br />
NTD 25.2<br />
(Original)<br />
NTD 23.2<br />
(After Dividend)<br />
4.81 0.34 0.32 0.19 0.32 0.11<br />
NTD 20.0<br />
Effect on current shareholders<br />
due to dilution<br />
The strike price for the shares is the market price at the time of issue and the vesting period for employee options is six<br />
years. The dilution effect to current shareholders is insignificant.<br />
Notes (1) The data shown above was gathered until March 21, 2005. (2) The date of approval refers to the date when the R.O.C. SFC approved the Stock Option Plan.<br />
(3) Each unit of the stock option entitles the recipient to subscribe to one share of the Company’s common shares.
Change language