Annual Report 2009 - Daiichi Sankyo

17.
Stock Option Plans
The Company and its certain subsidiaries have implemented stock option plans. Stock option expense included in selling,
general and administrative expenses for the year ended March 31, 2009 and 2008 amounted to ¥382 million ($3,898 thousand)
and ¥258 million, respectively.
(1) Stock Options by the Company
Under the Company’s stock option plan, subscription rights to shares were granted to directors and corporate officers of the
Company. The outline of stock options provided by the Company as of March 31, 2009 was as follows:
2007 2008
Stock option
Stock option
Individuals covered by the plan:
Directors 6 6
Corporate officers 20 20
Total 26 26
Class and number of stocks (shares)
Common stock 101,900 172,000
Date of the grant February 15, 2008 November 17, 2008
Required service period — —
Exercise period February 16, 2008 to November 18, 2008 to
February 15, 2038 November 17, 2038
The movement of stock options was as follows:
2007 2008
Stock option Stock option
Subscription rights to shares which have not been vested (shares):
Outstanding as of March 31, 2008 — —
Granted — 172,200
Forfeited/expired — —
Vested — 172,200
Outstanding as of March 31, 2009 — —
Subscription rights to shares which have been vested (shares):
Outstanding as of March 31, 2008 101,900 —
Vested — 172,200
Exercised — —
Forfeited/expired — —
Outstanding as of March 31, 2009 101,900 172,200
Price information of stock options was as follows:
Yen
2007 2008
Stock option Stock option
Exercise price ¥0,001 ¥0,001
Average market price of the stock at the time of exercise — —
Fair value (date of the grant) ¥2,528 ¥1,342
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Daiichi Sankyo Co., Ltd. Annual Report 2009