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Notice on Finalization of Details of Issuance of Stock Compensation-type Stock Options (Stock Acquisition Rights)

Date
30 Sep 2010
Nippon Sheet Glass Co., Ltd. has decided the subscription requirements of Stock Acquisition Rights, in the form of stock options, to be allotted to certain of the Company's directors (except external directors), executive directors and executive officers on 24 August 2010, and the details of issuance of the Stock Acquisition Rights were finalized today as follows:

1. Allotment date of Stock Acquisition Rights:


30 September 2010

2. Number of Stock Acquisition Rights to be issued:


394  (Number of shares to be issued or transferred upon exercise of a Stock Acquisition Right: 1,000)

3. Amount to be paid in upon Allotment of Stock Acquisition Rights:


139,420 yen per Stock Acquisition Right (139.42 yen per share)

The amount to be paid in, however, shall be offset against the corresponding compensation obligation of the Company to the directors, etc. The above amount was calculated in accordance with the Black-Scholes model based on the closing stock price of the Allotment Date.

4. Amount to be paid with the exercise of Stock Acquisition Rights:


1 yen per share

 

5. Allottees of Stock Acquisition Rights and the number of rights to be granted

 

Allottees (Number of Allottees)

Number of Stock Acquisition Rights per Person

Total Number of Stock Acquisition Rights to be Granted

Directors (excluding external Directors) and Executive Directors of the Company (3)

between 37 and 90

188

Executive Officers of the Company (9)

between 22 and 30

206

Total (12)

-

394