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

Date
14 Oct 2016

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 Executive Officers and Corporate Officers on 29 September 2016, and the details of issuance of the Stock Acquisition Rights were finalized today as follows:

1.  Allotment Date of Stock Acquisition Rights: 14 October 2016

2.  Number of Stock Acquisition Rights to be issued: 1,304

(Number of shares to be issued or transferred upon exercise of a Stock Acquisition Right: 100)

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

65,629 yen per Stock Acquisition Right (656.29 yen per share)
The amount to be paid in, however, shall be offset against the corresponding compensation obligation of the Company to the officers. 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 (head-count) Number of Stock Acquisition Rights per Person Total Number of Stock Acquisition Rights to be
granted
Executive Officers of the Company (5)
89 to 194
675
Corporate Officers of the Company (7)
82 to 115
629
Total (12)
1,304
End