(Issuance and Exercise of Share options) on November 1, 2009, olympic Company a share-option plan that granted options to key executives to purchase 40,000 shares of the company's $10 par value ordinary shares.
The options were granted on January 2, 2010, and were vested 2 years after the date of grant if the grantee was still an employee of the company.
The options expired 6 years from date of grant. The option price was set at $40, and the fair value option-pricing model determines the total compensation expense to be $600,000.
All of the options were exercised during the year 2012: 30,000 on January 3 when the market price 10,000 on May 1 when the market price was $77 a share.
(Issuance and Exercise of Share options) on November 1, 2009, olympic Company a share-option plan that granted options to key executives to purchase 40,000 shares of the company's $10 par value ordinary shares. The options were granted on January 2, 2010, and were vested 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $40, and the fair value option-pricing model determines the total compensation expense to be $600,000. All of the options were exercised during the year 2012: 30,000 on January 3 when the market price 10,000 on May 1 when the market price was $77 a share.
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