Stock Options
Fundely has adopted a stock option system with the aim of increasing the incentive for its directors and employees to improve their performance.
Pursuant to provisions in the Companies Act, we received approval at the general shareholders meeting or board of directors meetings to grant our directors and employees stock acquisition rights.
Details of Stock Options
|
4th Stock Acquisition Rights (Stock Options) |
5th Stock Acquisition Rights (Treasury Stock Options) |
6th Stock Acquisition Rights (Stock Options) |
|
|---|---|---|---|
| Date of resolution | March 12, 2014 | February 15, 2018 | February 15, 2018 |
| Classifications and number of people to be allocated the rights |
Directors of the company: 2 people Employees of the company: 39 people |
Directors of the company: 3 people | Employees of the company: 49 people |
| Number of stock options and treasury stock options by stock type | Common stock: 194,100 shares | Common stock: 36,000 shares | Common stock: 36,600 shares |
| Allocation date | March 12, 2014 | March 30, 2018 | March 30, 2018 |
| Conditions for the rights to become final and binding | Have worked continuously from the allocation date (March 12, 2014) until the date that the rights become final and binding (March 31, 2016).(Note 1) | (Note 1) |
Have worked continuously from the allocation date (March 30, 2018) until the date that the rights become final and binding (March 30, 2020).
(Note 2) |
| Effective work period | From March 12, 2014 to March 31, 2016 |
From March 30, 2018 to June 30, 2019 |
(1) from March 30, 2018 to March 30, 2020 (2) from March 30, 2018 to March 30, 2021 (3) from March 30, 2018 to March 30, 2022 (4) from March 30, 2018 to March 30, 2023 |
| Period to exercise the rights | From April 1, 2016 to February 29, 2024 |
From July 1, 2019 to June 30, 2024 |
From March 31, 2020 to March 30, 2024 |
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When the conditions cited in the following items are met in an audited income statement (a consolidated income statement if a consolidated financial statement is prepared) that is included in the company's securities report concerning any of the business years between the term ending March 2019 and the term ending March 2023, stock acquisition right holders may exercise their rights within the limits of the percentage cited below (hereinafter referred to as "the exercisable percentage") out of the stock acquisition rights allocated to them between the first day of the month following the submission date of the securities report for the business year that those conditions are met and the last date of the period for exercising their rights. Stock acquisition right holders may exercise any of the relevant items. Any amount less than one for exercisable stock acquisition rights shall be rounded down.
(1) When operating profit exceeds 2,000 million yen, the exercisable percentage is 50%.
(2) When operating profit exceeds 2,500 million yen, the exercisable percentage is 100%. -
Stock acquisition right holders may exercise all or part of their stock acquisition rights in accordance with the following classifications.
(1) Holders may exercise two-fifths of the allocated stock acquisition rights between March 31, 2020 and March 30, 2021 (Any amount less than one for exercisable stock acquisition rights shall be rounded down.).
(2) Holders may exercise three-fifths of the allocated stock acquisition rights between March 31, 2021 and March 30, 2022 (Any amount less than one for exercisable stock acquisition rights shall be rounded down.).
(3) Holders may exercise four-fifths of the allocated stock acquisition rights between March 31, 2022 and March 30, 2023.
(4) Holders may exercise all of the allocated stock acquisition rights between March 31, 2023 and March 30, 2024.