Anritsu Corporation Announces Regarding Stock Options

25th April 2013

ES Admin

0 0

Anritsu hereby makes the following announcement: at the meeting of the board of directors held on the date hereof, the board of directors decided that the proposal to issue stock acquisition rights as stock options (the “Stock Acquisition Right(s)”) be made to the shareholders at the 87th Annual General Meeting of Shareholders to be held on June 26, 2013.

1. Issuing Stock Acquisition Rights to directors of the Company as compensation

(1) Reason for Issuing Stock Acquisition Rights to directors of the Company as compensation:
The reason for issuing Stock Acquisition Rights is to motivating directors of the Company to improve the business performance and increase shareholder value.
(2) Maximum limit of compensation:

¥25M / year (aside maximum limit of usual compensation ¥260M / year)
(3) Person to Whom Stock Acquisition Rights Will be Allocated:
Full-time directors of the Company.
(4) Type / Number of Shares under Stock Acquisition Rights:
Up to and including 50,000 shares of common stock of the Company.

(5) Total Number of Stock Acquisition Rights to be Issued:

Up to and including 500 Stock Acquisition Rights.
(6) Exercise Period of Stock Acquisition Rights:
From August 22, 2016 through August 21, 2022.

If the last day of such period falls on a holiday of the Company, the immediately preceding business day shall be the last day of such period.

2. Issuing Stock Acquisition Rights to employees of the Company and directors of its subsidiaries

(1) Reason for Issuing Stock Acquisition Rights upon Especially Favorable Terms towards Persons other than the shareholders:

The reason for issuing Stock Acquisition Rights is to motivating employees of the Company and directors and employees of its subsidiaries to improve the business performance and increase shareholder value.
(2) Person to Whom Stock Acquisition Rights Will be Allocated:
Vice presidents and important employees of the Company, and directors and important employees of its domestic subsidiaries.

(3) Type / Number of Shares under Stock Acquisition Rights:
Up to and including 190,000 shares of common stock of the Company.
(4) Total Number of Stock Acquisition Rights to be Issued:
Up to and including 1,900 Stock Acquisition Rights.
(5) Issue Price of Stock Acquisition Rights:
To be issued without receipt of consideration.
(6) Exercise Period of Stock Acquisition Rights:
From August 22, 2016 through August 21, 2022.
If the last day of such period falls on a holiday of the Company, the immediately preceding business day shall be the last day of such period.