Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
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April 30, 2010<br />
Type of employees’ stock<br />
options<br />
5 th employees’ stock option<br />
(2 nd term)<br />
6 th employees’ stock option<br />
(1 st term)<br />
6 th employees’ stock option<br />
(2 nd term)<br />
7 th employees’ stock option<br />
(4 th time after merging<br />
TYANComputer Corp. shares)<br />
8 th employees’ stock option<br />
(1 st term)<br />
Date approved by authorities 12.01, 2006 04.16, 2007 04.16, 2007 08.24, 2007 09.30, 2007<br />
Issuing (processing) date 01.11,2007 07.30, 2007 08.17, 2007 09.26, 2007 10.13, 2008<br />
Issuance (Note 1) 32,000 units 32,000 units 32,000 units 1,245.222units(note2) 42,500units<br />
Ratio of stock option to outstanding<br />
shares<br />
2.08% 2.08% 2.08% 0.08% 2.77%<br />
Valid Duration 6 years 6 years 6 years 6 years 6 years<br />
Performance Issue stock shares Issue stock shares Issue stock shares Issue stock shares Issue stock shares<br />
Limited stock option period and ratio<br />
(%)<br />
Employees hold stock options<br />
over two years can exercise<br />
their options until ten days<br />
before their expiration, except<br />
for any suspension by law.<br />
Time Exercise Percentage<br />
More than 2 years 50%<br />
More than 3 years 75%<br />
More than 4 years 100%<br />
Employees hold stock options<br />
over two years can exercise<br />
their options until ten days<br />
before their expiration, except<br />
for any suspension by law.<br />
Time Exercise Percentage<br />
More than 2 years 50%<br />
More than 3 years 75%<br />
More than 4 years 100%<br />
Employees hold stock options<br />
over two years can exercise<br />
their options until ten days<br />
before their expiration, except<br />
for any suspension by law.<br />
Time Exercise Percentage<br />
More than 2 years 50%<br />
More than 3 years 75%<br />
More than 4 years 100%<br />
Employees hold stock options<br />
over two years can exercise<br />
their options until ten days<br />
before their expiration, except<br />
for any suspension by law.<br />
Time Exercise Percentage<br />
More than 2 years 50%<br />
More than 3 years 75%<br />
More than 4 years 100%<br />
Employees hold stock options<br />
over two years can exercise<br />
their options until ten days<br />
before their expiration, except<br />
for any suspension by law.<br />
Time Exercise Percentage<br />
More than 2 years 50%<br />
More than 3 years 75%<br />
More than 4 years 100%<br />
Stock shares exercised 0 0 0 0 0<br />
Stock value exercised 0 0 0 0 0<br />
Unexercised stocks (note 3) 180,000 shares 180,000 shares 169,000 shares 728,356 shares 39,412,000shares<br />
Stock option price of outstanding stock<br />
option<br />
NT$29.7 NT$35 NT$31.7 NT$19.7 NT$13<br />
Ratio of outstanding stock option to<br />
outstanding shares (%)<br />
0.01% 0.01% 0.01% 0.05% 2.57%<br />
Impact on shareholder’s equity<br />
All employees cannot exercise<br />
their stock options for two<br />
years; therefore, it does not<br />
cause significant dilution<br />
effect on shareholder’s equity.<br />
All employees cannot exercise<br />
their stock options for two<br />
years; therefore, it does not<br />
cause significant dilution<br />
effect on shareholder’s equity.<br />
All employees cannot exercise<br />
their stock options for two<br />
years; therefore, it does not<br />
cause significant dilution<br />
effect on shareholder’s equity.<br />
Note 1: Each stock option can exercise 1,000 common shares of MiTAC.<br />
Note 2: Followed the merger agreement to make the shares-subscription amount and price per unit in a ratio of (MiTAC: TYAN = 1: 1.26).<br />
Note 3: After deduction of given-up shares.<br />
All employees cannot exercise<br />
their stock options for two<br />
years; therefore, it does not<br />
cause significant dilution<br />
effect on shareholder’s equity.<br />
All employees cannot exercise<br />
their stock options for two<br />
years; therefore, it does not<br />
cause significant dilution<br />
effect on shareholder’s equity.<br />
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