Sony 2003 Annual Report Download - page 207
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Consolidated Financial Information 2003
- 121 -
Presented below is a summary of the activity for common stock warrant, convertible bond and stock
acquisition rights plans for the years shown:
Year ended March 31
2001 2002 2003
Number of
Shares
Weighted-
average
exercise
price
Number of
Shares
Weighted-
average
exercise
price
Number of
Shares
Weighted-
average
exercise
price
Weighted-
average
exercise
price
Yen Yen Yen Dollars
Outstanding at beginning
of year 1,531,573 ¥6,456
2,800,270 ¥9,911 5,853,892 ¥8,648
$72.07
Granted 1,420,900 12,788 3,397,300 6,877 3,874,100 5,313 44.28
Exercised (111,103) 5,341 (8,294) 6,264 − − −
Forfeited (41,100) 12,544 (335,384) 6,384 (87,100) 8,306 69.22
Outstanding at end of year 2,800,270 ¥9,911 5,853,892 ¥8,648 9,640,892 ¥7,832 $65.27
Exercisable at end
of year 825,265 ¥6,332
2,082,640 ¥8,127 4,314,292 ¥9,773
$81.44
A summary of common stock warrants, convertible bond options and stock acquisition rights outstanding
and exercisable at March 31, 2003 is as follows:
Outstanding Exercisable
Exercise price
range
Number of
Shares
Weighted-
average
exercise price
Weighted-
average
exercise price
Weighted-
average
remaining life
Number of
Shares
Weighted-
average
exercise price
Weighted-
average
exercise price
Yen Yen Dollars Years Yen Dollars
¥4,388∼10,000 8,277,792 ¥6,948 $57.90 7.57 3,358,792 ¥8,774 $73.12
10,001∼14,757 1,363,100 13,201 110.01 4.71 955,500 13,282 110.68
¥4,388∼14,757 9,640,892 ¥7,832 $65.27 7.17 4,314,292 ¥9,773 $81.44
A summary of subsidiary tracking stock warrants and stock acquisition rights outstanding and exercisable
at March 31, 2003 is as follows:
Outstanding Exercisable
Exercise price
range
Number of
Shares
Weighted-
average
exercise price
Weighted-
average
exercise price
Weighted-
average
remaining life
Number of
Shares
Weighted-
average
exercise price
Weighted-
average
exercise price
Yen Yen Dollars Years Yen Dollars
¥1,008∼3,300 90,500 ¥2,148 $17.90 7.77 14,850 ¥3,300 $27.50
As the exercise prices for the warrant, convertible bond and stock acquisition rights plans were
determined based on the prevailing market price shortly before the date of grant, the compensation expense
for these plans were not significant for the years ended March 31, 2001, 2002 and 2003, respectively.