Notice Regarding Determination of Terms of the Allotment of Stock Options as Stock-Based Compensation (Stock Acquisition Rights) Tokyo, April 26, 2018 -- Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that undetermined terms have been determined as follows, with respect to the issuance of stock acquisition rights to Executive Officers and Corporate Officers as stock options as stock-based compensation, announced on April 11, 2018.
1. Total number of stock acquisition rights: 17,399 2. Persons to whom stock acquisition rights are allotted, the number of such persons, and the number of stock acquisition rights to be allotted 33 Executive Officers 13,351 of stock acquisition rights 35 Corporate Officers 4,048 of stock acquisition rights 3. Amount to be paid upon allotment of stock acquisition rights 48,520 yen per stock acquisition right (485.2 yen per share) The above amount is equal to the fair value of the stock acquisition right as calculated using the Monte Carlo Simulation at the date of the allotment. The remuneration, the amount of which shall be equal to the amount to be paid upon allotment, shall be granted by Hitachi to each person to whom stock acquisition rights are allotted, and the person shall set off such remuneration claim against his/her obligation to pay such paid-in amount of the stock acquisition rights.
(Note) For more details about the stock acquisition rights, please refer to the “Notice Regarding the Issuance of Stock Options as Stock-Based Compensation” announced on April 11, 2018.
