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LPL » Topics » Grant of Stock Option by Board of Directors Resolution

This excerpt taken from the LPL 6-K filed Apr 8, 2005.

Grant of Stock Option by Board of Directors’ Resolution

 

1. Details of Grant:

 

  1) Grantees (No.): 9 persons

 

  2) Grant limit: 3,253,157 common shares

 

  3) Number of shares previously granted: None

 

  4) Number of shares granted this time: 450,000

 

  5) Method of grant: Granting cash for the difference between the market price and the exercise price in the event that the market price is higher than the exercise price.

 

  6) Grant date: April 7, 2005

 

  7) Date of Board of Directors’ Resolution: April 7, 2005

 

2. Terms of Exercise

 

  1) Exercise period: April 8, 2008 ~ April 7, 2012

 

  2) Exercise price: KRW44,260

 

3. Others

 

  1) Grant limit: 1% of total shares issued (325,315,700)

 

  2) Terms of Exercise: Only 50% of the initially granted shares can be exercised if the increase in the share price is the same or less than the increase in the KOSPI (Korea Composite Stock Price Index) during the 3 years following the grant date.

 

  3) Others: Exercise price shall be no less than the price evaluated in accordance with the Enforcement Decree of the Korean Securities and Exchange Act. Section (2) of Article 84-9 at the time of grant date.

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