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
Details of Grant:
Grantees (No.): 9 persons
Grant limit: 3,253,157 common shares
Number of shares previously granted: None
Number of shares granted this time: 450,000
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.
Grant date: April 7, 2005
Date of Board of Directors Resolution: April 7, 2005
Terms of Exercise
Exercise period: April 8, 2008 ~ April 7, 2012
Exercise price: KRW44,260
Grant limit: 1% of total shares issued (325,315,700)
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.
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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