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LPL » Topics » (In Won except Dividend yield ratio)

This excerpt taken from the LPL 6-K filed Mar 31, 2009.

(In Won except Dividend yield ratio)

 

     2008     2007  

Dividend per share

    500     750  

Market price of a common share as of year end

    21,000     49,500  

Dividend yield ratio

    2.38 %   1.52 %

 

29 Share-Based Payments

(a) The terms and conditions of share-based payment arrangement as of December 31, 2008 are as follows:

 

    

Descriptions

Settlement method

    Cash settlement

Type of arrangement

    Stock appreciation rights (granted to senior executives)

Date of grant

    April 7, 2005

Weighted-average exercise price (*1)

    (Won)44,050

Number of rights granted

    450,000

Number of rights forfeited (*2)

    230,000

Number of rights cancelled (*3)

    110,000

Number of rights outstanding

    110,000

Exercise period

    From April 8, 2008 to April 7, 2012

Vesting conditions

    Two years of service from the date of grant

 

(*1)  The exercise price at the grant date was (Won)44,260 per stock appreciation right (“SARs”). However, the exercise price was subsequently adjusted to (Won)44,050 due to additional issuance of common shares in 2005.

(*2)  SARs were forfeited in connection with senior executives who left the Company before meeting the vesting requirement.

(*3)  If the appreciation of the Company’s share price is equal or less than that of the Korea Composite Stock Price Index (“KOSPI”) over the three-year period following the grant date, only 50% of the outstanding SARs are exercisable. As the actual increase rate of the Company’s share price for the three-year period ending April 7, 2008 was less than that of the KOSPI for the same three-year period, only 110,000 shares, 50% of the outstanding SARs as of December 31, 2008 are exercisable.

Table of Contents

LG DISPLAY CO., LTD.

Notes to Non-Consolidated Financial Statements

December 31, 2008 and 2007

 

29 Share-Based Payments, Continued

(b) The changes in the number of SARs outstanding for the years ended December 31, 2008 and 2007 are as follows:

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