Employee stock option plan notes
Employee stock option plan - Annual report ASM International
The Company has adopted various stock option plans and has entered into stock option agreements with various employees. Options are priced at market value in euro or US dollars on the date of grant. In a Stock option plan was adopted. In this plan to limit potential dilution, the amount of outstanding vested and non-vested options granted to the Management Board and to other employees will not exceed 7.
The Stock option plan consists of two sub-plans: In each of these situations the three year vesting period starts at the grant date.
The exercise price in euro of all options issued under the SOPS is determined on the basis of the market value of the ASMI shares at i. The exercise period is four years starting at the third anniversary of the vesting date. In a new Long-term incentive plan was adopted. The new Long-term incentive plan consists of two sub-plans: Options and performance shares are issued to Management Board members and restricted shares are issued to employees once per annum on the date following the publication of the first quarter results of the relevant year.
Possible grant to newly hired employees can be issued once a quarter, on the date following the publication of the financial results of the relevant quarter. By resolution of the Annual General Meeting of May 21, the formal authority to issue options and shares was allocated to the Management Board subject to the approval of the Supervisory Board.
This authority is valid for 18 months and needs to be refreshed annually by the AGM to allow the continued application of the LTI plans beyond November 20, The ELTI is principally administered by the Management Board and the MLTI is principally administered by the Supervisory Board.
This complies with applicable corporate governance standards. However, the Supervisory Board has no power to represent the Company. For external purposes the Management Board remains the competent body under both LTI plans. The LTI plans envisage that the Supervisory Board, or - in the case of the ELTI - the Management Board with the approval of the Supervisory Board, will determine the number of options and shares to be granted to the Management Board members and to employees.
Under previous plans no more options to purchase shares can be issued. The number of restricted shares outstanding at December 31, was 10, As a result of this capital distribution the underlying value of ASMI option holders was diluted.
The Management Board of ASMI and the Supervisory Board of ASMI decided to apply a theoretical adjustment ratio of 0.
These specific rules issued by NYSE Liffe are similar to the adjustment ratio as applied to traded securities that are also not entitled to receive the capital distribution. Under these rules a theoretical adjustment ratio was determined based on the value and the effective date of the capital distribution and this ratio was applied to adjust the original number of the options and the original exercise price of the outstanding options.
The following is a summary of changes in options outstanding:. As a result of the newly adopted Long-term incentive plan under which restricted shares, performance shares and employee stock options may be granted in the period following the publication of the first quarterly results no stock options were granted in In and new shares have been issued for the exercise of , options and , options respectively.
The cost relating to employee stock options is measured at fair value on the grant date. The fair value was determined using the Black-Scholes option valuation model with the following weighted average assumptions:. The expected volatility measured at the standard deviation of continuously compounded share returns is based on statistical analysis of daily share prices over the the last three years.
The impact of the true up of the estimates is recognized in the consolidated statement of operations in the period in which the revision is determined. As a result of the newly adopted Long-term incentive plan under which restricted shares, performance shares and employee options may be granted in the period following the publication of the first quarterly results no shares were granted in During the year restricted shares were granted to new hired employees only.
Welcome to our Corporate reporting site. ASMI has a dual listing on Nasdaq North America and Euronext the Netherlands. Our full Annual report is prepared in accordance with International Financial Reporting Standards 'IFRS' , as endorsed by the European Union and can be viewed online conveniently.
We also file the Annual report on Form F with the US Securities and Exchange Commission, which is available as a PDF. All our reports can be downloaded quickly and easily. Our Statutory annual report provides a comprehensive overview of company developments in It has been prepared in accordance with International Financial Reporting Standards 'IFRS' as endorsed by the European Union. VIEW ONLINE VIEW PDF. Form F , which is compiled based on US GAAP, has been filed with the Securities and Exchange Commission.
It may contain information additional to the Statutory annual report. Our goal is to create better products and add value to the company, our stakeholders and society at large in a responsible, sustainable manner. Our CS report covers all aspects of our efforts to manage our business responsibly. The Remuneration report provides a breakdown of our Management Board and Supervisory Board remuneration.
With dual listing in North America and the Netherlands, we report in US GAAP and IFRS. This document outlines the main differences for ASMI relating to US GAAP and IFRS.
ASM International Go to ASM. General information-Summary of significant accounting policies Note 2. List of significant subsidiaries Note 3. Cash and cash equivalents Note 5.
ESOP (Employee Stock Ownership Plan) Facts
Accounts receivable Note 6. Other intangible assets Note 9. Property, plant and equipment Note Assets held for sale Note Evaluation tools at customers Note Notes payable to banks Note Provision for warranty Note Accrued expenses and other Note Employee benefits Pension plans Employee stock option plan Note Commitments and contingencies Note Litigation and environmental matters Note Financial instruments and risk management Note Research and development Note Restructuring expenses Note Income taxes Note Disclosures about segments and related information Note Selected operating expenses and additional information Note Earnings per share Note Board remuneration Note Share ownership and related party transactions Note Principal accountant fees and services Note Subsequent events Note Reconciliation of IFRS to US GAAP Signing.
Every day our groundbreaking deposition technologies are helping to connect the future. Welcome to our Corporate reporting site ASMI has a dual listing on Nasdaq North America and Euronext the Netherlands. STATUTORY ANNUAL REPORT Our Statutory annual report provides a comprehensive overview of company developments in ANNUAL REPORT ON FORM F Form F , which is compiled based on US GAAP, has been filed with the Securities and Exchange Commission.
CR REPORT Our goal is to create better products and add value to the company, our stakeholders and society at large in a responsible, sustainable manner. Range of exercise prices.