Annual Reports  >  2013  >  Capital and Shares > Status of Employee Stock Option Plan
Status of Employee Stock Option Plan
繁中

Issuance of Employee Stock Options

As of 02/28/2014

ESOP Granted

First Grant

Second Grant

Third Grant

Approval Date by The Securities & Futures Bureau

06/25/2002

06/25/2002

06/25/2002

Issue (Grant) Date

08/22/2002

11/08/2002

03/07/2003

Number of Options Granted

18,909,700

1,085,000

6,489,514

Percentage of Shares Exercisable to Outstanding Common Shares

0.10154%

0.00583%

0.03485%

Option Duration

10 years

10 years

10 years

Source of Option Shares

New Common Share

New Common Share

New Common Share

Vesting Schedule

2nd Year: up to 50%

2nd Year: up to 50%

2nd Year: up to 50%

3rd Year: up to 75%

3rd Year: up to 75%

3rd Year: up to 75%

4th Year: up to 100%

4th Year: up to 100%

4th Year: up to 100%

Shares Exercised

20,585,621

1,416,203

7,584,554

Value of Shares Exercised (NT$)

696,435,850

45,875,186

174,820,504

Shares Unexercised

-

-

-

Original Grant Price Per Share (NT$)

NT$53.0

NT$51.0

NT$41.6

Adjusted Exercise Price Per Share (NT$)

NT$25.6

NT$24.6

NT$20.2

Percentage of Shares Unexercised to Outstanding Common Shares

0.00000%

0.00000%

0.00000%

Impact to Shareholders’ Equity

Dilution to Shareholders’
Equity is limited

Dilution to Shareholders’
Equity is limited

Dilution to Shareholders’
Equity is limited

ESOP Granted

Fourth Grant

Fifth Grant

Sixth Grant

Approval Date by The Securities & Futures Bureau

06/25/2002

10/29/2003

10/29/2003

Issue (Grant) Date

06/06/2003

12/03/2003

02/19/2004

Number of Options Granted

23,090,550

842,900

15,720

Percentage of Shares Exercisable to Outstanding Common Shares

0.12399%

0.00416%

0.00008%

Option Duration

10 years

10 years

10 years

Source of Option Shares

New Common Share

New Common Share

New Common Share

Vesting Schedule

2nd Year: up to 50%

2nd Year: up to 50%

2nd Year: up to 50%

3rd Year: up to 75%

3rd Year: up to 75%

3rd Year: up to 75%

4th Year: up to 100%

4th Year: up to 100%

4th Year: up to 100%

Shares Exercised

24,838,979

583,111

15,416

Value of Shares Exercised (NT$)

849,375,434

29,807,359

744,182

Shares Unexercised

-

-

-

Original Grant Price Per Share (NT$)

NT$58.5

NT$66.5

NT$63.5

Adjusted Exercise Price Per Share (NT$)

NT$28.3

NT$50.1

NT$47.8

Percentage of Shares Unexercised to Outstanding Common Shares

0.00000%

0.00000%

0.00000%

Impact to Shareholders’ Equity

Dilution to Shareholders’
Equity is limited

Dilution to Shareholders’
Equity is limited

Dilution to Shareholders’
Equity is limited

ESOP Granted

Seventh Grant

Eighth Grant

Ninth Grant

Approval Date by The Securities & Futures Bureau

10/29/2003

10/29/2003

01/06/2005

Issue (Grant) Date

05/11/2004

08/11/2004

05/17/2005

Number of Options Granted

11,167,817

135,300

10,742,350

Percentage of Shares Exercisable to Outstanding Common Shares

0.05510%

0.00058%

0.04620%

Option Duration

10 years

10 years

10 years

Source of Option Shares

New Common Share

New Common Share

New Common Share

Vesting Schedule

2nd Year: up to 50%

2nd Year: up to 50%

2nd Year: up to 50%

3rd Year: up to 75%

3rd Year: up to 75%

3rd Year: up to 75%

4th Year: up to 100%

4th Year: up to 100%

4th Year: up to 100%

Shares Exercised

10,143,247

128,014

7,807,842

Value of Shares Exercised (NT$)

449,012,664

4,982,968

371,734,875

Shares Unexercised

201,281

-

1,129,240

Original Grant Price Per Share (NT$)

NT$57.5

NT$43.8

NT$54.3

Adjusted Exercise Price Per Share (NT$)

NT$43.2

NT$38.0

NT$47.2

Percentage of Shares Unexercised to Outstanding Common Shares

0.00078%

0.00000%

0.00436%

Impact to Shareholders’ Equity

Dilution to Shareholders’
Equity is limited

Dilution to Shareholders’
Equity is limited

Dilution to Shareholders’
Equity is limited

 

Employee Stock Options Granted to Management Team and to Top 10 Employees

As of 02/28/2014

img

Note 1: TSMC granted options to certain of its officers (as listed above) as a result of their voluntary selection to exchange part of their profit sharing for stock options in 2003. This includes a voluntary exchange by Chairman Morris Chang in his capacity as Chief Executive Officer.
Note 2: Effective November 12, 2013, Chairman and Chief Executive Officer Dr. Morris Chang retired as Chief Executive Officer. Executive Vice Presidents and Co-Chief Operating Officers Drs. Mark Liu and C.C. Wei assumed the role as Co-Chief Executive Officers.
Note 3: Executive Vice Presidents and Co-Chief Operating Officers Drs. Mark Liu and C.C. Wei were appointed as President and Co-Chief Executive Officer, effective November 12, 2013.
Note 4: Mr. Rick Cassidy was promoted to Senior Vice President, effective February 18, 2014.
Note 5: Vice President of Human Resources Mr. L.C. Tu was appointed as President of TSMC China, effective March 15, 2013.
Note 6: Number of options granted includes the additional shares due to stock dividends distributed in 2004, 2005, 2006, 2007, 2008 and 2009.