June 26, 2002 in Social Responsibility News

Resolution on Cancellation of Grant of Stock Option




1. class and

   number of shares
common shares
53,000shrs


preferred shares
-


2. reasons for cancellation
Stock option grantees voluntarily
waive their right to stock option as they resign from

their office


3. stock option holders affected
by cancellation
Five stock option
holers


4. status of
stock

   option after

   cancellation
number of grantees
-


number of shares granted
5,489,500


5. date of board resolution
2002.06.26


   -  attendance
of outside directors
present(no.)
7
absent(no.)
-


   -  attendance
of auditors
present


6. others
-With the five voluntarily giving
up their

 stock option, a change was made in

 the number and class of granted stock

 options and such change was reported to  the BOD.

 

-Number and class of granted stock

 options after the voluntary waiver of

 stock option.

 

 ▷  Initially granted stock options

      ( 5,708,500 shrs)

     - Year 2000: Stock option was

        granted to 76 employees

        (1,500,000 shrs)

     - Year 2001: Stock option was

        granted to 560

        (3,099,500 shrs)

     - Year 2002: Stock option was

        granted to 185 employees

        (1,109,000 shrs)

 

 ▷ The number of grantees who have    

     voluntarily given up their stock options

     (219,000 shrs)

     - Year 2000: Stock option granted

        to three employees lost
effect

        (55,000 shrs)

     - Year 2001: Stock option granted

        to twenty three lost effect

        (164,000 shrs)

     - Year 2002 : No stock option has

        yet to lose effect

 

▷ Effective stock options grantees

    can exercise:  5,489,500 shrs





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