March 07, 2003 in Social Responsibility News

Grant of Stock Options

Samsung Electronics appreciates your ongoing trust and confidence in the Company. At this time management would like to announce that the following agendas have been approved by the board of directors on March 7, 2003.

I. Grant of Stock Options

As for the stock option grants, the BOD has authorized the granting of stock options to newly promoted and recruited executives. SEC has been utilizing stock options as a compensation tool to motivate and retain talented executives. The details of the stock option grants are as follow:
1. The options totaled 368,100 shares (0.21% of shares outstanding)
- The number of options granted varied according to the individual job-rankings and corporate contributions of each executive (average of 4331 shares)
2. Stock options have been granted to 85 newly promoted and recruited executives.
3. The exercise price of 288,800 KRW was calculated based on the market price, which is in accordance with the guidelines provided by relevant laws and regulations in Korea.
4. The options may begin to be exercised on March 8, 2005. The exercise period will then last until March 8, 2013. The vesting schedule is as follows:
- 2005: 1/3 options will vest and may be exercised
- 2006: 2/3 options will vest and may be exercised
- 2007: 100% options will vest and may be exercised

※ The above vesting scheme will be applied to the options granted March 8, 2003 and afterwards. If an option grantee is to resign, the non-vested portion of the options will be cancelled.

Samsung Electronics would like to express its thanks for the ongoing support of its shareholders, and hopes to strengthen this relationship going forward in the future.


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