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$20.2 |
Percentage of Shares Unexercised to Outstanding Common Shares |
0.00000% |
0.00000% |
0.00000% |
Impact to Shareholders’ Equity |
Dilution to Shareholders’ |
Dilution to Shareholders’ |
Dilution to Shareholders’ |
| ESOP Granted | Fourth Grant |
Fifth Grant |
Sixth Grant |
|---|---|---|---|
Approval Date by The Securities & Futures Bureau |
06/25/2002 |
10/29/2003 |
10/29/2003 |
Issue (Grant) Date |
06/06/2003 |
12/03/2003 |
02/19/2004 |
Number of Options Granted |
23,090,550 |
842,900 |
15,720 |
Percentage of Shares Exercisable to Outstanding Common Shares |
0.12399% |
0.00416% |
0.00008% |
Option Duration |
10 years |
10 years |
10 years |
Source of Option Shares |
New Common Share |
New Common Share |
New Common Share |
Vesting Schedule |
2nd Year: up to 50% |
2nd Year: up to 50% |
2nd Year: up to 50% |
3rd Year: up to 75% |
3rd Year: up to 75% |
3rd Year: up to 75% |
|
4th Year: up to 100% |
4th Year: up to 100% |
4th Year: up to 100% |
|
Shares Exercised |
24,838,979 |
583,111 |
15,416 |
Value of Shares Exercised (NT$) |
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$47.8 |
Percentage of Shares Unexercised to Outstanding Common Shares |
0.00000% |
0.00000% |
0.00000% |
Impact to Shareholders’ Equity |
Dilution to Shareholders’ |
Dilution to Shareholders’ |
Dilution to Shareholders’ |
| ESOP Granted | Seventh Grant |
Eighth Grant |
Ninth Grant |
|---|---|---|---|
Approval Date by The Securities & Futures Bureau |
10/29/2003 |
10/29/2003 |
01/06/2005 |
Issue (Grant) Date |
05/11/2004 |
08/11/2004 |
05/17/2005 |
Number of Options Granted |
11,167,817 |
135,300 |
10,742,350 |
Percentage of Shares Exercisable to Outstanding Common Shares |
0.05510% |
0.00058% |
0.04620% |
Option Duration |
10 years |
10 years |
10 years |
Source of Option Shares |
New Common Share |
New Common Share |
New Common Share |
Vesting Schedule |
2nd Year: up to 50% |
2nd Year: up to 50% |
2nd Year: up to 50% |
3rd Year: up to 75% |
3rd Year: up to 75% |
3rd Year: up to 75% |
|
4th Year: up to 100% |
4th Year: up to 100% |
4th Year: up to 100% |
|
Shares Exercised |
10,143,247 |
128,014 |
7,807,842 |
Value of Shares Exercised (NT$) |
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’ |
Dilution to Shareholders’ |
Dilution to Shareholders’ |
Employee Stock Options Granted to Management Team and to Top 10 Employees
As of 02/28/2014
| 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. |