AU OPTRONICS CORP | CIK:0001172494 | 3

  • Filed: 3/29/2018
  • Entity registrant name: AU OPTRONICS CORP (CIK: 0001172494)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1172494/000095010318003972/0000950103-18-003972-index.htm
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    • ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory

    26.
    Share-based Payments
     
    The Company’s employee stock option plans were as follows:
     
    (a)
    DPTW Option Plan
     
    DPTW 2011 Employee stock option plan was fully expired on January 6, 2017.
     
    Information about DPTW’s outstanding stock options is as follows:
     
     
     
    For the years ended December 31,
     
     
     
    2017
     
    2016
     
     
     
    Weighted-average exercise price
    (per share)
     
    Number of
    options
    (shares)
     
    Weighted-average exercise price
    (per share)
     
    Number of
    options
    (shares)
     
    Outstanding at January 1
     
    $
    19.04
     
     
    2,913,000
     
    $
    19.36
     
     
    3,880,000
     
    Options expired
     
     
    -
     
     
    (2,913,000)
     
     
    -
     
     
    (967,000)
     
    Outstanding at December 31
     
     
    -
     
     
    -
     
     
    19.04
     
     
    2,913,000
     
    Exercisable at December 31
     
     
     
     
     
    -
     
     
     
     
     
    2,913,000
     
     
    (b)
    ACTW Option Plan
     
    (1)
    The key terms and conditions related to the grants under ACTW’s outstanding employee stock option plan were disclosed as follows:
     
     
     
    Grant date
     
    Total number of options issued (units in
    thousands)
     
    Contractual life of options
     
    Exercisable period
     
    Exercise price
    (per share)
     
    2014 Employee stock option plan
     
    Sep. 1, 2014
     
    20
     
    Sep.1, 2014 –
    Aug. 31, 2019
     
    After Aug. 31, 2016
     
    $
    10
     
     
    ACTW 2012 Employee stock option plan was fully expired on August 31, 2017.
     
    (2)
    The related employee benefit expenses and capital surplus recognized on ACTW’s employee stock options were $474 thousand, $1,534 thousand and $2,386 thousand for the years ended December 31, 2017, 2016 and 2015, respectively.
      
    (3)
    Fair value of stock options
     
    The fair value of the employee stock options granted by ACTW was measured at the dates of grant using the Binomial option pricing model. The valuation information was as follows:
     
     
     
    2014 Employee Stock Option Plan
     
    Expected volatility
     
     
    38.88%
     
    Risk-free interest rate
     
     
    1.1648%
     
    Expected duration
     
     
    5 years
     
    Fair value at the grant date
     
     
    NT$0.20/per share
     
     
    (4)
    Information about ACTW’s outstanding stock options is as follows:
     
     
     
    For the years ended December 31,
     
     
     
    2017
     
    2016
     
     
     
    Weighted-average exercise price
    (per share)
     
    Number of options (shares)
     
    Weighted- average exercise price
    (per share)
     
    Number of options (shares)
     
    Outstanding at January 1
     
    $
    10
     
     
    29,209,000
     
    $
    10
     
     
    32,843,000
     
    Options exercised
     
     
    10
     
     
    (1,162,000)
     
     
    10
     
     
    (959,000)
     
    Options expired
     
     
    -
     
     
    (11,446,000)
     
     
    -
     
     
    (2,675,000)
     
    Outstanding at December 31
     
     
    10
     
     
    16,601,000
     
     
    10
     
     
    29,209,000
     
    Exercisable at December 31
     
     
     
     
     
    12,425,000
     
     
     
     
     
    20,578,000