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Share-based Payment Arrangement (Tables)
12 Months Ended
Dec. 31, 2020
Senao International Co., Ltd. (SENAO) [Member]  
Statement [LineItems]  
Share-based Compensation Plan

 

a.

SENAO share-based compensation plan (“SENAO Plan”) described as follows:

 

Effective Date

 

Grant Date

 

Stock Options  Units

 

 

Exercise Price

 

 

 

 

(In Thousands)

 

 

NT$

2012.05.28

 

2013.05.07

 

 

10,000

 

 

$66.20

(Original price$93.00)

Outstanding Stock Options

Information about SENAO’s outstanding stock options for the years ended December 31, 2018 and 2019 was as follows:

 

 

Year Ended December 31, 2018

 

 

 

Granted on May 7, 2013

 

 

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

 

 

(In Thousands)

 

 

NT$

 

Employee stock options

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

5,926

 

 

$

70.70

 

Options forfeited

 

 

(608

)

 

 

 

Options outstanding at end of the year

 

 

5,318

 

 

 

66.20

 

Options exercisable at end of the year

 

 

5,318

 

 

 

66.20

 

 

 

 

Year Ended December 31, 2019

 

 

 

Granted on May 7, 2013

 

 

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

 

 

(In Thousands)

 

 

NT$

 

Employee stock options

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

5,318

 

 

$

66.20

 

Options forfeited

 

 

(5,318

)

 

 

 

Options outstanding at end of the year

 

 

 

 

 

 

Options exercisable at end of the year

 

 

 

 

 

 

 

Assumptions used to Evaluate Options and Fair Value of Options

SENAO used the fair value method to evaluate the options using the Black-Scholes model and the related assumptions and the fair value of the options were as follows:

 

 

Stock Options

Granted on

May 7, 2013

 

Grant-date share price (NT$)

 

$

93.00

 

Exercise price (NT$)

 

$

93.00

 

Dividend yield

 

 

 

Risk-free interest rate

 

 

0.91

%

Expected life

 

4.375 years

 

Expected volatility

 

 

36.22

%

Weighted average fair value of grants (NT$)

 

$

28.72

 

SENAO used the fair value method to evaluate share-based payment transaction using the Black-Scholes model and the related assumptions and the fair value of the options were as follows:

 

 

 

Stock Options

Granted on

May 7, 2018

 

Grant-date share price (NT$)

 

$

51.60

 

Exercise price (NT$)

 

$

49.28

 

Dividend yield

 

 

 

Risk-free interest rate

 

 

0.59

%

Expected life

 

18 days

 

Expected volatility

 

 

8.78

%

Weighted average fair value of grants (NT$)

 

$

2.34

 

Share-based Compensation Plan

 

a.

SENAO share-based compensation plan (“SENAO Plan”) described as follows:

 

Effective Date

 

Grant Date

 

Stock Options  Units

 

 

Exercise Price

 

 

 

 

(In Thousands)

 

 

NT$

2012.05.28

 

2013.05.07

 

 

10,000

 

 

$66.20

(Original price$93.00)

Outstanding Stock Options

Information about SENAO’s outstanding stock options for the years ended December 31, 2018 and 2019 was as follows:

 

 

Year Ended December 31, 2018

 

 

 

Granted on May 7, 2013

 

 

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

 

 

(In Thousands)

 

 

NT$

 

Employee stock options

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

5,926

 

 

$

70.70

 

Options forfeited

 

 

(608

)

 

 

 

Options outstanding at end of the year

 

 

5,318

 

 

 

66.20

 

Options exercisable at end of the year

 

 

5,318

 

 

 

66.20

 

 

 

 

Year Ended December 31, 2019

 

 

 

Granted on May 7, 2013

 

 

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

 

 

(In Thousands)

 

 

NT$

 

Employee stock options

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

5,318

 

 

$

66.20

 

Options forfeited

 

 

(5,318

)

 

 

 

Options outstanding at end of the year

 

 

 

 

 

 

Options exercisable at end of the year

 

 

 

 

 

 

 

CHIEF Telecom Inc. (CHIEF) [Member]  
Statement [LineItems]  
Share-based Compensation Plan

 

c.

CHIEF share-based compensation plan (“CHIEF Plan”) described as follows:

Effective Date

 

Grant Date

 

Stock Options

Units

 

 

Exercise Price

 

 

 

 

 

 

 

 

NT$

2015.11.17

 

2015.10.22

 

 

2,000.00

 

 

$34.40

(Original price$43.00)

2017.12.18

 

2017.12.19

 

 

950.00

 

 

$132.70

(Original price$147.00)

 

 

2018.10.31

 

 

50.00

 

 

$138.70

(Original price$147.00)

2020.09.16

 

2020.11.13

 

 

200.00

 

 

$206.00

Outstanding Stock Options

Information about CHIEF’s outstanding stock options for the years ended December 31, 2018, 2019 and 2020 was as follows:

 

 

Year Ended December 31, 2018

 

 

 

Granted on

October 22, 2015

 

 

Granted on

December 19, 2017

 

 

Granted on

October 31, 2018

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

1,936.00

 

 

$

34.40

 

 

 

950.00

 

 

$

147.00

 

 

 

 

 

$

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50.00

 

 

 

147.00

 

Options exercised

 

 

(1,027.25

)

 

 

34.40

 

 

 

 

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(26.00

)

 

 

 

 

 

(25.00

)

 

 

 

 

 

 

 

 

 

Options outstanding at end of the year

 

 

882.75

 

 

 

34.40

 

 

 

925.00

 

 

 

140.60

 

 

 

50.00

 

 

 

147.00

 

Options exercisable at end of the year

 

 

416.50

 

 

 

34.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2019

 

 

 

Granted on

October 22, 2015

 

 

Granted on

December 19, 2017

 

 

Granted on

October 31, 2018

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

882.75

 

 

$

34.40

 

 

 

925.00

 

 

$

140.60

 

 

 

50.00

 

 

$

147.00

 

Options exercised

 

 

(547.25

)

 

 

34.40

 

 

 

 

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(21.25

)

 

 

 

 

 

(28.00

)

 

 

 

 

 

(4.00

)

 

 

 

Options outstanding at end of the year

 

 

314.25

 

 

 

34.40

 

 

 

897.00

 

 

 

135.60

 

 

 

46.00

 

 

 

141.70

 

Options exercisable at end of the year

 

 

314.25

 

 

 

34.40

 

 

 

448.50

 

 

 

135.60

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2020

 

 

 

Granted on

October 22, 2015

 

 

Granted on

December 19, 2017

 

 

Granted on

October 31, 2018

 

 

Granted on

November 13, 2020

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

314.25

 

 

$

34.40

 

 

 

897.00

 

 

$

135.60

 

 

 

46.00

 

 

$

141.70

 

 

 

 

 

$

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

200

 

 

 

206.00

 

Options exercised

 

 

(314.25

)

 

 

34.40

 

 

 

(448.50

)

 

 

135.60

 

 

 

(21.00

)

 

 

138.70

 

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

 

 

(21.00

)

 

 

 

 

 

(4.00

)

 

 

 

 

 

 

 

 

 

Options outstanding at end of the year

 

 

 

 

 

 

 

 

427.50

 

 

 

132.70

 

 

 

21.00

 

 

 

138.70

 

 

 

200.00

 

 

 

206.00

 

Options exercisable at end of

the year

 

 

 

 

 

 

 

 

213.75

 

 

 

132.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee Stock Options Outstanding

 

As of December 31, 2019, information about employee stock options outstanding was as follows:

Granted on October 22, 2015

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

34.40

 

 

 

314.25

 

 

 

0.81

 

 

$

34.40

 

 

 

314.25

 

 

$

34.40

 

 

Granted on December 19, 2017

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

135.60

 

 

 

897.00

 

 

 

2.96

 

 

$

135.60

 

 

 

448.50

 

 

$

135.60

 

Granted on October 31, 2018

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

141.70

 

 

 

46.00

 

 

 

3.83

 

 

$

141.70

 

 

 

 

 

$

 

 

As of December 31, 2020, information about employee stock options outstanding was as follows:

Granted on December 19, 2017

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

132.70

 

 

 

427.50

 

 

 

1.96

 

 

$

132.70

 

 

 

213.75

 

 

$

132.70

 

 

 

Granted on October 31, 2018

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

138.70

 

 

 

21.00

 

 

 

2.83

 

 

$

138.70

 

 

 

 

 

$

 

 

Granted on November 13, 2020

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

206.00

 

 

 

200.00

 

 

 

4.87

 

 

$

206.00

 

 

 

 

 

$

 

 

As of December 31, 2020, all the stock options granted on October 22, 2015 were exercised or forfeited.

 

Assumptions used to Evaluate Options and Fair Value of Options

CHIEF used the fair value method to evaluate the options using the Black-Scholes model and binomial option pricing model and the related assumptions and the fair value of the options were as follows:

 

 

 

Stock Options

Granted on

October 22,

2015

 

 

Stock Options

Granted on

December 19,

2017

 

 

Stock Options

Granted on

October 31,

2018

 

 

Stock Options

Granted on

November 13,

2020

 

Grant-date share price (NT$)

 

$

39.55

 

 

$

95.92

 

 

$

166.00

 

 

$

356.00

 

Exercise price (NT$)

 

$

43.00

 

 

$

147.00

 

 

$

147.00

 

 

$

206.00

 

Dividend yield

 

 

 

 

 

 

 

 

 

 

 

 

Risk-free interest rate

 

 

0.86

%

 

 

0.62

%

 

 

0.72

%

 

 

0.18

%

Expected life

 

5 years

 

 

5 years

 

 

5 years

 

 

5 years

 

Expected volatility

 

 

21.02

%

 

 

17.35

%

 

 

16.60

%

 

 

34.61

%

Weighted average fair value of grants (NT$)

 

$

4,863

 

 

$

2,318

 

 

$

33,540

 

 

$

173,893

 

CHIEF used the fair value method to evaluate the options granted to employees on May 22, 2018 using the Black-Scholes model and the related assumptions and the fair value of the options were as follows:

 

 

 

Stock Options

Granted on

May 22,

2018

 

Grant-date share price (NT$)

 

$

156.41

 

Exercise price (NT$)

 

$

170.00

 

Dividend yield

 

 

 

Risk-free interest rate

 

 

0.34

%

Expected life

 

7 days

 

Expected volatility

 

 

14.33

%

Weighted average fair value of grants (NT$)

 

$

 

Share-based Compensation Plan

 

c.

CHIEF share-based compensation plan (“CHIEF Plan”) described as follows:

Effective Date

 

Grant Date

 

Stock Options

Units

 

 

Exercise Price

 

 

 

 

 

 

 

 

NT$

2015.11.17

 

2015.10.22

 

 

2,000.00

 

 

$34.40

(Original price$43.00)

2017.12.18

 

2017.12.19

 

 

950.00

 

 

$132.70

(Original price$147.00)

 

 

2018.10.31

 

 

50.00

 

 

$138.70

(Original price$147.00)

2020.09.16

 

2020.11.13

 

 

200.00

 

 

$206.00

Outstanding Stock Options

Information about CHIEF’s outstanding stock options for the years ended December 31, 2018, 2019 and 2020 was as follows:

 

 

Year Ended December 31, 2018

 

 

 

Granted on

October 22, 2015

 

 

Granted on

December 19, 2017

 

 

Granted on

October 31, 2018

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

1,936.00

 

 

$

34.40

 

 

 

950.00

 

 

$

147.00

 

 

 

 

 

$

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50.00

 

 

 

147.00

 

Options exercised

 

 

(1,027.25

)

 

 

34.40

 

 

 

 

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(26.00

)

 

 

 

 

 

(25.00

)

 

 

 

 

 

 

 

 

 

Options outstanding at end of the year

 

 

882.75

 

 

 

34.40

 

 

 

925.00

 

 

 

140.60

 

 

 

50.00

 

 

 

147.00

 

Options exercisable at end of the year

 

 

416.50

 

 

 

34.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2019

 

 

 

Granted on

October 22, 2015

 

 

Granted on

December 19, 2017

 

 

Granted on

October 31, 2018

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

882.75

 

 

$

34.40

 

 

 

925.00

 

 

$

140.60

 

 

 

50.00

 

 

$

147.00

 

Options exercised

 

 

(547.25

)

 

 

34.40

 

 

 

 

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(21.25

)

 

 

 

 

 

(28.00

)

 

 

 

 

 

(4.00

)

 

 

 

Options outstanding at end of the year

 

 

314.25

 

 

 

34.40

 

 

 

897.00

 

 

 

135.60

 

 

 

46.00

 

 

 

141.70

 

Options exercisable at end of the year

 

 

314.25

 

 

 

34.40

 

 

 

448.50

 

 

 

135.60

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2020

 

 

 

Granted on

October 22, 2015

 

 

Granted on

December 19, 2017

 

 

Granted on

October 31, 2018

 

 

Granted on

November 13, 2020

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

314.25

 

 

$

34.40

 

 

 

897.00

 

 

$

135.60

 

 

 

46.00

 

 

$

141.70

 

 

 

 

 

$

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

200

 

 

 

206.00

 

Options exercised

 

 

(314.25

)

 

 

34.40

 

 

 

(448.50

)

 

 

135.60

 

 

 

(21.00

)

 

 

138.70

 

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

 

 

(21.00

)

 

 

 

 

 

(4.00

)

 

 

 

 

 

 

 

 

 

Options outstanding at end of the year

 

 

 

 

 

 

 

 

427.50

 

 

 

132.70

 

 

 

21.00

 

 

 

138.70

 

 

 

200.00

 

 

 

206.00

 

Options exercisable at end of

the year

 

 

 

 

 

 

 

 

213.75

 

 

 

132.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee Stock Options Outstanding

 

As of December 31, 2019, information about employee stock options outstanding was as follows:

Granted on October 22, 2015

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

34.40

 

 

 

314.25

 

 

 

0.81

 

 

$

34.40

 

 

 

314.25

 

 

$

34.40

 

 

Granted on December 19, 2017

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

135.60

 

 

 

897.00

 

 

 

2.96

 

 

$

135.60

 

 

 

448.50

 

 

$

135.60

 

Granted on October 31, 2018

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

141.70

 

 

 

46.00

 

 

 

3.83

 

 

$

141.70

 

 

 

 

 

$

 

 

As of December 31, 2020, information about employee stock options outstanding was as follows:

Granted on December 19, 2017

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

132.70

 

 

 

427.50

 

 

 

1.96

 

 

$

132.70

 

 

 

213.75

 

 

$

132.70

 

 

 

Granted on October 31, 2018

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

138.70

 

 

 

21.00

 

 

 

2.83

 

 

$

138.70

 

 

 

 

 

$

 

 

Granted on November 13, 2020

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

206.00

 

 

 

200.00

 

 

 

4.87

 

 

$

206.00

 

 

 

 

 

$

 

 

As of December 31, 2020, all the stock options granted on October 22, 2015 were exercised or forfeited.

 

CHT Security Co., Ltd. (CHTSC) [Member]  
Statement [LineItems]  
Outstanding Stock Options

Information about CHTSC’s outstanding stock options for the years ended December 31, 2019 and 2020 was as follows:

 

 

Year Ended December 31,

 

 

 

2019

 

2020

 

 

 

Granted on December 20, 2019

 

Granted on December 20, 2019

 

 

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

 

 

 

 

 

 

NT$

 

 

 

 

 

NT$

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

 

 

$

 

 

4,500

 

 

$

19.085

 

Options granted

 

 

4,500

 

 

 

19.085

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

 

(172

)

 

 

 

Options outstanding at end of the year

 

 

4,500

 

 

 

19.085

 

 

4,328

 

 

 

19.085

 

Options exercisable at end of the year

 

 

 

 

 

 

 

1,082

 

 

 

19.085

 

 

Employee Stock Options Outstanding

As of December 31, 2019, information about employee stock options outstanding was as follows:

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

19.085

 

 

 

4,500

 

 

 

4.97

 

 

$

19.085

 

 

 

 

 

$

 

 

As of December 31, 2020, information about employee stock options outstanding was as follows:

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

19.085

 

 

 

4,328

 

 

 

3.97

 

 

$

19.085

 

 

 

1,082

 

 

$

19.085

 

 

Assumptions used to Evaluate Options and Fair Value of Options

CHTSC used the fair value method to evaluate the options using the Black-Scholes model and the related assumptions and the fair value of the options were as follows:

 

 

Stock Options

Granted on

December 20,

2019

 

Grant-date share price (NT$)

 

$

20.17

 

Exercise price (NT$)

 

$

19.085

 

Dividend yield

 

 

12.49

%

Risk-free interest rate

 

 

0.54

%

Expected life

 

5 years

 

Expected volatility

 

 

42.41

%

Weighted average fair value of grants (NT$)

 

$

2,470

 

 

Outstanding Stock Options

Information about CHTSC’s outstanding stock options for the years ended December 31, 2019 and 2020 was as follows:

 

 

Year Ended December 31,

 

 

 

2019

 

2020

 

 

 

Granted on December 20, 2019

 

Granted on December 20, 2019

 

 

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

Number of

Options

 

 

Weighted-

average

Exercise Price

 

 

 

 

 

 

 

NT$

 

 

 

 

 

NT$

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

 

 

$

 

 

4,500

 

 

$

19.085

 

Options granted

 

 

4,500

 

 

 

19.085

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

 

(172

)

 

 

 

Options outstanding at end of the year

 

 

4,500

 

 

 

19.085

 

 

4,328

 

 

 

19.085

 

Options exercisable at end of the year

 

 

 

 

 

 

 

1,082

 

 

 

19.085

 

 

Employee Stock Options Outstanding

As of December 31, 2019, information about employee stock options outstanding was as follows:

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

19.085

 

 

 

4,500

 

 

 

4.97

 

 

$

19.085

 

 

 

 

 

$

 

 

As of December 31, 2020, information about employee stock options outstanding was as follows:

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

19.085

 

 

 

4,328

 

 

 

3.97

 

 

$

19.085

 

 

 

1,082

 

 

$

19.085

 

 

IISI Plan [Member]  
Statement [LineItems]  
Outstanding Stock Options

Information about IISI’s outstanding stock options for the year ended December 31, 2020 was as follows:

 

 

 

Year Ended December 31, 2020

 

 

 

Granted in

August 2013

 

 

Granted in

January 2014

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

 

 

$

 

 

 

 

 

$

 

Options outstanding upon the date of business combination

 

 

1,022.96

 

 

 

14.00

 

 

 

580.00

 

 

 

14.00

 

Options exercised

 

 

(432.50

)

 

 

14.00

 

 

 

(50.00

)

 

 

14.00

 

Options forfeited

 

 

(590.46

)

 

 

 

 

 

 

 

 

 

Options outstanding at end of the year

 

 

 

 

 

 

 

 

530.00

 

 

 

14.00

 

Options exercisable at end of the year

 

 

 

 

 

 

 

 

530.00

 

 

 

14.00

 

Employee Stock Options Outstanding

As of December 31, 2020, information about employee stock options outstanding was as follows:

Granted in January 2014

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

14.00

 

 

 

530.00

 

 

 

0.04

 

 

$

14.00

 

 

 

530.00

 

 

$

14.00

 

Assumptions used to Evaluate Options and Fair Value of Options

IISI used the fair value method to evaluate the options using the Black-Scholes model and the related assumptions and the fair value of the options were as follows:

 

 

Stock Options

Granted in

August 2013

 

 

Stock Options

Granted in

January 2014

 

Grant-date share price (NT$)

 

$

12.51

 

 

$

14.51

 

Exercise price (NT$)

 

$

14.00

 

 

$

14.00

 

Dividend yield

 

 

6

%

 

 

6

%

Risk-free interest rate

 

1.20%-1.39%

 

 

1.16%-1.32%

 

Expected life

 

4.5-5.5 years

 

 

4.5-5.5 years

 

Expected volatility

 

36.01%-36.62%

 

 

35.28%-35.97%

 

Weighted average fair value of grants (NT$)

 

$

12.51

 

 

$

14.51

 

Outstanding Stock Options

Information about IISI’s outstanding stock options for the year ended December 31, 2020 was as follows:

 

 

 

Year Ended December 31, 2020

 

 

 

Granted in

August 2013

 

 

Granted in

January 2014

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price (NT$)

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

 

 

$

 

 

 

 

 

$

 

Options outstanding upon the date of business combination

 

 

1,022.96

 

 

 

14.00

 

 

 

580.00

 

 

 

14.00

 

Options exercised

 

 

(432.50

)

 

 

14.00

 

 

 

(50.00

)

 

 

14.00

 

Options forfeited

 

 

(590.46

)

 

 

 

 

 

 

 

 

 

Options outstanding at end of the year

 

 

 

 

 

 

 

 

530.00

 

 

 

14.00

 

Options exercisable at end of the year

 

 

 

 

 

 

 

 

530.00

 

 

 

14.00

 

Employee Stock Options Outstanding

As of December 31, 2020, information about employee stock options outstanding was as follows:

Granted in January 2014

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Remaining

Contractual Life

 

 

Weighted

Average

Exercise Price

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

NT$

 

 

 

 

 

 

(Years)

 

 

NT$

 

 

 

 

 

 

NT$

 

$

14.00

 

 

 

530.00

 

 

 

0.04

 

 

$

14.00

 

 

 

530.00

 

 

$

14.00