XML 170 R76.htm IDEA: XBRL DOCUMENT

Share-based Payment Arrangement (Tables)

12 Months Ended

Dec. 31, 2019

Senao International Co., Ltd. (SENAO) [Member]

Statement [LineItems]

Share-based Compensation Plan

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, 2017, 2018 and 2019 was as follows:

	Year Ended December 31, 2017
	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		6,587		$	76.10
Options forfeited		(661	)		—
Options outstanding at end of the year		5,926			70.70
Options exercisable at end of the year		5,926			70.70

	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		—			—

Employee Stock Options Outstanding

As of December 31, 2018, 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$

(In Thousands)

(Years)

NT$

(In Thousands)

NT$

66.20

5,318

0.35

66.20

5,318

66.20

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
Dividends 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 option were as follows:

	Stock Options Granted on May 23, 2017			Stock Options Granted on November 17, 2017			Stock Options Granted on May 7, 2018
Grant-date share price (NT$)	$	53.60		$	51.00		$	51.60
Exercise price (NT$)	$	49.28		$	49.28		$	49.28
Dividends yield		—			—			—
Risk-free interest rate		0.59	%		0.59	%		0.59	%
Expected life	9 days			14 days			18 days
Expected volatility		12.35	%		9.94	%		8.78	%
Weighted average fair value of grants (NT$)	$	4.33		$	1.75		$	2.34

CHIEF Telecom Inc. (CHIEF) [Member]

Statement [LineItems]

Share-based Compensation Plan

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	$135.60 (Original price$147.00)
	2018.10.31		50.00	$141.70 (Original price$147.00)

Outstanding Stock Options

Information about CHIEF’s outstanding stock options for the years ended December 31, 2017, 2018 and 2019 was as follows:

	Year Ended December 31, 2017
	Granted on October 22, 2015					Granted on December 19, 2017
	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		1,948.00		$	34.40		—	$	—
Options granted		—			—		950.00		147.00
Options forfeited		(12.00	)		—		—		—
Options outstanding at end of the year		1,936.00			34.40		950.00		147.00
Options exercisable at end of the year		968.00			34.40		—		—

	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		—			—

Employee Stock Options Outstanding

As of December 31, 2018, 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		882.75		1.81	$	34.40		416.50	$	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$
$	140.60		925.00		3.96	$	140.60		—	$	—

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$
$	147.00		50.00		4.83	$	147.00		—	$	—

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		—	$	—

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
Grant-date share price (NT$)	$	39.55		$	95.92		$	166.00
Exercise price (NT$)	$	43.00		$	147.00		$	147.00
Dividends yield		—			—			—
Risk-free interest rate		0.86	%		0.62	%		0.72	%
Expected life	5 years			5 years			5 years
Expected volatility		21.02	%		17.35	%		16.60	%
Weighted average fair value of grants (NT$)	$	4,863		$	2,318		$	33,540

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
Dividends yield		—
Risk-free interest rate		0.34	%
Expected life	7 days
Expected volatility		14.33	%
Weighted average fair value of grants (NT$)	$	—

CHT Security Co., Ltd. (CHTSC) [Member]

Statement [LineItems]

Outstanding Stock Options

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

	Year Ended December 31, 2019
	Granted on December 20, 2019
	Number of Options		Weighted- average Exercise Price
			NT$
Employee stock options
Options outstanding at beginning of the year		—	$	—
Options granted		4,500		19.085
Options outstanding at end of the year		4,500		19.085
Options exercisable at end of the year		—		—

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		—	$	—

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
Dividends 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

Chunghwa Precision Test Tech. Co., Ltd. (CHPT) [Member]

Statement [LineItems]

Assumptions used to Evaluate Options and Fair Value of Options

CHPT used the fair value method to evaluate the options granted to employees on September 18, 2017 using the Black-Scholes model and the related assumptions and the fair value of the options were as follows:

	Stock Options Granted on September 18, 2017
Grant-date share price (NT$)	$	1,295.00
Exercise price (NT$)	$	1,267.33
Dividends yield		—
Risk-free interest rate		0.35	%
Expected life	4 days
Expected volatility		28.30	%
Weighted average fair value of grants (NT$)	$	31.60