APC 2002 Annual Report Download - page 22

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21
Outstanding options
Plan Date Type Number of Options Options Starting Expiration Price Options Options Number of
no of Board options granted to granted to date date (in euros) exercised cancelled options
Meeting outstandin corporate the top 10 of exercise in 2002 in 2002 outstanding
at Dec. officers employee period at Dec. 31,
31, 2001 grantees 2002
(1) (2) (2)
907.04.95 S 476,200 – – 07.04.00 06.04.03 24.93 113,400 – 362,800
10 07.04.95 S 174,380 – – 07.04.00 06.04.03 24.93 123,510 – 50,870
11 13.06.96 S 411,945 – – 13.06.01 12.06.04 35.37 56,185 1,820 353,940
12 24.01.97 S 1,251,000 – – 24.01.00 23.01.04 35.67 52,800 – 1,198,200
13 10.06.97 S 685,600 – – 10.06.00 09.06.04 44.52 27,470 4,500 653,630
14 28.01.98 P 1,014,200 – – 28.01.01 27.01.05 50.77 3,500 8,900 1,001,800
15 22.12.98 P 46,700 46,700 0 22.12.01 21.12.05 50.86 – – 46,700
16 01.04.99 P 1,013,400 85,600 118,200 01.04.02 31.03.07 50.73 – 75,700 937,700
17 01.04.99 P 1,044,500 107,400 124,000 01.04.02 31.03.07 50.73 – 81,300 963,200
18 24.03.00 P 1,421,200 63,000 87,900 24.03.03 23.03.08 65.88 – 761,125 660,075
19 04.04.01 S ou P 1,557,850 205,500 163,600 04.04.05 03.04.09 68.80 – 39,825 1,518,025
20 12.12.01 S 1,600,000 100,000 333,000 12.12.04 11.12.09 51.76 – – 1,600,000
21 05.02.03 S ou P 2,000,000 150,000 345,000 04.02.07 04.02.11 45.65 – – 2,000,000
22 05.02.03 S 111,000 – 100,000 05.06.03 04.02.11 45.65 – – 111,000
(1) S = Options to subscribe new shares.
P = Options to purchase existing shares.
(2) After cancellations because targets for plans 16-18 were only partially met and before any cancellations in relation to plans 20 and 21.
5 - Stock buybacks
The Annual Shareholders’ Meeting of June 11, 2001
authorized the Board of Directors to buy back shares on the
open market. Pursuant to this authorization, the Company
purchased 172,909 shares at an average unit price of
51.42 in 2002 and sold 50,000 shares at an average
unit price of 57.29 euros.
The Annual Shareholders’ Meeting of May 27, 2002 authorized
the Board of Directors to buy back shares on the open
market. Pursuant to this authorization, the Company
purchased 6,637,487 shares at an average unit price of
48.80 in 2002.
The related transaction costs amounted to 245,859.
At December 31, 2002, the Company held 16,195,736 of
its own shares in treasury.