APC 2004 Annual Report Download - page 23

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21
5
Stock buybacks
The Annual Shareholders' Meeting of May 16, 2003
authorized the Board of Directors to buy back shares
on the open market. Pursuant to this authorization,
the Company purchased 1,660,253 shares at an
average unit price of 51.50.
The Annual Shareholders' Meeting of May 6, 2004
authorized the Board of Directors to buy back shares
on the open market. Pursuant to this authorization,
the Company had purchased 4,113,967 shares at an
average unit price of 51.72 on February 16, 2005.
The related transaction costs amounted to
319,161.95.
At its meeting of December 9, 2004, the Board of
Directors used the authorization granted by the
Annual Shareholders' Meeting of May 6, 2004 to can-
cel 7 million shares bought back by the Company pur-
suant to authorizations granted by the Annual
Shareholders' Meetings of May 27, 2002, May 16,
2003 and May 6, 2004.
At December 31, 2004, the Company held 5,083,516
of its own shares in treasury.
Outstanding options
Plan Date Type Number Options Options Starting Expiration Price Options Options Number
no. of Board (1) of options granted to granted to date of date (in euros) exercised cancelled of options
Meeting outstanding corporate the top 10 exercise in 2004 in 2004 outstanding
(2) officers employee period at Dec. 31,
(2) grantees (2) 2004
11 06/13/96 S 89,950 - - 06/13/01 06/12/04 35.37 89,950 0 0
12 01/24/97 S 27,000 - - 01/24/00 01/23/04 35.67 27,000 0 0
13 06/10/97 S 532,210 - - 06/10/00 06/09/04 44.52 527,710 4,500 0
14 01/28/98 P 997,400 - - 01/28/01 01/27/05 50.77 72,254 6,100 919,046
15 12/22/98 P 46,700 46,700 - 12/22/01 12/21/05 50.86 0 0 46,700
16 04/01/99 P 928,500 85,600 118,200 04/01/02 03/31/07 50.73 8,700 0 919,800
17 04/01/99 P 953,700 107,400 124,000 04/01/02 03/31/07 50.73 7,200 2,400 944,100
18 03/24/00 P 644,650 63,000 87,900 03/24/03 03/23/08 65.88 0 2,650 642,000
19 04/04/01 S 1,485,525 205,500 163,600 04/04/05 04/03/09 68.80 0 20,650 1,464,875
20 12/12/01 S 1,528,900 100,000 333,000 12/12/04 12/11/09 51.76 0 34,500 1,494,400
21 02/05/03 S or P 1,950,400 150,000 345,000 02/05/07 02/04/11 45.65 0 29,200 1,921,200
22 02/05/03 S 93,000 - 10,000 06/05/03 02/04/11 45.65 1,500 0 91,500
23 05/06/04 S 107,000 - 10,000 10/01/04 05/05/12 56.09 0 0 107,000
24 05/06/04 S or P 2,060,700 150,000 282,200 05/06/08 05/05/12 56.09 0 0 2,060,700
(1) S = Options to subscribe new shares / P = Options to purchase existing shares
(2)
After cancellations because targets were only partially met or because grantees did not exercise their options.
General Presentation of Schneider Electric SA