APC 2005 Annual Report Download - page 29

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Options granted to the top ten employee grantees during the year
and exercised by the ten employees exercising the most options during the year
Number Price Expiration
of options (in euros) date
Options granted in 2005 to the top ten employee grantees
(not including corporate officers)
Plan 26 300,000 60.78 2013
Plan 27 293,000 72.10 2013
Options exercised in 2005 by the ten employees
exercising the largest number of options during the year
(not including corporate officers) 222,300 52.00 (1) –
(1) Weighted average price.
Stock option plan details
Plan Date of Number Number Price Exercise criteria % of Number Number Number Number
no. Board of initial of options in euros targets of options of options of options of options
Meeting grantees granted met cancelled exercised by exercised by outstanding
(1) corporate the top ten at Dec. 31,
officers (2) employee 2005 (3)
grantees (2)
14 01/28/98 P 291 1,208,000 50.77 All options: 85.4 164,300 - - 0
ROE for 1996 to 1998
15 12/22/98 P 1 60,000 50.86 50% of options: 55.4 13,300 46,700 - 0
value creation for 1999 to 2001
16 04/01/99 P 337 1,259,300 50.73 50% of options: 55.4 245,900 85,600 154,500 478,720
value creation for 1999 to 2001
17 04/01/99 P 542 2,123,100 50.73 All options: sales, base costs 47.7 1,078,600 107,400 172,900 622,052
and operating income for 2001
18 03/24/00 P 1,038 1,421,200 65.88 50% of options: value creation 0 686,600 63,000 87,900 583,981
for 2000 to 2002
19 04/04/01 S 1,050 1,557,850 68.80 None NA NA 205,500 163,600 1,426,375
20 12/12/01 S 180 1,600,000 51.76 All options: 2004 sales 89.0 166,800 89,000 296,800 970,850
and operating income
21 02/05/03 S 433 2,000,000 45.65 50% of options: operating margin - - 150,000 350,000 1,861,100
and operating income to capital
employed
22 02/05/03 S 111 111,000 45.65 None (reserved for winners NA NA - 10,000 69,950
of the NEW2004 Trophies)
23 05/06/04 S 107 107,000 56.09 None (reserved for winners NA NA - 10,000 74,000
of the NEW2004 Trophies)
24 05/06/04 S/P 402 2,060,700 56.09 50% of options in equal amounts - - 150,000 282,200 2,024,900
over 2004, 2005 and 2006:
operating margin
25 05/12/05 S 157 138,500 57.02 None (reserved for winners NA NA - 15,000 89,150
of the NEW2004 Trophies)
26 06/28/05 S/P 458 2,003,800 60.78 50% of options: operating margin - - 200,000 300,000 1,994,800
and revenue for 2005 and 2006
27 12/01/05 S/P 419 1,614,900 72.10 50% of options: operating margin - - 150,000 293,000 1,614,900
and revenue for 2006 and 2007
17,265,350 2,355,500 1,247,200 2,135,900 11,810,778
(1) Because targets were not met (plans 14 to 20).
(2) After cancellations because targets were not met.
(3) Number of shares outstanding after deducting all shares cancelled and exercised since the plan began.
General Presentation of Schneider Electric SA