APC 2006 Annual Report Download - page 63

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 Exercise price Expiry date
of options (in )
Options granted in 2006 to the top ten employee grantees
(not including corporate officers)
Plan 28 138,300 82.14 2016
Options exercised in 2006 by the ten employees exercising the largest
number of options during the year (not including corporate officers) 282,900 54.11(1) NA
(1) Weighted average price.
Stock grants made to the top ten employees during the year
Number of shares
Grants made in 2006 to the top ten employee grantees
(not including corporate officers)
Plan 1 6,591
Stock option plan details
Plan Plan Initial Initial Exercise Vesting conditions % of Cancelled Options Options Options
no. date number of number price target options granted to granted outstanding
grantees of options (in ) met (1) corporate to top 10 at Dec. 31,
officers (2) employees (2) 2006 (3)
16 April 1, 1999 P 337 1,259,300 50.73 50% - value creation 55.4 245,900 85,600 154,500 167,550
1999-2001
17 April 1, 1999 P 542 2,123,100 50.73 100% - 2001 sales, base 47.7 1,078,600 107,400 172,900 200,143
costs and operating profit
18 March 24, 2000 P 1,038 1,421,200 65.88 50% - value creation 0 686,600 63,000 87,900 358,628
2000-2002
19 April 4, 2001 S 1,050 1,557,850 68.80 None NA NA 205,500 163,600 1,048,458
20 Dec. 12, 2001 S 180 1,600,000 51.76 100% - 2004 sales and 89.0 166,800 89,000 296,800 602,346
operating profit
21 Feb. 5, 2003 S 433 2,000,000 45.65 50% - 2005 operating profit 84.0 141,900 138,000 322,100 1,439,900
and return on capital employed
22 Feb. 5, 2003 S 111 111,000 45.65 None – reserved for winners NA NA - 10,000 59,050
of the NEW2004 trophies
23 May 6, 2004 S 107 107,000 56.09 None - reserved for winners NA NA - 10,000 52,600
of the NEW2004 trophies
24 May 6, 2004 S/P 402 2,060,700 56.09 50% - operating margin. - - 150,000 282,200 1,999,900
1/3 per year over 2004, 2005
and 2006
25 May 12, 2005 S 157 138,500 57.02 None - reserved for winners NA NA - 15,000 60,050
of the NEW2004 trophies
26 June 28, 2005 S/P 458 2,003,800 60.78 50% - 2005 and 2006 sales - - 200,000 300,000 1,989,200
and operating margin
27 Dec. 1, 2005 S/P 419 1,614,900 72.10 50% - 2006 and 2007 sales - - 150,000 293,000 1,613,700
and operating margin
28 Dec. 21, 2006 S/P 489 1,257,120 82.14 50% - 2007 and 2008 sales - - 112,000 138,300 1,257,120
and operating margin
17,254,470 2,319,800 1,300,500 2,246,300 10,848,645
(1) Number of options cancelled because the targets were not met (plans 16 to 21).
(2) Number of options after deducting options cancelled because the targets were not met.
(3) Number of options outstanding after deducting all options cancelled and exercised since the plan’s inception.
S=Options to subscribe new shares. P=Options to purchase existing shares.
61
3