APC 2007 Annual Report Download - page 128

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Dec. 31, 2007 Dec. 31, 2006
(in euros)
Basic Diluted Basic Diluted
Profit before tax 9.49 9.39 8.55 8.47
Earnings per share 6.78 6.70 5.95 5.90
Earnings per share
14.4 - Dividends
In 2006, the Group paid out the 2005 dividend of 2.25 per share, for a total of 493 million. In 2007, the Group paid out
the 2006 dividend of 3.0 per share, for a total of 670 million.
At the Annual Meeting of April 21, 2008, shareholders will be asked to approve a dividend of 3.30 per share for 2007.
At December 31, 2007, Schneider Electric SA had distributable reserves in an amount of 484 million (versus 275 mil-
lion at the previous year-end), not including profit for the year.
14.5 - Share-based payment
Current stock option plans and stock grants
The Board of Directors of Schneider Electric SA and later the Management Board have set up stock option and stock
grant plans for senior executives and certain employees. The main features of these plans were as follows at Decem-
ber 31, 2007:
Stock option plans
Plan Date Type Starting Expiration Price Price Number Options
no. of Board (1) date date (in euros) (in euros) of options cancelled
Meeting of exercise before after initially because targets
period adjustment adjustment granted not met
(3)
16 Apr 1, 99 P Apr 1, 02 Mar 31, 07 50.73 50.24 1,259,300 245,900
17 Apr 1, 99 P Apr 1, 02 Mar 31, 07 50.73 50.24 2,123,100 1,078,600
18 Mar 24, 00 P Mar 24, 03 Mar 23, 08 65.88 65.24 1,421,200 686,600
19 Apr 4, 01 S Apr 4, 05 Apr 3, 09 68.80 68.13 1,557,850 NA (2)
20 Dec 12, 01 S Dec 12, 05 Dec 11, 09 51.76 51.26 1,600,000 166,800
21 Feb 5, 03 S Feb 5, 07 Feb 4, 11 45.65 45.21 2,000,000 141,900
22 Feb 5, 03 S Jun 5, 03 Feb 4, 11 45.65 45.21 111,000 NA (2)
23 May 6, 04 S Oct 1, 04 May 5, 12 56.09 55.55 107,000 NA (2)
24 May 6, 04 S or P May 6, 08 May 5, 12 56.09 55.55 2,060,700 94,300
25 May 12, 05 S Oct 1, 05 May 11, 13 57.02 56.47 138,500 NA (2)
26 Jun 28, 05 S or P Jun 28, 09 Jun 27, 13 60.78 60.19 2,003,800 -
27 Dec 1, 05 S or P Dec 1, 09 Nov 30, 13 72.10 71.40 1,614,900 -
28 Dec 21, 06 S or P Dec 21, 10 Dec 20, 16 84.12 81.34 1,257,120 -
29 Apr 23, 07 S or P Apr 23, 11 Apr 22, 17 97.05 97.05 83,150 -
30 Dec 19, 07 S or P Dec 19, 07 Dec 18, 17 92.00 92.00 944,926 -
Total 18,282,546 2,414,100
(1) S = Options to subscribe new shares. P = Options to purchase existing shares.
(2) Not applicable because no vesting conditions were set.
(3) The exercise price was adjusted following the March 16, 2007 capital increase.
Rules governing the stock option plans are as follows:
To exercise the option, the grantee must be an employee or corporate officer of the Group. Exercise is also condi-
tional on the achievement of performance criteria.
The options expire after eight to ten years.
The vesting period is three or four years in the United States and four years in the rest of the world.
126