APC 2009 Annual Report Download - page 218
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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC216
GENERAL PRESENTATION OF SCHNEIDER ELECTRIC SA
7STOCK OPTION AND STOCK GRANT PLANS
Stock grant plan details (at December31, 2009)
Plan
no. Plan date
Initial
number of
grantees
Initial
number of
grants Vesting
period Lock-up
period Vesting conditions
% of
target
met Cancelled
grants(1)
Grants
made to
corporate
offi cers(2)
Total
grants
cancelled
Grants
outstanding
at Dec. 31,
2009
1(3) Dec. 21, 2006 221 54,824 3 years 2 years
50% - 2007 and
2008 revenue and
operating margin 100 0 5,294 3,065 51,759
2 Apr. 23, 2007 13 2,214 3 years 2 years
50% - 2007 and
2008 revenue and
operating margin 100 0 0 0 2,214
3 Dec. 19, 2007 268 66,394 3 years 2 years
50% - 2008 and
2009 revenue and
operating margin 0 (4) 6,750 4,165 62,229
4 Dec. 19, 2007 274 57,250 4 years 0
50% - 2008 and
2009 revenue and
operating margin 0 (4) 0 1,771 55,479
5 Jan. 5, 2009 342 143,715 3 years 2 years
50%/ 100% for Mgt.
Board members
- 2011 operating
margin and share
of 2011 revenue
generated in new
economies - - 11,250 6,125 137,590
6 Jan. 5, 2009 721 212,351 4 years 0
50%/ 100% for Mgt.
Board members
- 2011 operating
margin and share
of 2011 revenue
generated in new
economies - - 0 3,950 208,401
7 Aug. 21, 2009 1 5,000 3 years 2 years None - - 1,250 0 1,250
8 Jan. 5, 2009 395 159,753 2 years 2 years
50%/ 100% for Mgt.
Board members -
2010 and 2011 (5)
operating margin
and share of 2011
revenue generated in
new economies - - 16,250 0 159,753
9 Jan. 5, 2009 1,184 390,095 4 years 0
50%/ 100% for Mgt.
Board members -
2010 and 2011 (5)
operating margin
and share of 2011
revenue generated in
new economies - - 0 0 390,095
1,091,596 0 40,794 19,076 1,017,011
(1) Number of grants cancelled because targets were not met.
(2) Number of grants after cancellations because target were not met.
(3) Initial number of grants increased by 2,818 to refl ect the March2007 capital increase.
(3) The 51,759 shares in plan 1 vested on December21, 2009; the lock-up period ends on December21, 2011.
(4) In 2010, 33,160 grants under plan 3 and 28,579 grants under plan 4 were cancelled because performance targets were not met.
(5) Excluding restructuring costs