APC 2010 Annual Report Download - page 131

CORPORATE GOVERNANCE
3
REGULATED AGREEMENTS
Transactions in Schneider Electric SA shares by senior management
andcorporate officers in 2010
Transactions disclosed in application of article 621–18-2 of the French Monetary
andFinancialCode
Date Name Type of transaction Trading volume Price per share
July 08, 2010 Jean-Pascal Tricoire
Subscription through the
corporate mutual fund 3,826 €67.44
July 08, 2010 Jean-Pascal Tricoire
Subscription through the
corporate mutual fund 445 €67.44
November 05, 2010 Jean-Pascal Tricoire Exercise of stock options 20,000 €49.30
November 05, 2010 Jean-Pascal Tricoire Share sale 19,882 €104.85
November 05, 2010 Jean-Pascal Tricoire Exercise of stock options 20,000 €55.55
November 22, 2010 Jean-Pascal Tricoire Share sale 19,882 €111.90
November 22, 2010 Jean-Pascal Tricoire Exercise of stock options 20,000 €55.55
December 20, 2010 Jean-Pascal Tricoire
Purchase of a two-year put
option 20,000 €17.00
December 20, 2010 Jean-Pascal Tricoire Sale of a two-year call option 20,000 €17.00
December 21, 2010 Jean-Pascal Tricoire Exercise of stock options 1,998 €55.55
July 08, 2010 Henri Lachmann
Subscription through the
corporate mutual fund 1,492 €67.00
October 22, 2010 Henri Lachmann Exercise of stock options 50,000 €55.55
November 19, 2010 Henri Lachmann Exercise of stock options 10,000 €55.55
December 03, 2010 Henri Lachmann Exercise of stock options 20,000 €55.55
July 08, 2010 Emmanuel Babeau
Subscription through the
corporate mutual fund 444 €67.44
December 17, 2010 Emmanuel Babeau Purchased/sold 215 €117.40
July 08, 2010 Claude Briquet
Subscription through the
corporate mutual fund 70 €67.44
July 08, 2010 Claude Briquet
Subscription through the
corporate mutual fund 334 € 67.44
October 20, 2010 Willy Kissling Acquisition 500 €100.93
December 24, 2010 Anand Mahindra Acquisition 250 €116.05
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9. Regulated Agreements
At its meeting of January6, 2006, the Board of Directors authorised
the signature of a shareholders’ agreement between AXA and
Schneider Electric SA. The agreement calls for the continuation of
stable cross-shareholdings between the two groups. In particular,
Schneider Electric SA undertakes to hold no less than 8.8million
AXA shares, or 0.4% of AXA’s capital, while AXA undertakes to
hold no less than 2.6million Schneider Electric SA shares or 1% of
Schneider Electric SA’s capital. Each group also holds a call option
that may be exercised in the event of hostile takeover. The one-year
agreement, which is automatically renewed each year unless it is
expressly terminated, was approved by Shareholders’ Meeting of
April26, 2007.
As Jean-Pascal Tricoire agreed to resign from his employment
contract with the Schneider Electric Group (where he has 22years’
seniority) when his term as Chairman of the Board expired on
May2, 2009, the Supervisory Board defi ned his new status with
his agreement. His new status took effect on May3, 2009 and was
approved by the Shareholders’ Meeting. Under this agreement, set
out on pages126 and 127, MrTricoire:
•benefi ts from the Top-hat Pension Plan for Schneider Electric
senior executives, the Schneider Electric SA employee benefi t
plan and the supplementary health, disability and death coverage
available to the Group’s senior executives;
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 129