APC 2010 Annual Report Download - page 187

CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Earnings per share
Basic Dec.31, 2010 Diluted Basic Dec.31, 2009 Diluted
Profi t before tax 9.03 8.97 4.76 4.75
EARNINGS PER SHARE 6.59 6.55 3.32 3.31
21.4 - Dividends paid and proposed
In 2010, the Group paid out the 2009 dividend of EUR2.05 per
share, for a total of EUR525million. In 2009, the Group paid out the
2008 dividend of EUR3.45 per share, for a total of EUR837million.
At the Shareholders’ Meeting of April21, 2011 shareholders will
be asked to approve a dividend of EUR3.20 per share for 2010.
At December31, 2010 Schneider Electric SA had distributable
reserves in an amount of EUR257million (versus EUR322million at
the previous year-end), not including profi t for the year.
21.5 - Share-based payments
Current stock option and stock grant plans
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 of the Group. The main features of these plans were as follows at December31, 2010:
Stock option plans
Plan no. Date of Board meeting Type of plan(1)
Starting date
of exercise period Expiration date Price (ineuros) Number of options initially granted
Options cancelled
because targets
not met
18 Mar.24, 2000 P Mar.24, 2003 Mar.23, 2008 65.24 1,421,200 686,600
19 April4, 2001 S April4, 2005 April3, 2009 68.13 1,557,850 N/A(2)
20 Dec.12, 2001 S Dec.12, 2005 Dec.11, 2009 51.26 1,600,000 166,800
21 Feb.5, 2003 S Feb.5, 2007 Feb.4, 2011 45.21 2,000,000 141,900
22 Feb.5, 2003 S June5, 2003 Feb.4, 2011 45.21 111,000 N/A(2)
23 May6, 2004 S Oct.1, 2004 May5, 2012 55.55 107,000 N/A(2)
24 May6, 2004 S May6, 2008 May5, 2012 55.55 2,060,700 94,300
25 May12, 2005 S Oct.1, 2005 May11, 2013 56.47 138,500 N/A(2)
26 June28, 2005 S June28, 2009 June27, 2013 60.19 2,003,800 -
27 Dec.1, 2005 S Dec.1, 2009 Nov.30, 2013 71.40 1,614,900 -
28 Dec.21, 2006 S or P Dec.21, 2010 Dec.20, 2016 81.34 1,257,120 -
29 April23, 2007 S or P April23, 2011 April22, 2017 97.05 83,150 -
30 Dec.19, 2007 S or P Dec.19, 2011 Dec.18, 2017 92.00 944,926 490,463
31 Jan.5, 2009 S or P Jan.5, 2013 Jan.4, 2019 52.12 679,000 -
32 Aug.21, 2009 S or P Aug.21, 2013 Aug.20, 2019 62.61 5,000 -
33 Dec.21, 2009 S or P Dec.21, 2013 Dec.20, 2019 75.84 826,343 -
TOTAL 16,410,489 1,580,063
(1) S = Options to subscribe new shares. P = Options to purchase existing shares.
(2) Not applicable because no vesting conditions were set.
Rules governing the stock option plans are as follows:
•to exercise the option, the grantee must be an employee or
corporate offi cer of the Group. Vesting is also conditional 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.
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